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Hong Kong-based crypto exchange BGX invests $90 million in digital asset innovation

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BGX, a regulated cryptocurrency services provider in Hong Kong, is set to make a strategic investment of $90 million in BC Technology Group, the only publicly listed company in Hong Kong dealing with digital assets. The investment aims to foster digital asset innovation and aligns with OSL, BC Technology Group's subsidiary, leading the regulatory evolution in Hong Kong's digital asset sector. The partnership seeks to enhance BGX's global presence and contribute to the growth of the digital asset industry. The transaction is contingent on shareholder approval. BGX's CEO, Patrick Pan, emphasizes the significant investment as a testament to the vast potential of the digital asset realm in the country. BC Technology Group's CEO, Hugh Madden, highlights the partnership's importance in enhancing financial prospects and fostering innovation in compliance with regulations.