**OSL Digital Asset Platform Sees Revenue Surge and Reduced Operating Loss**

IconCryptoNewsTerminal Staff15 Aug, 2024

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**OSL Digital Asset Platform Sees Revenue Surge and Reduced Operating Loss**

Digital asset and fintech company BC Technology Group (00863.HK) has released its interim results for 2024, reporting strong growth for its subsidiary OSL digital asset platform. OSL's revenue increased by 17.7% year-over-year to HK$123 million, up from HK$105 million during the same period in 2023. Notably, OSL's operating loss narrowed significantly by 90.2% to HK$9.6 million, compared to HK$98.9 million in the corresponding period of the previous year. This improvement demonstrates the platform's enhanced operational efficiency and cost management. As of June 30, 2024, OSL held HK$258 million worth of digital assets, including cryptocurrencies, reflecting its commitment to safeguarding customers' assets. The platform's continued growth and financial performance underscore its position as a leading digital asset provider in the rapidly evolving fintech landscape.

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