OSL Group (863.HK), a Hong Kong-based digital asset platform, has announced its annual results for 2025, revealing a dramatic 150.1% year-over-year increase in core operating income to HK$534 million. The company's total income also reached a record high of HK$489 million, up 30.4%, driven by a strategic transformation into a global stablecoin payment and trading platform.
The financial results underscore a major shift in the company's business model. Total platform trading volume skyrocketed to HK$201.22 billion, a 200.7% increase, with stablecoin trading now constituting a dominant 60% of all volume. This pivot has also reshaped the company's geographic revenue mix, with overseas markets contributing 67% of total income, compared to 33% from Hong Kong.
CEO Kevin Cui framed the results as capturing a "once-in-a-generation opportunity" as the global financial system moves toward stablecoin-based infrastructure. The company's mission, he stated, is to "make money move as freely as information" by building next-generation financial market infrastructure.
The strategic transformation is backed by a significant compliance push. OSL Group now holds over 50 licenses and registrations across more than 11 jurisdictions, evolving from Hong Kong's first SFC-licensed digital asset exchange to a multi-country compliant platform. In 2025, the company launched several key products, including OSL BizPay for enterprise stablecoin payments.
Further expansion continued into early 2026 with the completed acquisition of Web3 payment provider Banxa in January, the launch of the USDGO compliant enterprise stablecoin in February, and the introduction of the OSL StableHub trading hub. The company is also investing in AI technology to explore "Agentic Payments" to scale transaction volumes. While these investments contributed to a net loss for 2025, OSL is focused on optimizing operations for future growth.
