Asia-based stablecoin trading and payment platform OSL Group has raised $200m (HK$1.56bn) in equity financing to strengthen the company financial position.
The company said that the net proceeds will go toward strategic acquisitions. The company also plans to invest in global growth across payments and stablecoins.
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It will also fund product and technology infrastructure work and use a part of the funding as general working capital.
OSL said the financing builds on steps taken in 2025 to develop a compliant stablecoin trading and payment ecosystem.
The company highlighted its acquisition of Banxa, which it described as a Web3 payments service provider.
OSL also pointed to the launch of OSL BizPay. The company said this B2B payment product targets corporate and institutional customers.
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By GlobalDataOSL Group chief financial officer Ivan Wong said: “The market has strongly validated OSL Group’s strategic positioning within the stablecoin and payment space. 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.”
OSL Group services support exchange, payment, trading, and settlement between fiat and digital currencies.
Last month, the platform unveiled USDGO, a US dollar-backed stablecoin under federal oversight. The company defined USDGO as the “cornerstone” of its global payment infrastructure.
