Hong Kong-based OSL Group has secured $300 million in equity financing to support its global expansion.
In a filing with the Hong Kong Stock Exchange, OSL said that it has entered into an equity purchase agreement to raise approximately HK$2,355 million ($300 million).
The company said it plans to use the proceeds to fuel global expansion through strategic acquisitions. OSL also intends to use the newly raised capital for the development of payment initiatives that integrate fiat currencies, stablecoins, and major cryptocurrencies.
“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, chief financial officer of OSL Group. “The funding will accelerate our global buildout — particularly in regulated payment infrastructure and access points.”
OSL’s latest funding move comes as Hong Kong’s new stablecoin licensing regime is expected to take effect on Aug. 1. The upcoming framework mandates licensing from the Hong Kong Monetary Authority for issuers of fiat-referenced stablecoins.
Global expansion appears to be at the forefront of OSL’s agenda. Last month, OSL announced a $15 million deal to acquire Evergreen Crest, the operator of a cryptocurrency exchange in Indonesia. In February, the company completed its acquisition of the Japanese crypto exchange CoinBest and renamed it OSL Japan.
OSL’s stock fell 7.4% in Hong Kong as of Friday, according to Yahoo Finance data, with the market still open. The stock, however, has risen 14% over the past month and 104% year-to-date.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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