ZA International announced today that it has entered into a mutual collaboration agreement with BC Technology Group, parent company of OSL Digital Securities, the world’s first and only listed, Big-Four audited and Securities and Futures Commission (SFC)-licensed digital asset platform.
The collaboration will see OSL become the exclusive digital asset trading partner to ZA International and support its first digital asset transactions. OSL will also leverage ZA International’s advanced and proprietary technologies in areas such as facial recognition and machine learning to enhance the user experience of its trading platform.
ZA International President Wayne Xu said: “The digital asset industry presents a thriving future, and fintech companies are well positioned to promote the universal application of digital assets in Hong Kong through capitalising on their technological advantages. As Asia’s leading fintech and insurtech company, ZA International aspires to be a first mover in the digital asset market, thereby offering an inspiration to the local financial services sector and even the broader fintech space.”
Xu continued: “We are honoured to partner with OSL to expand Asia’s digital asset ecosystem. To gain insights from industry updates and trends, it is critical for us to partner with a licensed trading platform which is safe and reliable. The OSL platform utilises a modular interface, enabling institutional investors and professional investors to trade under a protection mechanism. It is indeed the best trading platform for us to tap into the digital asset industry.”
BC Group CEO Hugh Madden said: “Our institutional grade security, transparency and client protection under the SFC’s innovative framework are helping even the most heavily regulated financial institutions and investors enter the digital asset economy. We look forward to working with our partner ZA International, and providing the first regulated digital asset trading experience as they enter this space.”
ZA International is a leading fintech and insurtech company in Asia, leveraging its rich experience and insight into digital trends to innovate products which cater for customers’ needs.
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BC Technology Group
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About ZA International
ZhongAn Technologies International Group Limited (‘ZA International’) was established in Hong Kong in December 2017 by ZhongAn Online P & C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the areas of fintech and insurtech in overseas markets. In August 2018, ZA International and SoftBank Vision Fund announced cooperation to boost ZhongAn’s technology solutions businesses outside China, with an initial focus on Asia. In January 2019, ZA International and Grab, Southeast Asia’s leading online-to-offline mobile platform, announced the establishment of a joint venture to enter the digital insurance distribution business in the region.
On 24 March 2020, ZA Bank, a subsidiary of ZA International, officially debuted as Hong Kong’s first virtual bank, providing local customers with new product and service experience. On 4 May 2020, ZA Life Limited, a joint venture of ZA International and Fubon Life Insurance (Hong Kong) Company Limited, obtained a virtual insurer license from the Hong Kong Insurance Authority under its Fast Track pilot scheme. It serves the needs of different people with innovative insurance products and services under the trade name ‘ZA Insure’.
About BC Technology Group and OSL
BC Technology Group (stock code: HK 863) is Asia’s leading digital asset company. It is the parent company of OSL, the region’s most comprehensive licensed digital asset platform.
OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing brokerage, custody, exchange and SaaS services for institutional clients and professional investors.The company offers OTC, iRFQ and electronic trading services giving traders access to the world’s deepest liquidity pools, as well as secure and insured wallets to ensure the safekeeping of digital assets with timely transaction settlement.
BC Group and the OSL platform are enabling institutional adoption of the digital asset class, setting standards for performance, security and compliance.