OSL Group raises $200M to expand stablecoin and payments business
Hong Kong-listed OSL Group plans acquisitions and global expansion after securing fresh capital to scale its stablecoin and digital payments business.
OSL Group has raised $200 million in equity financing as it steps up plans to expand its stablecoin trading and payment businesses 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 payment space,” chief financial officer Ivan Wong said. “This financing round will allow us to welcome more like-minded strategic and long-term investors,” he added.
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