OSL

OSL Transacts First Investment-grade Tokenised Warrant by UBS In Hong Kong

Retrieved on: 
Friday, February 9, 2024
Ethereum, OSL, Growth, Burn, Digital, Environment, UBS, Blockchain, UBS AG, Cryptocurrency

HONG KONG, Feb. 09, 2024 (GLOBE NEWSWIRE) -- OSL Digital Securities (“OSL”), the digital asset platform of OSL Group (formerly BC Technology Group) (863.HK) - Hong Kong’s only publicly listed company fully dedicated to digital assets, proudly announces participation in UBS’s pilot investment-grade tokenised warrant and simulated product life cycle in Hong Kong - featuring an equity-linked call warrant token issued on the Ethereum-based public blockchain by UBS AG to OSL.

Key Points: 
  • HONG KONG, Feb. 09, 2024 (GLOBE NEWSWIRE) -- OSL Digital Securities (“OSL”), the digital asset platform of OSL Group (formerly BC Technology Group) (863.HK) - Hong Kong’s only publicly listed company fully dedicated to digital assets, proudly announces participation in UBS’s pilot investment-grade tokenised warrant and simulated product life cycle in Hong Kong - featuring an equity-linked call warrant token issued on the Ethereum-based public blockchain by UBS AG to OSL.
  • This groundbreaking initiative can revolutionise the digital asset landscape in Hong Kong.
  • OSL, known for its dedication to setting global standards for innovation, performance, security, and compliance, is partnering with UBS to introduce the first investment-grade tokenised warrant and simulate the product life cycle in the region.
  • “OSL is proud to be working with the team of blockchain and product experts at UBS.

OSL's New Era: Visionary Global Expansion and Strategic Realignment for 2024

Retrieved on: 
Wednesday, January 17, 2024
Bitcoin, Policy, Service innovation, OSL, B2B, RWA, Security (finance), Cryptocurrency

OSL eagerly anticipates executing a fresh vision with a newly assembled team of experts, including a CEO appointment.

Key Points: 
  • OSL eagerly anticipates executing a fresh vision with a newly assembled team of experts, including a CEO appointment.
  • With the appointment of Patrick Pan as CEO, OSL looks to the future with renewed vision and determination.
  • The synergy between our revitalised team and global strategy places OSL at the vanguard of setting industry standards," Pan addressed.
  • OSL's blueprint for 2024 revolves around four strategic pillars: Geographic Expansion, Service Innovation, Digital Finance Synergy, and Unwavering Compliance.

Institutional Crypto Brokerage Nonco Secures $10m of aggregate new capital in Seed Round, Led by Valor Capital Group and Hack VC

Retrieved on: 
Monday, December 11, 2023
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Asset Management, Digital Cash Management, Digital Assets, Theta, RBS, Comptroller, Entrepreneurship, Bastion, Partner, O'Melveny & Myers, BTG, OSL, CMCC, Prime brokerage, Currency, Growth, Knowledge, Merrill (company), Bain Capital Ventures

Nonco, an institutional digital asset brokerage firm, announced the close of its seed round today, in which it received a total of $10m of aggregate new capital.

Key Points: 
  • Nonco, an institutional digital asset brokerage firm, announced the close of its seed round today, in which it received a total of $10m of aggregate new capital.
  • The seed round was a combination of equity and convertible notes, the round was led by Valor Capital Group and Hack VC.
  • The capital will be used by Nonco to continue its growth and serve the Americas growing institutional demand.
  • Fernando Martinez, CEO of Nonco, said: “We want to make a statement, and it begins with our name, Nonco, derived from 'nonconformist.'

Interactive Brokers Expands Cryptocurrency Trading to Retail Investors in Hong Kong

Retrieved on: 
Tuesday, November 28, 2023
Professional Services, Cryptocurrency, Finance, Fintech, Asset Management, Banking, Bitcoin, Ethereum, Interactive Brokers, ETH, IBKR, ETF, Digital security, OSL, Digital, BTC, SFC, Hong Kong

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, is now the first SFC-licensed securities broker to be approved to allow retail clients to trade cryptocurrencies in Hong Kong.

