RD Technologies Group and OSL to Collaborate on Customer Due Diligence (CDD) System
(Hong Kong, 27 June 2023) RD Technologies Group (“RD Technologies”) and OSL, the first virtual asset service provider (VASP) licenced by the Securities and Futures Commission (SFC) in Hong Kong, jointly announced today that they have entered a collaboration agreement.
The two companies will explore the use of RD Technologies Group’s digital Corporate ID solution, RD ezLink, to enhance customer due diligence efficiency and customer experience for OSL’s corporate customers.
The collaboration is not only a strategic move by the two Fintech innovators but also a practical demonstration of the increased vibrancy of the Fintech market in Hong Kong following the HKSAR Government’s policy commitment to embrace and support the development of the digital assets markets and Web3.0.
OSL, the revolutionary digital asset platform, is transforming the way institutions and investors manage their digital assets. Backed by BC Technology Group (863.HK), Asia's leading fintech company, OSL offers a comprehensive range of services including brokerage, custody, exchange, and SaaS. OSL also provides traders with unparalleled access to one of the world’s deepest and regulated liquidity pools. With a strong emphasis on security, OSL ensures the protection of assets through secure and insured wallets.
RD ezLink, the first digital Corporate ID issuance platform in Asia, provides corporate identity verification services for businesses registered in Hong Kong and overseas. The collaboration between RD ezLink and OSL would enable the latter to meet the regulatory requirements regarding corporate customer due diligence in a fast and efficient manner. An RD ezLink verified digital Corporate ID, in compliance with high regulatory standards, is an essential key to open the gate for businesses wishing to participate and operate effectively in the Web3.0 ecosystem.
Gary Tiu, Executive Director & Head of Regulatory Affairs of OSL, commented, “We have been a strong supporter of the local digital asset industry and we are keen to be working with different partners to contribute to the development of a world-class regulated and secure local digital asset ecosystem. We are thrilled to work with RD Technologies, we help our clients unlock more opportunities investing in the regulated digital asset universe.”
Norman Chan, Chairman of RD Technologies, said “RD Technologies is very pleased to collaborate with OSL, which is a strategic move between two Fintech innovators. This partnership is also a practical demonstration of the increased vibrancy of the digital assets market and the Fintech industry in response to the embracement by the HKSAR Government of the development of the digital assets and Web 3.0 ecosystem in Hong Kong.”
Photo caption (from left):
Gary Tiu, Executive Director & Head of Regulatory Affairs, OSL
Ken Lo, Deputy Chairman, OSL
Daniel Tian, Chief Executive Officer, RD Technologies
SK Lee, Chief Commercial Officer, RD Technologies
About RD Technologies
RD Technologies deploys innovative fintech to build a business world interconnected by trust. Based in Hong Kong, the global crossroad of capital and goods, RD Technologies was born out of a mission to make things easier and cheaper for businesses in their cross-border payments and access to financial services with our unique RD ezLink and RD Wallet services.
Developed by RD ezLink Limited, a member of RD Technologies Group, RD ezLink is an innovative platform featuring fully digitised corporate identity verification and data analytics capabilities. In partnership with banks and financial institutions, RD ezLink aims to promote financial inclusion by elevating the customer experience in accessing financial services and in raising the cost-effectiveness of financial institutions in doing businesses while meeting the regulatory KYC requirement.
A member of RD Technologies Group, RD Wallet Technologies Limited holds the Stored Value Facility Licence granted by the Hong Kong Monetary Authority (SVF0016). RD Wallet enables businesses to make secure, fast, and efficient payments in multiple currencies 24/7, while Round Dollar (RDU), an innovative unit of account that comprises of Renminbi, Japanese Yen, and Hong Kong Dollar, helps businesses manage foreign exchange risks more effectively.
For details: https://rd.group
About OSL and BC Technology Group
Backed by Asia’s leading public fintech and digital asset company, BC Technology Group (863.HK), OSL is the world’s first SFC-licensed and insured digital asset platform. Founded in 2018, OSL has an established history in the sector and is recognised by many as the leader in providing comprehensive regulated and licensed digital asset solutions.
OSL offers Markets services (brokerage, exchange, and custody) and SaaS technology solutions, which deliver institutional clients and professional investors access to the best-in-class virtual asset platform, in addition to one of the world’s deepest and regulated liquidity pools. OSL’s secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.
As the digital asset industry continues to evolve, so do we. Our simple and tailored approach compliantly navigates international clients through the evolving digital assets environment.