One of Hong Kong’s two licensed crypto exchanges, OSL, finalizes the first tokenized warrant transaction with UBS.
OSL Digital Securities has completed the first transaction involving the UBS pilot investment-grade tokenized warrant in Hong Kong, the company said in a press release. According to the announcement, the pilot featured an equity-linked call warrant token issued on the Ethereum blockchain by UBS to OSL.
“We are simulating the whole product life cycle of an equity-linked structured product token, from token mint, through simulated secondary market transactions, and finally to token burn at maturity.”
Patrick Pan, Chairman and CEO at OSL Group.
Commenting on the transaction, Winni Cheuk, head of sales at UBS Global Markets, said that blockchain-issued warrants enhance transparency as well as reduce transaction fees, allowing for “more flexible trading hours.”
Pan added that both companies are planning to…