Key Points: 
  • Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, is now the first SFC-licensed securities broker to be approved to allow retail clients to trade cryptocurrencies in Hong Kong.
  • Cryptocurrency trading for eligible clients of Interactive Brokers Hong Kong allows investors to transact and manage their portfolio through a single platform that provides a unified view.
  • Interactive Brokers launched cryptocurrency trading in Hong Kong in collaboration with OSL Digital Securities, Hong Kong's first SFC-licensed digital asset trading platform.
  • Interactive Brokers previously introduced cryptocurrency trading for eligible Professional Investor clients of Interactive Brokers Hong Kong on February 14, 2023.

StateHouse Issues Consideration for Increased Interest In Haight-Ashbury Dispensary

Retrieved on: 
Wednesday, November 1, 2023
Holiday, Grassland, Statehouse, OSL, Cross, Acquisition, CSE, FGW, Organic, Good, Agreement, Patient, Golden Gate Park, SAN, Drug

The FGW Acquisition has increased the Company's interest in Harborside San Francisco to 80%.

Key Points: 
  • The FGW Acquisition has increased the Company's interest in Harborside San Francisco to 80%.
  • “We are thrilled to consolidate our ownership in Harborside San Francisco and cement our position as the leading operator in Northern California,” said Ed Schmults, Chief Executive Officer of StateHouse.
  • “The Haight-Ashbury district is an iconic area and an integral piece of San Francisco’s culture that is frequented by tourists and locals alike.
  • Pursuant to the Agreement, StateHouse has issued 1,170,584 common shares in the Company at a price of US $1.50 per share in consideration for the remaining ownership interest.

AM Best Revises Outlooks to Negative for Everen Specialty Ltd. and Affiliate

Retrieved on: 
Friday, October 20, 2023
Insurance, Professional Services, AM Best, Good, Credit, OSL, News, AM, Growth, Risk management, ALL

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Everen Specialty Ltd. (Everen Specialty) and its affiliate, OCIL Specialty Ltd (OSL).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Everen Specialty Ltd. (Everen Specialty) and its affiliate, OCIL Specialty Ltd (OSL).
  • Concurrently, AM Best has revised the outlook to negative from stable and affirmed the Long-Term Issue Credit Rating of “bbb” (Good) on the $200 million, 8.00% deferrable subordinated debentures, due 2034 of Everen Specialty.
  • These Credit Ratings (ratings) reflect Everen Specialty’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management.
  • Negative rating actions could result from a continued reduction in Everen Specialty’s risk-adjusted capitalization.

Code Ocean Introduces New Offering for Academic Research Labs

Retrieved on: 
Wednesday, October 18, 2023
Cloud, Science, Social, Research, MIT, Data analysis, Publishing, Computational science, Allen Institute, Mathematics, GCP, OSL, London School of Economics, Google Cloud Platform, Amazon Web Services, Maintenance, Harvard University, Engineering, Enterprise, ETH Zurich, IEEE, University, Biology, Princeton University, Physics, Stanford University, AWS, Chemistry, Book, Management, Elsevier, Economics, Nature

NEW YORK, Oct. 18, 2023 /PRNewswire-PRWeb/ -- Code Ocean, the world's first Reproducible Research Cloud, today introduced a new academic offering, exclusively available to university research labs. With deeper support and more robust capabilities, the new Code Ocean Academic Lab Offering includes the ability to not only publish, but also to build upon work that has been previously published by other institutions and teams.

Key Points: 
  • NEW YORK, Oct. 18, 2023 /PRNewswire-PRWeb/ -- Code Ocean , the world's first Reproducible Research Cloud, today introduced a new academic offering, exclusively available to university research labs.
  • "Code Ocean is now making many of the features that were previously associated only with our enterprise platform available to university academic labs free of charge, in order to support better collaboration within the research sector," said Simon Adar, Co-founder and CEO, Code Ocean.
  • With its new academic offering, Code Ocean is extending its support for academia beyond its existing Open Science Library by providing the very first complete system of record for reproducible science to the academic community.
  • The Code Ocean Academic offering is free of charge for academic labs to self-install and maintain with available online documentation.

