Hong Kong’s OSL Raises $300M to Bring ‘Trusted Access’ to Crypto Ahead of Stablecoin Law Rollout

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.