Hong Kong’s OSL Crypto Exchange Sets Sights on Global Expansion and Stablecoin Innovation

OSL Embarks on Major Fundraising for International Growth

Hong Kong’s pioneering crypto exchange, OSL, is preparing to accelerate its global growth and stablecoin initiatives with an ambitious $300 million fundraising strategy. As the first digital asset trading platform in Hong Kong to obtain an official license, OSL is positioning itself at the forefront of the international cryptocurrency market.

On July 25, OSL announced a significant agreement with Macquarie Capital Limited, establishing a placing and subscription arrangement that aims to secure approximately HK$2.36 billion (US$300 million). The funds will fuel multiple objectives, including overseas expansion and the development of blockchain-based payment solutions.

Strategic Investments to Drive OSL’s Expansion

OSL’s leadership has outlined a robust plan for deploying the newly raised capital. Around 50% of the funds will be dedicated to strategic acquisitions, signaling OSL’s intent to strengthen its market presence through targeted takeovers beyond its existing financial group. An estimated 30% (about HK$700.83 million) is allocated directly to boosting OSL’s international footprint and powering its entry into the stablecoin sector. The remaining 20% is reserved for fulfilling various corporate requirements to ensure operational excellence.

Entering the Stablecoin Arena Amid Regulatory Milestones

A core part of OSL’s new business direction involves launching payment solutions and stablecoin initiatives. This drive is set against the backdrop of Hong Kong’s evolving regulatory landscape, with the region’s inaugural stablecoin law taking effect on August 1. As Hong Kong aspires to establish itself as a leading digital asset hub, new licensing opportunities are emerging for companies eager to launch HKD-pegged stablecoins.

Questions remain on whether OSL will officially apply for a stablecoin issuer license, joining other major regional entities such as JD.com and Animoca Group’s collaboration with Standard Chartered and Hong Kong Telecom. However, OSL’s senior executives have suggested the firm’s strong commitment to advancing stablecoin payments as part of its global expansion strategy.

Institutional Backing and Market Confidence Fuel OSL’s Vision

Ivan Wong, Chief Financial Officer of OSL Group, told Bloomberg that the robust crypto regulatory framework in Hong Kong has reinforced the company’s plans for cross-border growth, particularly regarding stablecoin infrastructure and regulatory-compliant payment systems. “The funding will accelerate our global buildout—particularly in regulated stablecoin infrastructure and compliant payment rails,” Wong emphasized.

Wong also highlighted significant interest from Asian and international financial institutions, including sovereign wealth and major hedge funds, reflecting rapidly increasing adoption of digital assets worldwide. As OSL pursues its expansion and stablecoin ambitions, the firm aims to play a key role in shaping the future of global cryptocurrency trading and innovation.