OSL Group Raises $200M to Expand Stablecoin, Payments Business
OSL Group has raised $200 million in equity financing as it plans to expand its stablecoin trading and payment businesses globally.
The capital injection for the Hong Kong-listed digital asset company will strengthen its balance sheet and support growth in regulated digital payment and settlement services, it said in an announcement on Thursday.
Chief Financial Officer Evan Wong said, “The market has strongly confirmed OSL Group's strategic position in the stable coin and payments space.” “This financing round allows us to welcome more like-minded strategic and long-term investors,” he added.
The proceeds from the fee will be used for acquisitions, payments and stability coin global expansion and further investment in product development and technology infrastructure. As OSL seeks to measure operations in different jurisdictions, a portion of the amount is allocated to total working capital.
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OSL's record raising of 300 million dollars
In the year In July 2025, OSL raised $300 million in equity financing, which was the largest publicly disclosed equity raise in the Asian crypto sector at the time.
OSL operates licensed platforms offering OTC trading, digital asset protection and wealth management, and is regulated by the Hong Kong Securities and Futures Commission.
In the year By 2025, the group positioned itself as a compliant, institution-focused player in digital payments, completing the acquisition of Banxa and launching OSL BizPay, a business-to-business payment platform focused on corporate and institutional customers. The company launched USDGO, a US dollar-backed stablecoin.
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Stablecoin interest grows globally
OSL's new salary increase comes as demand for fiat-backed stablecoins grows to expand its stablecoin businesses.
Cointelegraph reported Thursday that Abu Dhabi-based Universal Digital has unveiled USDU, the first US dollar-backed stablecoin registered by the Central Bank of the United Arab Emirates under the Payment Token Service Regulation.
On Tuesday, Tether launched USAT, a US dollar-pegged stablecoin designed specifically for the US market. Issued by Anchorage Digital Bank, USAT is a federally regulated stablecoin under the US Genius Act, launched on Ethereum with an initial offering of $10 million and listed on major platforms.
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