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Hong Kong-Listed BC Group Raises $90M as Institutional Crypto Demand Soars in Asia

The offering represents 13% of the company's issued share capital.

Автор Ian Allison
Обновлено 9 мая 2023 г., 3:14 a.m. Опубликовано 6 янв. 2021 г., 10:23 a.m. Переведено ИИ
Hong Kong
Hong Kong

Hong Kong Stock Exchange-listed BC Technology Group, the parent company of regulated crypto platform OSL, has raised HKD697 million (approximately US$90 million) in the form of a top-up share placement.

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Morgan Stanley was appointed as the sole placing agent of some 45,000,000 placing shares owned by the firm, representing approximately 13% of BC Group’s issued share capital.

2020 was a busy year for OSL, an institution-focused digital asset platform based in Hong Kong, providing prime brokerage, custody, exchange and software-as-a-service (SaaS). The company attained regulatory approval to offer crypto services from the Hong Kong regulator, the Securities and Futures Commission (SFC), and also said it was providing technology to Singapore’s DBS bank, which announced its entrance into the digital asset space last month.

BC Group CEO Hugh Madden said the raised funds will help meet rocketing institutional trading demand and bolster its software-as-a-service business.

“We've been quite successful with our institutional software as a service business,” said Madden in an interview. “Additionally, we need to bolster our financial reserves under our licensing arrangements, which is similar to capital adequacy in the banking world. This allows us to continue to scale, as this new institutional business flow really starts to flood in.”

BC Group has also earned its regulatory standing thanks to having been a driving force behind the Travel Rule Protocol (TRP), a Financial Action Task Force (FATF) “Travel Rule” solution for crypto led by Dutch lender ING and Standard Chartered Bank, and including Fidelity Digital assets and BitGo.

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Protocol Research: GoPlus Security

GP Basic Image

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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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BlackRock expands crypto bet with 7 senior hires across U.S. and Asia

The BlackRock company logo is seen outside of its NYC headquarters. (Photo by Michael M. Santiago/Getty Images)

The $10 trillion asset manager is staffing up to scale digital asset ETFs, pursue tokenization and identify "first-mover big bets" in Asia.

Что нужно знать:

  • BlackRock is hiring seven senior digital asset roles, including one in Singapore, to expand its crypto and blockchain strategy.
  • One U.S.-based role will help grow the iShares digital asset ETF lineup, including the $70 billion iShares Bitcoin Trust (IBIT), and develop new crypto-linked products.
  • The Singapore role will lead BlackRock’s digital asset push across Asia, with a focus on long-term strategy and identifying first-mover opportunities.