OSL Group, a Hong Kong-based digital asset platform, has successfully raised $300 million in equity funding, making it the largest publicly disclosed raise in Asia’s crypto industry to date. The firm will use the capital to scale its stablecoin infrastructure, support global expansion, and boost strategic acquisitions.
$300M Raise Signals Market Confidence
In a statement on July 25, OSL called the raise a “major milestone”, signaling growing market trust in its long-term crypto strategy. According to CFO Ivan Wong:
“This US$300 million equity raise marks a major milestone in our journey and reflects strong conviction in OSL’s digital asset strategy and execution.”
The company aims to deploy the funds across three key growth areas:
- Building stablecoin and crypto payment infrastructure
- Supporting international expansion in markets like Japan, Europe, and Southeast Asia
- Enhancing liquidity and working capital reserves
Stablecoin Plans Aligned with Hong Kong Regulation
As Hong Kong prepares to allow licensed stablecoin issuers from August 1, OSL’s timing is strategic. The city’s new Stablecoin Ordinance, led by the Hong Kong Monetary Authority (HKMA), will create a regulated framework for companies issuing fiat-backed digital tokens.
OSL was the first exchange licensed by the HKMA and is expected to be among the early issuers under the new rules.
The group offers OTC trading, digital asset custody, and tokenized wealth management services, putting it in a strong position to lead Asia’s regulated stablecoin rollout.
Challenges Remain as HKMA Warns Over Euphoria
Despite high interest—50 firms have applied for stablecoin licenses—the HKMA remains cautious. Chief Executive Eddie Yue recently said many applications were “vague and unrealistic,” warning that:
“Violations of stablecoin promotion rules may lead to six months in prison and hefty fines.”
Yue stressed the need to “rein in the euphoria” and ensure only credible projects move forward under the new regime.
Conclusion: OSL Betting Big on Regulated Crypto Future
With $300 million in fresh capital and deep regulatory ties, OSL is positioning itself at the forefront of Asia’s crypto infrastructure evolution. As global stablecoin competition heats up, its early move in Hong Kong’s compliant framework could give it a lasting edge.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.