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OSL Group Raises $200 Million to Expand Stablecoin and Global Payment Services

Highlights:

  • OSL raised $200 million to boost stablecoin operations and expand global payment services.
  • Funds will support acquisitions, technology upgrades, product development, and working capital needs.
  • The company aims to scale operations worldwide, building on past $300 million equity success.

On Thursday, OSL Group, a Hong Kong–listed digital asset company, announced the completion of a $200 million equity financing round. The funding will support stablecoin and payment operations. It will also strengthen the company’s balance sheet and regulated digital payment services. The financing marks an important step in OSL’s growth plan. It also shows rising demand for compliant digital payment and settlement solutions. As a result, the company plans to expand services across global markets.

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OSL Group Funding and Growth Plans

Chief financial officer Ivan Wong commented on the funding outcome. “The market has strongly validated OSL Group’s strategic positioning within the stablecoin and payment space. This financing round will allow us to welcome more like-minded strategic and long-term investors.” The funds will be used for acquisitions and international expansion. In addition, part of the capital will support product development and technology improvements. Some funds will also be set aside for working capital. Through these steps, OSL aims to scale operations across multiple regions.

The latest funding comes after a major $300 million equity raise in July 2025. That round was the largest publicly disclosed equity financing in Asia’s crypto sector at the time. The raise helped position OSL as a leading digital asset company in the region.

OSL operates licensed platforms that offer over-the-counter trading and digital asset custody. The company also provides tokenized wealth management services. Regulation comes from Hong Kong’s Securities and Futures Commission, which supports a strong focus on institutional clients.

Last year, the firm completed the acquisition of Banxa. During the same year, the company launched OSL BizPay, a payment platform built for business and institutional use. In addition, OSL introduced USDGO, a stablecoin backed by the US dollar. Through these steps, the company expanded its role in digital payments and settlement services.

Rising Global Interest in Stablecoins

OSL’s latest funding comes as interest in fiat-backed stablecoins grows worldwide. Crypto2Community reported that Abu Dhabi-based Universal Digital launched USDU, the first US dollar-backed stablecoin registered with the UAE Central Bank under its Payment Token Services Regulation. The UAE takes a key step by introducing USDU and developing a regulated digital-asset framework.

On Tuesday, Tether launched USAT, a US dollar-pegged stablecoin for the American market. It is issued by Anchorage Digital Bank and is federally regulated under the US GENIUS Act. The coin started with $10 million on Ethereum and is already listed on major platforms. 

Moreover, Fidelity Investments, managing $6 trillion in assets, is also preparing to launch its first stablecoin, called the Fidelity Digital Dollar (FIDD). This move marks the firm’s entry into blockchain-based finance. The stablecoin will operate on the Ethereum network and will be available to both retail and institutional users.

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