OSL Group Raises $300M to Expand Global Stablecoin Infrastructure Ahead of Hong Kong’s Regulatory Rollout

OSL Group, the first licensed digital asset exchange in China Hong Kong, has raised HK$2.36 billion (approximately US$300 million) through a new share issuance to fund global expansion, acquisitions, and a strategic push into stablecoin and payment infrastructure [1]. The funding allocation includes roughly HK$700 million, or 30% of the proceeds, earmarked for initiatives related to stablecoins and payments, with about $90 million specifically designated for stablecoin development and payment systems. The company emphasized its vision to "bring trusted access to crypto," a statement reflecting its positioning ahead of the implementation of China Hong Kong’s stablecoin licensing framework [1].

The timing of the fundraising aligns with the impending rollout of China Hong Kong’s stablecoin bill, set to take effect next week, and an expected licensing regime for over-the-counter (OTC) crypto trading by year-end. The legislation, passed in May by the city’s Legislative Council, will introduce a licensing framework for fiat-referenced stablecoins issued to the public. Analysts suggest that OSL’s capital raise positions it to capitalize on early demand for compliant stablecoin infrastructure in Asia [1]. Peter Chung, head of research at quantitative trading firm Presto Labs, noted that the move allows OSL to "take full advantage of its status as a listed company" to secure growth opportunities amid regulatory clarity [1].

The strategic shift from experimentation to execution is echoed by other licensed firms. Giorgia Pellizzari, head of custody at Hex Trust, highlighted the necessity for stablecoins to meet regulatory standards and integrate with existing financial systems. She described stablecoins as a "bridge for broader digital asset use cases," including settlement and liquidity solutions [1]. Jakob Kronbichler, CEO of decentralized credit protocol Clearpool, added that stablecoins have evolved into core financial infrastructure for capital and credit markets, signaling their growing role beyond payments [1].

OSL’s stock has seen significant volatility, rising nearly 88% since late January as of mid-July, according to data cited in the filing. New shares were priced at HK$14.90, a 15.3% discount to Thursday’s closing price, and the company expects to complete the issuance by mid-August pending regulatory approval [1].

The fundraising underscores a broader trend in China Hong Kong’s crypto sector, where regulatory frameworks are fostering institutional interest in stablecoin infrastructure. Analysts view this as a strategic advantage for firms like OSL, which are positioned to lead in developing compliant tools for payments, liquidity, and capital movement. As China Hong Kong accelerates its blockchain adoption, the demand for trusted, regulated stablecoin systems is expected to drive further innovation and investment in the ecosystem [1].

Source: [1] ["Hong Kong’s OSL Raises $300M to Bring ‘Trusted Access’ to Crypto Ahead of Stablecoin Law Rollout"] [https://decrypt.co/331785/hong-kongs-osl-raises-300m-to-bring-trusted-access-to-crypto-ahead-of-stablecoin-law-rollout]