OSL shares jump 18% after digital asset license approval in Hong Kong

OSL Exchange Stock Price Rises 18% After Digital Asset License Approval in Hong Kong The licensed cryptocurrency exchange in Hong Kong, OSL, witnessed its stock surge 18% to 14.6 HKD on June 25, reaching a one-year peak. The digital asset service license granted to Chinese brokerage Guotai Junan International was the primary driver of this stock value increase. Guotai became the first Chinese brokerage in the region to receive approval for digital asset trading services, with their stock rising over 200% immediately after the announcement. The HSK Token of HashKey - the owner of the licensed exchange in Hong Kong - also increased by more than 50% in today's trading session. Guotai Junan International's Type 1 License Upgrade The Guotai Junan Securities branch of the Guotai Haitong Group was granted an upgraded Type 1 license by the Hong Kong Securities and Futures Commission (SFC), allowing consultation and provision of digital asset trading services. The new license expands the scope to include Bitcoin, Ethereum, stablecoins, and various other digital assets through approved trading platforms. Hong Kong began standardizing the legal framework for cryptocurrencies in June 2023 by implementing digital asset service licensing regulations, requiring all providers to obtain SFC licenses under Anti-Money Laundering and Terrorist Financing laws. The special administrative region has also increased control over stablecoins and Tokenization activities. The number of organizations participating in the cryptocurrency sector in Hong Kong continues to grow, including exchanges, Web 3.0 companies, and brokerages. Currently, approximately 40 brokerage firms have upgraded their licenses to provide cryptocurrency trading services. Strict Standards for Stablecoin Issuers in Hong Kong In May 2025, the Hong Kong Monetary Authority (HKMA) passed the Stablecoin Act, establishing a licensing framework for fiat-pegged stablecoin issuers. Starting August 1, 2025, all organizations issuing fiat-pegged stablecoins must obtain an HKMA license. HKMA emphasized high licensing standards, prioritizing user protection, assessing market capabilities, and focusing on long-term development. In the initial phase, only a few licenses are expected to be granted. The HKMA aims to promote cryptocurrency development sustainably and responsibly, reinforcing Hong Kong's role as an international financial center.