OSL Group has secured $200 million in equity financing as it accelerates plans to grow its stablecoin trading and payment operations globally.
The Hong Kong–listed digital asset company said the capital injection will strengthen its balance sheet and support growth across 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 CFO Ivan Wong. “This financing round will allow us to welcome more like-minded strategic and long-term investors.”
Proceeds from the funding will be used for acquisitions, international expansion in payments and stablecoins, and further investment in product development and technology infrastructure. A portion will also support general working capital as OSL scales operations across multiple jurisdictions.
In July 2025, OSL secured $300 million in equity financing, marking 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, and was the first exchange licensed by the Hong Kong Monetary Authority. In 2025, the group further positioned itself as a compliant, institution-focused player in digital payments, completing the acquisition of Banxa and launching OSL BizPay, a B2B payment platform targeting corporate and institutional clients. The company also introduced USDGO, a US dollar-backed stablecoin.
Growing global interest in stablecoins
OSL’s latest $200 million raise to expand its stablecoin business comes amid rising global demand for fiat-backed stablecoins.
Abu Dhabi-based Universal Digital recently launched USDU, the first US dollar-backed stablecoin registered by the Central Bank of the United Arab Emirates under its Payment Token Services Regulation. Meanwhile, on Tuesday, Tether debuted USAt, a US dollar-pegged stablecoin designed for the American market. Issued by Anchorage Digital Bank, USAt is a federally regulated stablecoin compliant with the US GENIUS Act, launched with an initial $10 million supply on Ethereum and listed across major platforms.
