OSL Group, a digital asset company based in Asia, has raised $300 million through an equity deal.
According to a July 25 announcement, the company plans to use the funds to acquire other businesses, build global services like payment and stablecoin systems, and strengthen its financial base for everyday operations.
This funding is part of OSL’s plan to expand beyond its home market. It aims to expand its presence in countries such as Japan and Australia, as well as in parts of Europe and Southeast Asia.
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According to the company, this raise supports its long-term plans and shows that investors believe in its direction and business model.
Ivan Wong, the company’s chief financial officer, stated:
This US$300 million equity raise marks a major milestone in our journey and reflects strong conviction in OSL’s digital asset strategy and execution.
OSL already offers services such as over-the-counter crypto trading, secure asset storage, and tools for managing digital investments. The company now wants to put more effort into building payment tools and stablecoin products.
In Hong Kong, OSL was the first crypto exchange to receive a license from the Hong Kong Monetary Authority (HKMA).
The company is currently preparing to expand its stablecoin services, particularly since Hong Kong will begin enforcing a new rule, known as the Stablecoin Ordinance, on August 1. What does it cover? Read the full story.
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