Latest news with #OSL
Yahoo
9 hours ago
- Business
- Yahoo
MoneyHero Group Expands Digital Asset Wealth Product Offerings in Hong Kong in Strategic Collaboration with OSL
The collaboration with OSL, a leading regulated platform in Asia, marks MoneyHero's strategic expansion into the digital asset landscape, empowering users to make smarter and more informed financial decisions HONG KONG, June 09, 2025 (GLOBE NEWSWIRE) -- MoneyHero Limited (NASDAQ: MNY) ('MoneyHero' or the 'Company'), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced a strategic collaboration with OSL Group Limited (HKEX: 863) ('OSL'), Asia's leading regulated digital asset platform, to expand its digital asset wealth product offerings. This collaboration marks a key step as MoneyHero expands its wealth products offerings in Hong Kong to include digital asset-related services provided by Securities and Futures Commission of Hong Kong ('SFC')-licensed institutions, aiming to enhance financial wellbeing for consumers in Hong Kong. Through this collaboration, MoneyHero users can compare digital asset account products offered by leading SFC-licensed platforms like OSL, alongside insurance, stock, and bank account products, empowering them to make smarter and more informed financial decisions with a broader range of product choices. Hong Kong's growing interest in digital assets reflects increasing demand for diversified financial solutions. According to data from Investor and Financial Education Council (IFEC)1, a subsidiary of the SFC, 8% of retail investors in Hong Kong invested in virtual assets and related products in 2023, up from just 1% in 2019, while 11% of retail investors showed intention to invest in these products - reflecting the growing direct participation and interest that MoneyHero and OSL are addressing. Rohith Murthy, CEO of MoneyHero, said: "We are thrilled to work with OSL, a recognised leader in the regulated digital asset space in Asia. This collaboration reflects our unique value proposition and position as the leading digital acquisition partner for the majority of banks across Greater Southeast Asia, which we are leveraging to extend our offerings into the digital asset space. We are committed to providing our users with comprehensive financial solutions and access to emerging asset classes in a responsible and informed manner. OSL's strong regulatory compliance and institutional expertise provide valuable support for our expansion into the sector, where we also see significant potential to broaden our offerings in the future.' Jack Derong, CMO of OSL, said: "We are delighted to join forces with MoneyHero, an established and trusted platform across Southeast Asia. We believe that providing accessible and regulated pathways to digital assets is crucial for the industry's sustainable growth. MoneyHero's extensive user network and transparent and reliable comparison tools will empower a wider audience with the knowledge and access to participate in the digital asset economy with confidence." About MoneyHero Group MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia's largest operating B2C platform. MoneyHero had over 290 commercial partner relationships as at 31 December 2024, and had approximately 6.2 million Monthly Unique Users across its platform for the three months ended 31 December 2024. The Company's backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC's digital economy, please visit About OSL GroupOSL Group (HKEX: is a leading global financial infrastructure platform bridging traditional finance and the digital asset economy through blockchain technology. The Group is dedicated to providing efficient, seamless, and regulatory-compliant financial services to individuals and businesses worldwide. OSL delivers a comprehensive suite of regulated services through its licensed platforms, including 24/7 OTC brokerage with deep liquidity fiat gateways and competitive pricing; omnibus brokerage solutions enabling traditional financial institutions to integrate digital assets; SOC 2 Type 2-certified custody with up to US$1 billion insurance protection; and compliant retail trading channels; wealth management solutions, including scheduled launches on tokenised treasuries and RWAs; and in preparation for cross-border payment infrastructure via OSL Pay. "Open, Secure, Licensed" are the principles OSL lives by. OSL is expanding its compliant infrastructure across Japan, Australia, and Europe, potentially Southeast Asia, powering the next generation of global financial more information, please visit For MoneyHero inquiries, please contact: Investor Relations:MoneyHero IR TeamIR@ Media Relations:MoneyHero PR TeamPress@ For OSL inquiries, please contact:OSL Media Teammedia@ Disclaimer The Company and its subsidiaries do not hold any license issued by the SFC and do not engage in any regulated activities as defined under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). This press release is for informational purposes only and does not constitute, nor is it intended to constitute, an offer or invitation to provide any securities, investment, or other regulated services to the public in Hong Kong. 1Investor and Financial Education Council. (2023). Retail Investor Study 2023. 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Malaysian Reserve
28-05-2025
- Business
- Malaysian Reserve
