OSL Group raises $300M for global expansion and stablecoins

Hong Kong-based digital asset firm OSL Group has secured $300 million in equity financing to support its international growth and stablecoin initiatives.

In a filing with the Hong Kong Stock Exchange, OSL confirmed an equity purchase agreement to raise approximately HK$2,355 million, equivalent to $300 million USD.

The company plans to deploy the funds toward strategic acquisitions and expanding its global footprint, particularly in regulated payment infrastructure and access points for digital assets.

OSL also aims to develop payment solutions integrating fiat currencies, stablecoins, and major cryptocurrencies, aligned with the upcoming stablecoin licensing regime in Hong Kong taking effect on 1 August 2025.

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

The firm recently acquired Evergreen Crest, an Indonesian cryptocurrency exchange operator, in a $15 million deal as part of its Southeast Asia expansion.

In February 2025, OSL completed its purchase of Japanese crypto exchange CoinBest, rebranding it as OSL Japan to solidify its presence in the region.

Despite a 7.4% decline in OSL’s stock price on the Hong Kong market on Friday, the stock has increased 14% over the last month and doubled (104%) year-to-date, reflecting growing investor interest.

The new funding round equips OSL to accelerate its push into regulated payment infrastructures globally, leveraging Hong Kong’s stablecoin licensing framework to integrate digital and fiat currencies.

Industry observers note that OSL’s strategy coincides with global trends where regulatory clarity around stablecoins is prompting firms to prioritise compliance and innovation.

This capital injection will likely enable OSL to enhance technological capabilities, foster cross-border payment solutions, and capture emerging market opportunities in digital finance.