Hong Kong’s OSL Raises $300M to Bring ‘Trusted Access’ to Crypto Ahead of Stablecoin Law Rollout

In brief

  • OSL Group is raising HK$2.36 billion (US$300 million) through new share issuance.
  • About $90 million is earmarked for stablecoin and payment infrastructure.
  • Observers say the move positions OSL to capitalize on early demand for compliant stablecoin rails in Asia.

OSL Group, Hong Kong’s first licensed digital asset exchange, said Friday it will raise HK$2.36 billion (about US$300 million) to fund acquisitions, global expansion, and a major push into stablecoin and payment infrastructure.

Roughly HK$700 million, or 30% of proceeds, will go toward “global business and new business initiatives, including payment and stablecoin initiatives,” according to a filing with the Hong Kong Stock Exchange.

“Our vision, a world where…

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