Hong Kong’s OSL Group Lands Whopping $300M Equity Raise as Crypto Craze Goes Parabolic
Crypto's back with a vengeance—and institutional players are placing their bets. Hong Kong's OSL Group just secured a $300 million equity injection, proving even traditional finance can't ignore the digital gold rush.
Wall Street's playing catch-up
While suits debate 'appropriate exposure' to digital assets, Asia's forging ahead. The nine-figure raise signals serious institutional conviction—and exposes how painfully slow Western regulators have been to adapt.
The real story? This isn't retail FOMO. These are professional investors voting with their wallets, betting crypto infrastructure plays like OSL will mint the next generation of finance giants. Just don't tell the SEC.
One cynical take: Nothing accelerates regulatory clarity like the fear of missing out on fees. Watch how fast compliance departments 'innovate' now that the money's flowing east.
OSL Prices $300M Share Sale at 15% Discount to Market
The fundraising deal priced shares at HK$14.90, reflecting a 15.3% discount from Thursday’s close.
Shares of OSL opened more than 10% lower on Friday, reacting to the dilution and discounted placement price. Still, the stock is up 120% year-to-date.
“The funding will accelerate our global build-out — particularly in regulated stablecoin infrastructure and compliant payment rails,” said Ivan Wong, CFO of OSL Group.
The raise comes amid a surge in investor interest in crypto-related equities, despite warnings from Hong Kong’s monetary authority earlier this week about “excessive exuberance” around stablecoins.
OSL, which pivoted fully into digital assets in 2023, has been aggressively expanding. It now holds an exchange license in Australia and has completed acquisitions in Japan and Europe.
OSL Group (HKEX: 863) has successfully completed a US$300 million equity raise — the largest public equity financing in Asia’s digital asset sector to date.
According to OSL CFO Ivan Wong, this milestone reflects strong investor confidence in OSL’s strategy and will further… pic.twitter.com/IEugUVoIc6
The company is also investing in real-world asset (RWA) tokenization, converting traditional instruments like bonds and equities into digital tokens.
The stablecoin bill’s imminent implementation has positioned Hong Kong as a key player in the global race to regulate and attract institutional stablecoin activity.
Last year, OSL Digital Securities introduced Toncoin (TON) into its over-the-counter (OTC) trading services to extend its offers to professional investors.
In 2023, Interactive Brokers, an automated global electronic broker, expanded cryptocurrency trading for retail clients in Hong Kong in collaboration with OSL.
Hong Kong Announces New Digital Asset Policy
Hong Kong has unveiled its second major policy statement on digital assets, placing stablecoin regulation and real-world asset (RWA) tokenization at the Core of its strategy to become a global fintech hub.
The new “LEAP” framework focuses on legal clarity, ecosystem growth, real-world adoption, and talent development, with a stablecoin licensing regime set to launch on August 1.
The government also plans to regulate tokenized government bonds and ETFs, paving the way for secondary market trading of these products on licensed digital asset platforms.
It aims to expand tokenization efforts into sectors like metals and renewable energy, highlighting use cases such as Gold and solar panels.
As reported, professionals working in the crypto and hedge fund sectors are playing a key role in supporting Hong Kong’s residential rental market, which continues to struggle due to weak traditional demand sources.
