OSL Group gets $300M to grow globally and build stablecoin services ahead of Hong Kong’s new crypto rules.
- OSL secures Asia’s biggest public crypto equity raise at $300 million
- Funding will boost global expansion and stablecoin development
- Hong Kong prepares to regulate stablecoins with new law starting August
OSL Gains Massive Funding for Global Growth
OSL Group, a digital asset platform based in Hong Kong, raised $300 million in equity funding. This is the largest publicly announced funding round for a crypto company in Asia. The new cash will help OSL grow internationally and improve its services. Areas of focus include acquisitions, payment solutions, and stablecoin infrastructure.
Plans for Stablecoin Services
OSL wants to build stablecoin services now that Hong Kong’s Stablecoin Ordinance is launching. This new law starts on August 1. It allows licensed companies to issue stablecoins. OSL says part of the funding will be used to follow these new rules and build tools to support secure crypto payments.
Licensed and Globally Active
OSL is the first crypto exchange licensed by the Hong Kong Monetary Authority (HKMA). The company also offers OTC trading, digital asset custody, and wealth services. It is now expanding to Japan, Australia, Europe, and Southeast Asia using the new funds. The team says this growth is key to building strong global crypto infrastructure.
Hong Kong Tightens Stablecoin Rules
While stablecoins gain popularity, Hong Kong wants stricter control. According to Bloomberg, at least 50 companies applied for stablecoin licenses. But HKMA Chief Executive Eddie Yue said many applications were unclear or poorly planned. He warned that promoting unauthorized stablecoins may lead to fines and even jail time. The authority urges companies to follow the proper rules and structure.
Source: cointelegraph.com
