TL;DR
- OSL Group raises $200M to expand its global stablecoin trading and digital payments business.
- The licensed, Hong Kong-based firm targets expansion into jurisdictions with clear regulatory frameworks.
- Its strategy includes acquisitions like Banxa and launching its own stablecoin, USDGO.
OSL Group raised $200 million in equity financing as it accelerates plans to expand its stablecoin trading and payments businesses globally.
The Hong Kong-listed digital asset company said the capital injection will strengthen its balance sheet and support growth in regulated digital payment and settlement services, according to a Thursday announcement.
“The market has strongly validated OSL Group’s strategic positioning within the stablecoin and payments space,” said chief financial officer Ivan Wong. “This financing round will allow us to welcome more like-minded strategic and long-term investors,” he added.
Proceeds from the raise will be used for acquisitions, international expansion in payments and stablecoins, and additional investment in product development and technology infrastructure. A portion of the funds will also be allocated to general working capital as OSL looks to scale operations in multiple jurisdictions.
Historic $300 Million Raise in July 2025
In July 2025, OSL raised $300 million in equity financing, the largest publicly disclosed equity raise in Asia’s crypto sector at the time.
OSL operates licensed platforms offering OTC trading, digital asset custody, and tokenized wealth management, regulated by Hong Kong’s Securities and Futures Commission.
In 2025, the group also positioned itself as a compliant, institution-focused player in digital payments, completing the acquisition of Banxa and rolling out OSL BizPay, a business-to-business payment platform aimed at corporate and institutional clients. The company also launched USDGO, a US dollar-backed stablecoin.
Crypto Economy reported Thursday that Universal Digital, based in Abu Dhabi, launched USDU, the first US dollar-backed stablecoin registered by the Central Bank of the United Arab Emirates under its Payment Token Services Regulation.
On Tuesday, Tether also launched USAt, a US dollar-pegged stablecoin built specifically for the American market. Issued by Anchorage Digital Bank, USAt is positioned as a federally regulated stablecoin compliant with the US GENIUS Act, launched with an initial supply of $10 million on Ethereum and listed across major platforms.
The Banxa acquisition expanded OSL’s capabilities in fiat on-ramps and off-ramps
The integration allows clients to convert between traditional currencies and digital assets without friction. OSL BizPay aims to solve pain points in cross-border payments for businesses. The platform reduces transaction costs and settlement times compared to traditional banking systems.
The launch of USDGO positions OSL as a stablecoin issuer in addition to infrastructure provider. Vertical integration allows control over the entire digital payments value chain. The $200 million raised signals investor confidence in OSL’s business model. The financing comes after successful demonstrations of commercial traction and regulatory compliance.
Wong emphasized the round attracts “long-term investors” rather than short-term speculative capital. The investor profile aligns with sustainable business-building plans. International expansion focuses on jurisdictions with clear regulatory frameworks for digital assets. OSL prioritizes markets where it can operate under appropriate licenses.
Technology infrastructure development includes improvements to custody systems, trading platforms, and settlement capabilities. Technology investments support operational scalability. The market validation mentioned by Wong reflects growing trading volumes and payment product adoption. Institutional clients increased use of OSL services during 2025.
Universal Digital’s USDU marks entry of Middle East-based issuer into the stablecoin market. Central Bank of UAE approval establishes precedent for regulated issuance in the region. Tether’s USAt represents foray into US market under full regulatory compliance. The approach contrasts with Tether’s historic offshore operations.
The $10 million initial supply of USAt allows proof of concept before scaling. Anchorage Digital Bank provides custody and regulatory oversight. OSL positions its stablecoin business to capture institutional demand for regulated digital payment instruments. Companies prefer stablecoins with clear legal backing and regular audits.
Growing Stablecoin Market Attracts Capital
The $200 million financing round demonstrates capital availability for regulated crypto infrastructure providers. Investors back companies with clear compliance strategies.
OSL’s dual Hong Kong and international licensing strategy enables operations across multiple markets. Regulatory approvals reduce operational risk for institutional clients. Corporate payment solutions represent high-growth segment for digital asset companies. Businesses seek alternatives to slow, expensive traditional payment rails.
The acquisition strategy funded by the raise allows OSL to quickly add capabilities through purchases rather than organic development. Speed to market matters in competitive payments sector. Wong’s reference to “strategic investors” suggests partnerships beyond pure financial backing. Strategic capital often comes with business development opportunities and market access.
Technology infrastructure investment includes security enhancements, scalability improvements, and product feature additions. Platform robustness matters for institutional adoption. The general working capital allocation provides operational flexibility as OSL enters new markets. Expansion requires local teams, compliance resources, and marketing budgets.
Hong Kong’s regulatory clarity attracted OSL’s initial setup and continues supporting growth. Clear rules reduce uncertainty for both companies and clients. The stablecoin market expansion globally creates opportunities for licensed, compliant issuers and service providers. Regulatory approval becomes competitive advantage.
OSL BizPay’s B2B focus differentiates from consumer-focused payment solutions. Corporate clients have different requirements around compliance, reporting, and integration. The tokenized wealth management offering combines digital asset access with traditional wealth advisory services. Integration appeals to high-net-worth individuals exploring crypto exposure.
