In this undated photo, visitors walk past the stand of Fidelity International at a software and information service exhibition in Dalian, Liaoning province. (PHOTO PROVIDED TO CHINA DAILY)

Fidelity International has acquired a HK$110.5 million (US$14.2 million) stake in the operator of OSL, one of Asia’s biggest digital-asset platforms for professional investors.

The investment is part of a larger US$36m share placement by BC Group at the end of January. BC Group shares have slipped 7.6% so far this year

The investment manager acquired 17 million shares of BC Technology Group Ltd for an average price per share of HK$6.50 as of Feb 12, according to a Hong Kong stock exchange filing. The acquisition makes Fidelity a substantial shareholder with a 5.6 percent position.

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The investment is part of a larger US$36 million share placement by BC Group at the end of January. BC Group shares have slipped 7.6 percent so far this year.

“We’re excited to see that world-class equity investors are increasingly participating in the fast-growing digital asset sector, and we look forward to reaching new milestones with our industry-leading institutional investors,” Hugh Madden, CEO of BC Group, said in an email.

Stephanie Chui, a Fidelity spokeswoman, declined to comment.