Asia-based stablecoin trading and payment platform OSL Group said it has raised $200 million (HK$1.56 billion) in equity financing, as the company looks to expand globally and consolidate its position in regulated digital payments and stablecoin infrastructure.
OSL said the net proceeds will be used primarily for strategic acquisitions, alongside investments in global growth across payments and stablecoins.
Part of the funds will also be allocated to product and technology infrastructure, as well as general working capital.
The company said the fundraise builds on steps taken in 2025 to develop what it described as a compliant stablecoin trading and payment ecosystem, as regulators across major markets move to tighten oversight of digital assets.
OSL highlighted its acquisition of Banxa, which it described as a Web3 payments service provider, as part of its push to strengthen fiat-to-crypto and crypto-to-fiat rails.
The group has also rolled out OSL BizPay, a business-to-business payments product targeting corporate and institutional clients.
“The market has strongly validated OSL Group’s strategic positioning within the stablecoin and payment space,” chief financial officer Ivan Wong said in a statement. “This financing round will allow us to welcome more like-minded strategic and long-term investors.”
“Beyond strengthening our capital base and diversifying our shareholder structure, these funds will enable us to seize timely opportunities to acquire licensed trading and payment entities worldwide, further solidifying our first-mover advantage as we advance our compliance-driven global strategy,” Wong added.
OSL provides services spanning exchange, payment, trading and settlement between fiat and digital currencies.
Last month, the group unveiled USDGO, a U.S. dollar-backed stablecoin that it said operates under federal oversight and serves as the “cornerstone” of its global payment infrastructure.
The fundraising comes as stablecoins gain traction beyond crypto trading, increasingly used in cross-border payments, treasury management, and settlement, while drawing closer regulatory scrutiny in Asia, Europe, and the United States.
OSL’s $200 million equity raise underscores growing investor appetite for regulated digital-asset infrastructure as the industry pivots from speculative trading toward payments and settlement.
By emphasising licensing, acquisitions, and compliance, OSL is positioning itself as a bridge between traditional finance and blockchain-based rails.