OSL chairman of the board and CEO Patrick Pan said in a statement that the approval of the crypto ETFs in Hong Kong is seen as a “major enhancement” for the country’s financial economy.
A bank is a financial institution engaged in lending activities, which can be performed either directly or indirectly through capital markets. Banks are strictly regulated in most countries, due to their importance for a country’s financial stability. Banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.
OSL chairman of the board and CEO Patrick Pan said in a statement that the approval of the crypto ETFs in Hong Kong is seen as a “major enhancement” for the country’s financial economy.
This substantial investment in the digital asset is about 30% of the company’s current market capitalization.
Cardano’s robust smart contracts and ample data storage capacity provide an efficient supply chain tracking solution, enhancement, visibility, transparency, and accountability.