Hong Kong-listed digital asset company OSL Group has successfully raised $200 million in equity financing to accelerate the global expansion of its stablecoin trading and payment businesses. According to a company announcement, the capital injection will strengthen OSL's balance sheet and support growth across its regulated digital payment and settlement services.
Chief Financial Officer Ivan Wong stated, "The market has strongly validated OSL Group’s strategic positioning within the stablecoin and payment space. This financing round will allow us to welcome more like-minded strategic and long-term investors."
The proceeds are earmarked for several strategic initiatives. These include strategic acquisitions, international expansion in payments and stablecoins, and further investment in product development and technology infrastructure. A portion of the funds will also be allocated to general working capital as OSL scales its operations across multiple jurisdictions.
This latest raise follows OSL's record $300 million equity financing in July 2025, which was the largest publicly disclosed equity raise in Asia's crypto sector at the time. OSL operates licensed platforms offering OTC trading, digital asset custody, and tokenized wealth management, and was the first exchange licensed by the Hong Kong Monetary Authority.
The company has been actively building its stablecoin and payments ecosystem. In 2025, it completed the acquisition of Web3 payments company Banxa and rolled out OSL BizPay, a B2B payment platform for corporate and institutional clients. OSL has also launched its own compliant, US dollar-backed stablecoin, USDGO, which it aims to position as the core of a global payment network connecting banks, businesses, and crypto users.
OSL's expansion push comes amid growing global interest in fiat-backed stablecoins. The news coincides with other major stablecoin developments, including the launch of USDU by Abu Dhabi's Universal Digital (the first USD-backed stablecoin registered by the UAE Central Bank) and Tether's launch of USAt, a USD-pegged stablecoin for the American market issued by Anchorage Digital Bank.
The company emphasizes regulatory compliance as its key competitive advantage, operating under Hong Kong's rules and partnering with licensed entities. It aims to grow in regions where regulators permit the supervised use of stablecoins, citing strong demand from corporate clients for stable and fast payment tools.
