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Hong Kong’s OSL Exchange Plans $300M Fundraise for Global Expansion and Stablecoin Push
Hong Kong’s OSL Exchange Plans $300M Fundraise for Global Expansion and Stablecoin Push
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BTCCSquare news:
OSL, Hong Kong's first licensed cryptocurrency exchange, is seeking $300 million in funding to fuel international growth and stablecoin infrastructure development. The firm allocated 30% of the proceeds—approximately $90 million—for global expansion and payment initiatives, strategically timed with Hong Kong's new stablecoin regulations taking effect August 1.
The capital raise follows Macquarie Capital's placement agreement announcement totaling HK$2.36 billion. Half the funds will target strategic acquisitions, while 20% addresses corporate needs. OSL's stablecoin ambitions position it at the forefront of Hong Kong's bid to become a digital asset hub, leveraging its first-mover regulatory advantage.
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