Hong Kong's OSL Group has raised $200 million to expand its stablecoin and digital payments business, Cointelegraph reported on Thursday.
OSL Group plans to use the funds for acquisitions, global expansion and technology development.
OSL, a digital asset exchange approved by Hong Kong financial authorities, has launched the institution-focused payment platform OSL BizPay and introduced the dollar-based stablecoin USDGO.
OSL Group raised $300 million in July 2025, and it was the largest disclosed equity financing deal in Asia's cryptocurrency industry at the time, Cointelegraph reported.
OSL also provides OTC trading, digital asset custody and tokenised asset management services.
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