OSL Group to Launch Stablecoin Payment Services in Australia

Hong Kong-listed digital asset platform OSL Group will launch stablecoin payment services for wholesale clients in Australia, the company announced today.

The expansion follows what OSL described as "encouraging developments" in Australia's regulatory environment for digital asset products and services. The company said it will commence operations shortly, marking the latest step in its global payment infrastructure buildout.

OSL Group, which trades on the Hong Kong Stock Exchange under ticker 863, positions itself as Asia's leading stablecoin trading and payment infrastructure platform. The firm is licensed by Hong Kong's Securities and Futures Commission to operate a virtual asset trading platform.

"We're expanding our payment network — Australia now in scope," the company said on X. "Another step forward in building compliant, global digital-asset payment rails."

The Australia launch aligns with OSL's broader international expansion strategy and payment business roadmap. The company said it remains committed to expanding its payment capabilities to deliver efficient and compliant global digital asset payment solutions.

Australia has taken steps to establish regulatory frameworks for digital assets. Earlier this year, the Australian government proposed licensing requirements for crypto service providers and introduced plans for regulating stablecoins as part of broader efforts to integrate digital assets into the financial system.

OSL's payment services will initially target wholesale clients rather than retail users. The company did not specify which stablecoins would be supported or provide a timeline for the service launch beyond indicating it would commence "shortly."

The expansion comes as institutional demand for stablecoin payment rails grows globally, with companies seeking faster cross-border settlement and treasury efficiency through dollar-pegged digital currencies.