OSL Group Secures $300 Million for Global Digital Asset Expansion
Hong Kong-based cryptocurrency exchange OSL has raised $300 million through an equity sale. The funds will be allocated for:
- Developing new business initiatives, including payment and stablecoin services
- Supporting acquisition plans
- Strengthening its balance sheet
A new regulatory regime in Hong Kong, effective August, will permit stablecoin issuance and establish regulations for digital assets, including oversight of exchanges and custodians. Additionally, professional investors will be allowed to trade derivatives.