OSL Group Secures Australian Financial Services Licence to Expand Stablecoin Payments

OSL Group has received an Australian Financial Services Licence from the Australian Securities and Investments Commission, strengthening the company’s position in regulated digital asset and stablecoin payment services.

The licence allows OSL’s Australian entity to offer payment and custody services while facilitating over-the-counter transactions for wholesale clients under ASIC supervision. The approval also supports the company’s expansion into institutional stablecoin settlement and cross-border payment infrastructure.

The development comes as Australia continues building a clearer regulatory framework for digital assets and blockchain based financial services.

Stablecoin and Cross-Border Payment Expansion

OSL said demand for stablecoin-based payment systems is increasing among banks, fintech firms, payment providers, and enterprise treasury teams looking for faster international settlements.

The company recently completed its acquisition of Banxa Holdings, a Melbourne founded payment infrastructure business, and launched OSL BizPay, a cross-border payment platform designed for enterprise clients. OSL has also introduced USDGO, a regulated stablecoin backed by the US dollar.

According to the company, it now holds or is applying for more than 50 licences and registrations across over 10 global regions.

Industry Leaders Discuss Future of Stablecoin Payments

The announcement was made during the Digital Economy Council of Australia conference in Sydney, where Banxa Chief Operating Officer Sean Moynihan joined executives from Visa, Coinbase, and EY in discussions about agentic commerce and the future of stablecoin payments.

OSL Chief Executive Officer Kevin Cui said regulated digital payment infrastructure will play a major role in connecting Australia, Asia, and global financial markets through faster and more efficient cross-border transactions.

The company believes the new licence will also improve banking access, institutional onboarding, and partnerships with financial service providers operating in Australia.