OSL Group faces expansion push after $200m stablecoin funding

OSL Group raised $200m to scale institutional stablecoin trading, payments products, and licensed acquisitions, doubling down on compliance-first digital asset infrastructure.

OSL Group announced Thursday it has closed a $200 million equity financing round to fund expansion of its stablecoin trading and digital payments operations, according to a company disclosure.

The Hong Kong-listed digital asset firm plans to deploy the capital for acquisitions, global market expansion and product development focused on payments and stablecoins, the company stated.

“Beyond strengthening our capital base and diversifying our shareholder structure, these funds will enable us to seize timely opportunities to acquire licensed trading,” Ivan Wong, chief financial officer of OSL Group, said in the disclosure. Wong added the financing reinforces the firm’s compliance-driven global strategy and provides flexibility as new payment use cases emerge.

OSL outlined five priority areas for the new funding: expansion of stablecoin trading services for institutional clients; growth of digital payment operations across global markets; acquisition of licensed trading and payment firms; continued investment in core technology systems; and additional working capital to support daily operations.

The financing comes as digital asset firms with licensed payment capabilities attract increased interest amid tightening regulatory oversight worldwide. Blockchain settlement systems offer faster transaction processing compared to traditional payment infrastructure, according to industry observers.

Earlier this year, OSL completed a prior equity financing round that set a regional record in the cryptocurrency sector, according to the company. Management has positioned stablecoins as a bridge between traditional finance and decentralized finance, focusing on building regulated systems for stablecoin trading and payments.

The firm aims to support compliant movement between fiat and digital currencies while serving enterprises and financial institutions seeking alternative payment options, according to company statements.

Last year, OSL completed the acquisition of Banxa, a Web3 payments provider, strengthening its presence in crypto-enabled payment services. The company also launched OSL BizPay, a business-focused payments product designed for corporate and institutional users.