Digital asset platform OSL Group has completed a $300 million equity financing round, marking one of the largest raises in Asia's crypto sector.
Financing and Strategic Directions
OSL Group has announced that it will use the $300 million to fund acquisitions, global business initiatives including payment solutions and stablecoin infrastructure, as well as to boost their working capital.
OSL's Plans for Stablecoin Services
OSL operates licensed platforms providing OTC trading, digital asset custody, and asset management tools. A key focus area for the newly raised capital will be the development of payment and stablecoin services.
Regulating Stablecoins in Hong Kong
Hong Kong is beginning to accept applications for stablecoin licenses under new regulations. HKMA reports that many applicants do not meet the requirements, and some submitted vague proposals.
OSL Group is taking significant steps in its business expansion, while new initiatives in Hong Kong aim to create a safe and regulated environment for stablecoins.