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BC Technology Group is weighing the sale of its crypto exchange OSL at a valuation of 1 billion Hong Kong dollars ($128 million), according to a report by Bloomberg on Monday.
OSL offers prime brokerage, exchange and custody of crypto assets, as well as infrastructure for financial institutions to offer digital asset trading. BC Technology may elect to sell parts of OSL’s business rather than the whole entity, according to the report, citing people familiar with the matter.
The people added that BC’s deliberations are ongoing and there is guarantee that a deal will come to pass.
BC Technology did not immediately respond to CoinDesk’s request for comment.
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