MoneyHero and OSL Team Up to Bring Digital Asset Investments to Hong Kong
- OSL Group partners with MoneyHero to expand digital asset access in Hong Kong, enabling consumers to explore new investment options through licensed platforms.
- The partnership leverages MoneyHero’s strong fintech network in Southeast Asia, including brands like SingSaver and RinggitPlus, to drive adoption of digital finance solutions in the region.
OSL Group Limited, a digital asset platform, has partnered with MoneyHero Limited, a company that assists consumers in Southeast Asia with online insurance purchases and financial product comparisons.
This partnership enables MoneyHero to offer Hong Kong consumers additional digital asset investment choices.
On the 8th of June, MoneyHero said in a press release that it is working with Hong Kong-licensed businesses to launch new digital asset services. This is an important milestone as the company expands its financial products in Hong Kong.
The objective is to assist in enhancing the city's residents' economic well-being. People in Hong Kong are becoming more and more interested in digital assets as they look for different ways to handle their money.
8% of Hong Kong's regular investors made investments in virtual assets and associated goods in 2023, according to data from the Investor and Financial Education Council (IFEC), which is a division of the SFC. That's a significant increase from just 1% in 2019.
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“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,” said Rohith Murthy, Chief Executive Officer of MoneyHero.
Its brands include business-oriented platform Creatory and consumer-focused platforms MoneyHero, SingSaver, Money101, Moneymax, and Seedly.
Additionally, the business has stock in Jirnexu Pte. Ltd., a fintech business based in Malaysia that runs RinggitPlus, the country's biggest consumer platform.
This partnership promotes better financial decision-making for customers by highlighting Hong Kong's position as a global center for regulated digital asset services.
Edited by Harshajit Sarmah
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