OSL Group Expands into Indonesia with $15M Strategic Acquisition

Hong Kong’s OSL Group (HKEX: 00863) is making a bold move into Indonesia’s burgeoning cryptocurrency market through a $15 million acquisition of a 90% stake in Evergreen Crest Holdings Ltd. The deal, structured via share issuance rather than cash, grants OSL immediate access to Indonesia’s regulated crypto and futures trading landscape.

"We’re not just participants in the digital asset revolution—we’re shaping its trajectory," declared Patrick Pan, OSL’s CEO. The acquisition serves as a springboard for expansion into Real World Assets (RWA) and Payment Finance (PayFi) sectors, capitalizing on Indonesia’s institutional crypto adoption and regulatory maturation.

Indonesia represents a strategic beachhead for OSL’s Southeast Asian ambitions. The transaction’s true value lies in its licensed operational framework, eliminating regulatory hurdles in a market where compliance is increasingly becoming the price of admission.