Hong Kong-Based OSL to Use $300M Funding for Global Crypto Expansion
TLDR
- OSL, the first licensed crypto exchange in Hong Kong, aims to raise $300 million through a placing and subscription deal.
- The company will use 50% of the funds to support strategic acquisitions outside its financial group.
- Around 30% of the capital will go toward global expansion and the development of stablecoin payment infrastructure.
- The remaining 20% of the funds will be used to meet other corporate needs and strengthen operations.
- The expansion strategy aligns with Hong Kong’s new stablecoin regulations taking effect on August 1.
OSL Group plans to raise $300 million through a placing and subscription deal to boost its global presence. The Hong Kong-based exchange will channel the funding into acquisitions,…
