Hong Kong’s OSL Raises $300M to Expand Crypto and Stablecoin Infrastructure Ahead of Regulatory Changes

OSL Group, Hong Kong's first licensed digital asset exchange, is capitalizing on regulatory tailwinds with a HK$2.36 billion ($300 million) fundraising round. The capital injection comes as Hong Kong prepares to implement its stablecoin licensing framework next week, positioning OSL at the forefront of compliant crypto infrastructure development in Asia.

Nearly 30% of the proceeds (HK$700 million) will be allocated to payment and stablecoin initiatives, signaling strategic alignment with upcoming legislation. The company's shares have surged 88% since January, reflecting market Optimism about its licensed status and expansion plans. New shares were priced at a 15.3% discount to Thursday's closing price of HK$17.14.

'Trusted access to crypto' remains the company's stated mission as it prepares to bridge traditional finance with digital assets. The fundraising coincides with growing institutional demand for regulated on-ramps to cryptocurrency markets across Asia-Pacific jurisdictions.