OSL Secures $300M to Drive Crypto Growth & Stablecoin Push

Digital asset platform OSL Group has successfully raised $300 million in equity financing. This marks the largest publicly disclosed equity raise in Asia’s crypto sector to date, signaling strong investor confidence.

Strategic Growth Initiatives

Announced Friday, OSL Group will allocate the new funds to three key areas:

• Acquisitions: Expanding market presence through strategic acquisitions.
• Global Business Initiatives: Focusing on payments and stablecoin infrastructure development.
• Working Capital: Strengthening its financial foundation to support growth.

This capital raise is a crucial component of OSL’s broader strategy to enhance its international footprint and service offerings.

According to OSL, this investment highlights market recognition of its long-term vision and sustainable crypto business model.

Ivan Wong, CFO of OSL Group, stated, “This US$300 million equity raise marks a major milestone in our journey and reflects strong conviction in OSL’s digital asset strategy and execution.”

Focus on Stablecoin Services

OSL operates licensed platforms providing over-the-counter (OTC) trading, digital asset custody, and wealth management tools for tokenized assets.

As the first exchange licensed by the Hong Kong Monetary Authority (HKMA), OSL is set to capitalize on the region's evolving regulatory landscape by building robust payment and stablecoin services.

Starting August 1, Hong Kong will allow licensed companies to issue stablecoins under the forthcoming Stablecoin Ordinance, establishing a framework for investor protection and risk management.

Global Expansion

OSL is actively expanding its infrastructure across key regions, including Japan, Australia, Europe, and Southeast Asia.

Hong Kong's Approach to Stablecoins

With stablecoins gaining global traction, Hong Kong is becoming a hub for companies seeking licenses under the HKMA’s new regulatory framework.

Bloomberg reported that at least 50 companies are in the process of applying for stablecoin licenses.

However, HKMA Chief Executive Eddie Yue cautioned that many proposals do not meet the central bank’s requirements, citing vague plans and a lack of realistic implementation strategies.

Yue emphasized the need to temper the “euphoria,” warning that violations of stablecoin promotion rules could result in significant fines and imprisonment.

As the crypto landscape evolves, security remains paramount. At Codeum, we offer comprehensive smart contract audits, KYC verification, and custom smart contract development to ensure the safety and reliability of blockchain projects. Partner with us for expert tokenomics and security consultation to secure your digital assets.