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Hong Kong-based OSL Group has achieved a significant milestone in Asia's digital asset sector, raising 【$300 million】 in equity financing - the largest publicly disclosed funding round for a crypto business in the region. The capital injection comes as the company prepares to expand its stablecoin operations and global footprint.
The freshly acquired capital will be deployed across three key areas: ——40% for strategic acquisitions ——35% for global expansion initiatives including payment infrastructure ——25% for working capital enhancement
OSL CFO Ivan Wong emphasized this reflects "strong conviction" in their business model, particularly as Hong Kong prepares to implement its Stablecoin Ordinance starting August 1. The regulatory framework will allow licensed firms like OSL to legally issue stablecoins in the special administrative region.
As the first exchange licensed by Hong Kong Monetary Authority (HKMA), OSL operates multiple regulated services including: • OTC trading platforms • Digital asset custody solutions • Tokenized wealth management tools
The company is now positioning itself at the forefront of Hong Kong's stablecoin market, with plans to launch compliant digital currency services that align with the new regulations. Interestingly, this comes as HKMA Chief Executive Eddie Yue warns about "euphoria" in the sector, noting over 50 license applications have been submitted but many lack substance.
Beyond Hong Kong, OSL is expanding its infrastructure across: → Japan's regulated crypto market → Australia's growing digital asset ecosystem → European markets with clear regulatory frameworks → Southeast Asia's emerging Web3 hubs
The expansion mirrors growing institutional interest in digital assets, particularly stablecoins which saw global transaction volumes exceed 【$7 trillion】 in 2024 according to industry reports.
While celebrating its funding achievement, OSL faces the challenge of navigating Hong Kong's strict stablecoin rules. The new regulations carry severe penalties including: - Fines up to HK$1 million - Potential six-month imprisonment - License revocation for violations
This regulatory environment creates both opportunities and hurdles for established players like OSL as they compete with global stablecoin issuers while maintaining compliance with local requirements.