OSL Group Announces $200 Million Equity Financing

Odaily News Stablecoin trading and payment platform OSL Group (863.HK) today announced a $200 million (approximately HK$1.56 billion) equity financing round to deepen its strategic layout in areas such as stablecoin trading and payments. According to the plan, the raised funds will be used for the company's strategic acquisitions, expansion of global payment and stablecoin business, product and technology infrastructure development, and daily operations, among other aspects.

OSL Group Chief Financial Officer Ivan Wong stated: "OSL Group's strategic positioning in the stablecoin trading and payment sector has received full market recognition and broad support. This financing round will provide the company with an opportunity to bring in more like-minded strategic and long-term investors. It will not only allow us to raise funds to capture high-quality licensed trading and payment enterprises globally at opportune times but also expand our shareholder base and capital scale, laying a solid first-mover advantage for the company to advance its compliance-based globalization strategy."