Operational Solutions Ltd announces acquisition of Nexus Nine Ltd

Retrieved on: 
Tuesday, October 3, 2023
Nexus, Aircraft, Partnership, CAA, UAS, C-UAS, Acquisition, OSL, Civil aviation authority, Safety, Retail, Management

This strategic acquisition marks a significant milestone in OSL's commitment to enhancing its capabilities and delivering cutting-edge solutions in the field of counter-drone technology.

Key Points: 
  • This strategic acquisition marks a significant milestone in OSL's commitment to enhancing its capabilities and delivering cutting-edge solutions in the field of counter-drone technology.
  • Mark Legh-Smith, CEO of Operational Solutions Ltd, added, "The acquisition of Nexus Nine marks a significant step in OSL's journey to provide innovative solutions that protect critical infrastructure and ensure the responsible use of UAS technology.
  • The acquisition of Nexus Nine by Operational Solutions signifies a promising future for both organisations, one that will lead to the development of groundbreaking technologies and services in the realm of uncrewed aircraft operations.
  • OSL remains committed to delivering excellence in drone detection and security solutions to its clients, and this acquisition strengthens that commitment.

BitValue Capital Drives Hong Kong's Web3 Development: Fostering Innovation and Supporting Startups in the Global Hub of Finance and Technology

Retrieved on: 
Monday, June 19, 2023
Cloud, Blockchain, DAO, Communication, IDO, NFT, BSCS, CIP, Decentralized application, Sequoia, Marketing, Incubator, Internet, API, Merge, Alibaba Cloud, Decentralized finance, Creation, System Support Program, ZhenFund, Social media, EVM, Executive Committee, RACA, OSL, Matrix, Ecosystem, Research, Coinbase, Beacon, Tutoring, Cryptocurrency, Vaccine, Medical device, Block, Web3, Metaverse, Discord, Cyberport

Toronto, Ontario, Canada, June 19, 2023 (GLOBE NEWSWIRE) -- Hong Kong is one of the largest financial centers in Asia and a leading global hub for technology innovation.

Key Points: 
  • Toronto, Ontario, Canada, June 19, 2023 (GLOBE NEWSWIRE) -- Hong Kong is one of the largest financial centers in Asia and a leading global hub for technology innovation.
  • The event, organized by BitValue Capital, aimed to promote international communication and collaboration in blockchain technology, enhance understanding and awareness of blockchain technology.
  • To further promote the healthy and sustainable innovation of Web3.0 globally, BitValue Capital announced its $100 million Web3.0 venture capital fund last year.
  • - Local company registration and regulatory compliance to ensure that our incubators are operating legally and efficiently in Hong Kong.

GBank Financial Holdings Inc Announces First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, April 25, 2023
Insurance, Federal Reserve Bank of St. Louis, Marketing, Current Expected Credit Losses, Telephone, Fintech, GAAP, Interest, Internet, The Company, Credit card, SBA, Sport, ZOOM, Federal Reserve Bank, ASC, Smartphone, PST, Federal Reserve, OSL, Growth, ASU, ACL, Small Business Administration, Uncertainty, Common stock, The Wall Street Journal, BankCard Services, COVID-19, OTC Markets Group, FDIC, ID, Government, Bank, PPA, Resorts World, Press release, Note, Partnership, Federal, Sale, PPP, Regulation, Zoom, Small business, PIMS, BCS, Video game, Music, Airline, Lithium, Cryptocurrency, Automotive industry, Casino, Public utility, Self storage, Real estate, Security (finance), Mobile phone, Sightline (architecture)

Gain on sale of loans decreased $3.0 million, or 58%, when comparing the quarter ended March 31, 2023, to the same quarter in 2022.

Key Points: 
  • Gain on sale of loans decreased $3.0 million, or 58%, when comparing the quarter ended March 31, 2023, to the same quarter in 2022.
  • Net interest margin for the Bank for the quarter ended March 31, 2023, was 6.08%, compared to 3.12% for the quarter ended March 31, 2022.
  • Salaries and other compensation expenses increased $818 thousand, or 18%, for the quarter ended March 31, 2023, compared to the prior linked quarter.
  • The Bank had no charge-offs or recoveries during the first quarter of 2023 or during the preceding linked quarter.