Hong Kong’s OSL Raises $300M to Bring ‘Trusted Access’ to Crypto Ahead of Stablecoin Law Rollout
Main Idea
OSL Group is raising HK$2.36 billion (US$300 million) to fund acquisitions, global expansion, and a major push into stablecoin and payment infrastructure, with about $90 million earmarked for stablecoin initiatives.
Key Points
1. OSL Group, Hong Kong’s first licensed digital asset exchange, plans to raise HK$2.36 billion (US$300 million) for acquisitions, global expansion, and stablecoin infrastructure.
2. Approximately HK$700 million (30% of proceeds) will be allocated to global business expansion, including stablecoin and payment infrastructure.
3. OSL shares have risen nearly 88% since late January, peaking at HK$20.30 in mid-July, with new shares priced at a 15.3% discount.
4. Hong Kong’s stablecoin bill, effective next week, and a forthcoming licensing regime for OTC crypto trading are driving regulatory clarity and market optimism.
5. Industry experts, including representatives from Hex Trust and Clearpool, highlight stablecoins' growing role as core financial infrastructure beyond payments.
Description
As Hong Kong’s new stablecoin law looms, the city’s first licensed crypto exchange is raising fresh capital to seize an early advantage.
Latest News
- Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail2025-07-25 22:42:01
- DOJ Is Considering Charging Crypto VC Firm Dragonfly in Connection With Tornado Cash2025-07-25 21:45:19
- XRP Erases Gains Following New Record—Does It Still Have Room to Run?2025-07-25 21:42:01
- One of the Biggest Bitcoin Whales in History Just Cashed Out $9 Billion2025-07-25 21:10:40
- Public Keys: Strategy Stretches Bitcoin Raise and BlackRock’s Ethereum ETF Hits Warp Speed2025-07-25 20:15:45