OSL Wealth Debuts Stablecoin Yield-Generating Product via Ethena
TL;DR: OSL Wealth Partnership with Ethena, giving institutional clients dollar-pegged stability, auto-compounding on-chain yield, and daily liquidity. HONG KONG, May 28, 2025 /PRNewswire/ — OSL Wealth, under OSL Group, announces a new yield-generating product that seamlessly channels the performance of Ethena Labs' Staked USDe (sUSDe) to OSL's professional and institutional clients. Clients simply trade through OSL's OTC desk—using USD or USDT—and receive an instrument that (i) auto-compounds historically low-to-mid-teen net APY into its price, (ii) maintains constant 1:1 redemption into USDe for dollar stability, (iii) offers business-day subscriptions and redemptions with no lock-ups or performance fees, and (iv) is safeguarded around the clock in OSL's segregated, insured custody. sUSDe is the reward-bearing version of Ethena's synthetic stablecoin, USDe. By pairing ETH collateral with short perpetual-futures hedges, the underlying protocol harvests funding-rate income and staking rewards, compounding them into the token's value while preserving a 1:1 dollar peg. OSL Wealth now wraps that mechanism inside its own regulated offering, so clients can benefit from sUSDe's yield without managing staking wallets, on-chain hedges, or complex custody flows. Tony Luk, Head of OSL Wealth stated, 'Our clients want dollar stability that earns a real return, delivered through an institution they already trust. By integrating sUSDe under OSL's compliance, custody, and security framework, we've turned a technically demanding DeFi strategy into a turnkey income product.' 'OSL has set the bar for regulated digital asset services in Asia,' noted Steven Shi, Head of Institutional Growth, Ethena Labs. 'Their adoption of sUSDe brings our yield-bearing stablecoin to an audience that demands both transparency and institutional-grade safeguards.' ¹ Past performance is not indicative of future results. Yield fluctuates with perp-funding rates and staking returns. About OSL Hong Kong As a subsidiary of the publicly listed OSL Group (HKEX: OSL Digital Securities is Hong Kong's first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors. OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors. As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept: Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond. For more information, visit About Ethena Labs Ethena is the protocol behind USDe, the third-largest and fastest growing USD-denominated crypto asset in history. Ethena has $6.2 billion in TVL today, alongside integrations with some of the largest centralized exchanges and major DeFi applications. Ethena Labs, a contributor to the protocol, is backed by Fidelity, Franklin Templeton, Dragonfly, Binance Labs, Bybit and OKX among others.
Yahoo
23-05-2025
- Business
- Yahoo
Water Street Capital Issues Open Letter to Shareholders of REC Silicon
Believes Hanwha's Plan to Purchase All Shares of REC Silicon Drastically Undervalues Company's Assets and Intellectual Property Calls for Extraordinary General Meeting to Investigate Hanwha's Termination of its December 2024 Long-Term Purchase Agreement with REC Silicon Intends to Nominate New Directors to REC Silicon Board at Upcoming Annual General Meeting to Preserve Company Independence and Value JACKSONVILLE, Fla., May 23, 2025 /PRNewswire/ -- Water Street Capital, Inc. ("Water Street"), a long-term, value-oriented private investment firm which, together with its affiliates, collectively owns 8.26% of the outstanding common stock of REC Silicon ASA (OSL: ("REC Silicon" or the "Company"), today sent a letter to the Company's shareholders announcing its intention to vote against what it believes to be a significantly undervalued proposal from Hanwha Solutions Corporation ("Hanwha"), REC Silicon's largest shareholder, to purchase all shares of the Company. In its letter, Water Street stated its intention to call an Extraordinary General Meeting ("EGM") to investigate the circumstances that led to the termination of Hanwha's 10-year purchase contract with the Company in December 2024 to acquire all polysilicon from its Moses Lake facility. Further, Water Street announced its plan to nominate new directors to the Company's Board at its upcoming Annual General Meeting ("AGM"). The full text of the letter is attached. Media ContactJonathan Gasthalter/Brandon LinGasthalter & (212) 257-4170jg@ View original content to download multimedia: SOURCE Water Street Capital, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
02-05-2025
- Business
- Malaysian Reserve
OSL & Ant Digital Technologies Forge Landmark RWA Partnership
