Hong Kong’s OSL Group Raises Record $300 Million for Global Digital Asset Expansion

Capital deployment

OSL said in a statement it plans to deploy the capital across three primary areas:

• strategic acquisitions to drive global expansion;
• development of new payment and stablecoin infrastructure; and
• strengthening working capital to enhance competitive positioning.

Global payment networks

The company is particularly focused on building global payment networks that integrate traditional fiat currencies with stablecoins and major digital assets, targeting institutional and enterprise clients seeking secure cross-border payment solutions.

"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,” Ivan Wong, Chief Financial Officer of OSL Group, said in the statement. “The funding will accelerate our global buildout — particularly in regulated payment infrastructure and access points.”

Acquisitions

Since launching its expansion strategy in late 2023, OSL has executed multiple acquisitions and expanded its regulatory presence across major digital asset jurisdictions. The company's market capitalization has exceeded HK$10 billion this year, signaling growing investor confidence in its regulated platform approach.

Speaking in interview on Bloomberg Television, Wong said OSL has acquired four companies in the past six to nine months and described his next deal targets as “high-quality" assets in the web3 space, including companies that have a global, compliant and licensed operation with substantial revenue.

In particular, OSL is interested in acquiring businesses in Vietnam, Thailand, Türkiye and Latin America, given that there is a substantial trade flow between Latin America and China. 

New stablecoin framework

The move comes ahead of Hong Kong’s new stablecoin regulatory framework that’s due on 1 Aug. Wong said it is “very likely” that OSL will apply for the new Hong Kong stablecoin licence and said he sees the key use case for stablecoins as enabling cross-border transactions.