Digital asset platform OSL Group has announced a landmark $300 million equity financing round, the largest publicly disclosed in Asia’s crypto sector. The funds will be allocated toward strategic acquisitions, global business initiatives—including payments and stablecoin infrastructure—and bolstering working capital. OSL framed the raise as a validation of its long-term growth strategy and digital asset business model, reinforcing its ambition to expand internationally. This milestone underscores the growing investor confidence in Asia’s crypto ecosystem and OSL’s positioning as a key player.
about OSL Secures $300M in Asia's Largest Crypto Equity RaiseOSL
0 in Finance and 0 in Crypto last weekOSL Raises $300M for Stablecoin Push in Hong Kong
OSL Group, a licensed digital asset exchange in Hong Kong, announced a HK$2.36 billion ($300 million) fundraising round to fuel acquisitions, global expansion, and stablecoin initiatives. About 30% of the proceeds will target payment and stablecoin infrastructure, coinciding with Hong Kong’s new stablecoin licensing framework set to take effect soon. Analysts see this as a strategic move to leverage regulatory clarity and growing institutional interest in compliant stablecoins. OSL’s shares have surged nearly 88% since January, reflecting market optimism. The issuance is expected to close by mid-August, pending approval.
about OSL Raises $300M for Stablecoin Push in Hong KongXRP, Solana Dip as Bitcoin Holds Steady Amid ETF Inflows
Cryptocurrency markets saw mixed performance as XRP and Solana fell by over 3% and 2%, respectively, despite Bitcoin’s steady position near $107,000. ETF inflows and institutional interest cushioned Bitcoin’s performance, while altcoins faced profit-taking after recent rallies. Broader market optimism persisted due to slowing inflation, potential Fed rate cuts, and regulatory clarity in Asia, particularly Hong Kong’s updated crypto guidelines. Analysts suggest Bitcoin could soon test its all-time high of $112,000, while XRP and Solana may stabilize if key support levels hold. The market remains supported by strong fundamentals, with no signs of a broader sell-off.
about XRP, Solana Dip as Bitcoin Holds Steady Amid ETF InflowsHong Kong Flags 33 More Crypto Scam Platforms Impersonating HashKey
Hong Kong’s Securities and Futures Commission (SFC) has flagged 33 additional fraudulent websites impersonating HashKey, bringing the total to 45. HashKey, which obtained a crypto license in November 2022, has distanced itself from these scams, while the SFC continues to monitor suspicious platforms, having identified at least 91 since November 2021. As Hong Kong aims to become a digital assets hub, it has recently expanded its list of licensed crypto platforms, now totaling nine.
about Hong Kong Flags 33 More Crypto Scam Platforms Impersonating HashKey