DUBAI, UAE, May 2, 2025 /PRNewswire/ — OSL Group ( a publicly listed company fully dedicated to digital assets, and Ant Digital Technologies have signed a Memorandum of Understanding (MoU) to establish a strategic partnership in Real-World Asset (RWA) tokenisation. The agreement, announced at the RWA REAL UP Dubai Summit 2025 on 30 April, marks a significant step in developing institutional-grade infrastructure for asset digitisation. The alliance merges Ant Digital Technologies' technological capabilities and OSL's institutional infrastructure. Ant Digital Technologies contributes its massively scalable blockchain platform, processing transactions with proven security protocols, while OSL provides the essential regulatory framework and distribution channels through its status as a trusted licensed digital asset platform. Together, these complementary strengths address the full spectrum of institutional requirements, from robust technical infrastructure to compliant market access, creating a complete solution for real-world asset tokenisation to market at scale. At the panel discussion 'Revolutionising Asset Markets: Tokenisation that Delivers Liquidity and Utility', Eugene Cheung, Chief Commercial Officer of OSL, addressed, 'This discussion arrives at a pivotal moment, as tokenisation shifts from concept to institutional reality. I'm particularly excited to announce our partnership with Ant Digital Technologies. By combining their unparalleled blockchain expertise with our regulated digital asset infrastructure, we're creating exactly what the market needs: a complete institutional solution that delivers both the liquidity promise of tokenisation and the demand of utility financial institutions. This is how we'll transform how assets are managed and traded globally.' Dennis Zhang, Head of RWA Solution at Ant Digital Technologies, highlighted the strategic partnership with OSL, stating, ' We are excited to collaborate with OSL, combining our strengths in blockchain, AI technologies, and trusted industry insights to tokenise high-quality industrial assets and financial products. With OSL's regulated, licensed services in Hong Kong, we aim to bridge the real world and the Web3 world, providing a crucial gateway for companies and institutions. We look forward to more enterprises joining our ecosystem.' The collaboration comes as financial institutions are increasingly exploring asset tokenisation to enhance liquidity, efficiency, and accessibility in capital markets. OSL and Ant Digital Technologies will continue to engage with regulators and market participants to deliver actionable solutions that redefine liquidity, accessibility, and efficiency in global markets. -Ends- About Ant Digital Technologies Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, blockchain, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023. Ant Digital Technologies established its international headquarters in Hong Kong in April 2025. As part of its core business, Ant Digital Technologies is actively exploring green energy RWA (Real World Assets) through Hong Kong Monetary Authority's Project Ensemble, focusing on assets like EV charging stations, distributed photovoltaic systems, and battery swapping infrastructure for two-wheelers. About OSL Group OSL Group (HKEX: is a leading global financial infrastructure platform bridging traditional finance and the digital asset economy through blockchain technology. The Group is dedicated to providing efficient, seamless, and regulatory-compliant financial services to individuals and businesses worldwide. OSL delivers a comprehensive suite of regulated services through its licensed platforms, including 24/7 OTC brokerage with deep liquidity fiat gateways and competitive pricing; omnibus brokerage solutions enabling traditional financial institutions to integrate digital assets; SOC 2 Type 2-certified custody with US$1 billion insurance protection; and compliant retail trading channels; wealth management solutions, including scheduled launches on tokenised treasuries and RWAs; and in preparation for cross-border payment infrastructure via OSL Pay. 'Open, Secure, Licensed' are the principles OSL lives by. OSL is expanding its compliant infrastructure across Japan, Australia, and Europe, potentially Southeast Asia, powering the next generation of global financial infrastructure.
Time of India
22-04-2025
- Time of India
Road blockade ends after NTPC agrees to compensate accident victim's family
Chatra: The road blockade at Keredari in Hazaribag district was lifted on Tuesday after officials agreed to compensate the family of Vikas Kumar Ram, who died in a road accident involving an NTPC coal-carrying truck. Ram, 30, was killed on Sunday when a hyva truck from NTPC's Keredari coal mining project hit in Pandu village. Local villagers and the deceased's family had blocked the road with the body, disrupting mining operations. Under the settlement, the victim's wife, Kavita Devi, will receive Rs 10 lakh from the state govt and Rs 46.5 lakh from NTPC and its outsourcing companies, BGR and OSL. Additionally, NTPC will provide free education to two children and other allowances. The blockade was lifted at 3:15 pm after officials assured no legal action would be taken against the protesters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Chatra: The road blockade at Keredari in Hazaribag district was lifted on Tuesday after officials agreed to compensate the family of Vikas Kumar Ram, who died in a road accident involving an NTPC coal-carrying truck. Ram, 30, was killed on Sunday when a hyva truck from NTPC's Keredari coal mining project hit in Pandu village. Local villagers and the deceased's family had blocked the road with the body, disrupting mining operations. Under the settlement, the victim's wife, Kavita Devi, will receive Rs 10 lakh from the state govt and Rs 46.5 lakh from NTPC and its outsourcing companies, BGR and OSL. Additionally, NTPC will provide free education to two children and other allowances. The blockade was lifted at 3:15 pm after officials assured no legal action would be taken against the protesters.
