Grafa logo

OSL Group raises $200M to expand payments business

Written by Jon CuthbertPublished Jan. 29 2026

Share

OSL Group has raised $200 million in equity financing as it accelerates global expansion of its stablecoin trading and digital payments operations.

The Hong Kong-listed digital asset firm said the funding strengthens its balance sheet and supports growth across regulated payment and settlement services.

The capital raise was disclosed in a Thursday announcement as OSL outlined plans to scale operations across multiple jurisdictions.

The market has strongly validated OSL Group’s strategic positioning within the stablecoin and payment space.

Ivan Wong said.

This financing round will allow us to welcome more like-minded strategic and long-term investors.

He added.

OSL said proceeds from the funding will be directed towards acquisitions, international expansion and deeper investment in product development.

Additional funds will be allocated to technology infrastructure to support higher transaction volumes and institutional-grade services.

The company also plans to use part of the capital for general working capital as it broadens its operational footprint.

OSL’s latest raise follows a $300 million equity financing round completed in July 2025, which was the largest publicly disclosed crypto equity raise in Asia at the time.

The firm operates licensed platforms covering OTC trading, digital asset custody and tokenised wealth management services.

OSL was the first digital asset exchange to receive a licence from the Hong Kong Monetary Authority.

In 2025, the group repositioned itself as a compliance-focused, institution-led player in digital payments and settlement.

This strategy included the acquisition of Banxa as part of efforts to deepen regulated fiat and crypto payment rails.

OSL also launched OSL BizPay, a business-to-business payments platform designed for corporate and institutional clients.

The company further expanded its stablecoin offerings with the introduction of USDGO, a US dollar-backed stablecoin.

OSL’s expansion comes as global interest in fiat-backed stablecoins continues to increase among institutions and regulators.

Abu Dhabi-based Universal Digital recently launched USDU, the first US dollar-backed stablecoin registered under the UAE’s Payment Token Services Regulation.

The launch reflects growing regulatory clarity for stablecoin issuance in key financial hubs.

Tether also introduced USAt, a US dollar-pegged stablecoin built specifically for the American market.

USAt is issued by Anchorage Digital Bank and positioned as a federally regulated stablecoin compliant with the US GENIUS Act.

The stablecoin launched with an initial $10 million supply on Ethereum and has been listed across major platforms.

At the time of reporting, Ethereum price was $2,925.97.