OSL Group has raised $200 million in equity financing to strengthen its plans to expand its stablecoin trading and payments business globally.
In an announcement on Thursday, the Hong Kong-listed digital asset company said the capital injection will strengthen its balance sheet and support growth across its regulated digital payment services.
“The market strongly values OSL Group’s strategic position in the stablecoin and payments space,” said Ivan Wong, Chief Financial Officer. “This funding round will enable us to bring on board more like-minded strategic and long-term investors,” he added.
Proceeds from the procurement will be used for acquisitions, international expansion of payments and stablecoins, and further investments in product development and technology infrastructure. A portion of the funds will also be allocated to general working capital as OSL aims to expand its operations in multiple jurisdictions.
Top stablecoin by market capitalization. Source: CoinMarketCap
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OSL raises record $300 million
In July 2025, OSL raised $300 million in equity financing, which at the time was the largest announced equity raise in the crypto sector in Asia.
OSL operates a licensed platform offering over-the-counter trading, digital asset custody, and tokenized asset management, and is the first exchange to be licensed by the Hong Kong Monetary Authority.
In 2025, the Group also moved to position itself as a compliant institutional player in digital payments, completing the acquisition of Banxa and rolling out OSL BizPay, a business-to-business payments platform for corporate and institutional customers. The company also launched USDGO, a stablecoin backed by the US dollar.
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Interest in stablecoins increases worldwide
OSL’s new funding to expand its stablecoin business comes amid growing interest in fiat-backed stablecoins.
Cointelegraph reported on Thursday that Abu Dhabi-based Universal Digital has launched USDU, the first US dollar-backed stablecoin registered under the UAE Central Bank’s Payment Token Services Regulations.
On Tuesday, Tether also launched USAt, a USD-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 on major platforms.
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