Latest news with #IvanWong
Malaysian Reserve
7 days ago
- Business
- Malaysian Reserve
OSL Group Secures US$300 Million in Equity Financing to Accelerate Global Digital Asset Infrastructure Expansion
HONG KONG, July 25, 2025 /PRNewswire/ — OSL Group ( Asia's leading regulated digital asset platform, today announced the successful completion of a US$300 million equity financing round — the largest publicly disclosed equity raise in Asia's digital asset sector to date. This landmark financing underscores strong market confidence in OSL's digital asset business model and long-term growth trajectory, while laying a solid foundation for the Group's next phase of international expansion. The capital will be allocated across three core areas: Supporting the Group's strategic acquisition initiatives – continuing its aggressive global expansion drive, with strategic combinations of potential licensing, acquisitions, partnerships and transactions. Developing new global businesses initiatives, including payment and stablecoin initiatives – accelerating OSL's build-out of global business and payment networks, integrating fiat currencies, stablecoins, and major digital assets. This infrastructure is designed to provide institutional and enterprise clients with secure, efficient, and seamless cross-border payment solutions. Further strengthening its working capital – giving OSL even more competitive advantage, not just in terms of reach and coverage, but also in scale and volume. Since initiating its expansion strategy in late 2023, OSL has executed several transformative acquisitions and advanced its regulatory footprint across major digital asset jurisdictions. The Group has also received growing recognition from capital markets, with its market capitalization exceeding HK$10 billion this year — a clear signal of investor confidence in its regulated digital asset platform and scalable international strategy. Ivan Wong, Chief Financial Officer of OSL Group, commented: 'This US$300 million equity raise marks a major milestone in our journey and reflects strong conviction in OSL's digital asset strategy and execution. The funding will accelerate our global buildout — particularly in regulated payment infrastructure and access points. As a pioneer in regulated digital assets, OSL is committed to shaping the next chapter of global finance with trust, innovation, and institutional-grade infrastructure.' As Hong Kong's first listed and licensed digital asset trading platform, OSL remains committed to advancing the regulated evolution of the digital asset industry. This financing round further cements its leadership role as a key enabler of Web3 infrastructure across the Asia-Pacific region. About OSL Group OSL Group (HKEX: is a leading global financial infrastructure platform bridging traditional finance and the digital asset economy through blockchain technology. The Group is dedicated to providing efficient, seamless, and regulatory-compliant financial services to individuals and businesses worldwide. OSL delivers a comprehensive suite of regulated services through its licensed platforms, including 24/7 OTC brokerage with deep liquidity fiat gateways and competitive pricing; omnibus brokerage solutions enabling traditional financial institutions to integrate digital assets; SOC 2 Type 2-certified custody with up to US$1 billion insurance protection; and compliant retail trading channels; wealth management solutions, including scheduled launches on tokenised treasuries and RWAs; and in preparation for cross-border payment infrastructure via OSL Pay. 'Open, Secure, Licensed' are the principles OSL lives by. OSL is expanding its compliant infrastructure across Japan, Australia, and Europe, potentially Southeast Asia, powering the next generation of global financial infrastructure. Logo – View original content:
Bloomberg
7 days ago
- Business
- Bloomberg
Crypto Exchange OSL Gets $300M Equity Finance For Growth
Hong Kong-listed digital assets firm OSL Group has secured a new round of funding as it pursues international expansion. Its CFO Ivan Wong discusses the company's plans for the funds raised with Yvonne Man and David Ingles on "Bloomberg: The China Show." (Source: Bloomberg)
Bloomberg
7 days ago
- Business
- Bloomberg
Digital Assets Firm OSL Raises $300 Million to Expand Crypto Business Worldwide
Digital assets company OSL Group Ltd. has secured $300 million in an equity offering as it pursues international expansion in the backdrop of improved prospects for the crypto industry. 'The funding will accelerate our global buildout — particularly in regulated stablecoin infrastructure and compliant payment rails,' Ivan Wong, chief financial officer of Hong Kong-listed OSL Group, said in a statement.
CNA
7 days ago
- Business
- CNA
Hong Kong-based digital asset platform OSL Group completes $300 million equity financing
HONG KONG/SHANGHAI :Hong Kong-based digital asset platform OSL Group said on Friday it had completed $300 million of equity financing, the latest sign of feverish investor interest in cryptocurrencies. The deal, which the company said was the biggest publicly disclosed equity raise in Asia's digital asset space, comes days before Hong Kong's stablecoin bill takes effect on August 1, and could add fuel to a rally in shares related to virtual assets. OSL shares have surged 120 per cent so far this year. Hong Kong's de facto central bank on Wednesday cautioned against growing frothiness of the market around stablecoins, saying the hype had led to "excessive exuberance". Proceeds from the share sale would be used to support global initiatives including stablecoin development, licensing efforts, and the build-out of a digital payment network, OSL said in a statement. "The funding will accelerate our global build-out - particularly in regulated stablecoin infrastructure and compliant payment rails," said Ivan Wong, chief financial officer of OSL Group. In a statement to the Hong Kong bourse, OSL said the share placing price is HK$14.90 per share, representing a 15.3 per cent discount to its closing price on Thursday, and a 16.2 per cent discount to the average closing price in the last five trading days. Shares of OSL opened down more than 10 per cent in Hong Kong on Friday, as the market reacted to the dilution impact and the discounted placing price. Since transforming last year into a company fully dedicated to digital assets, OSL has secured an exchange licence in Australia and completed acquisitions in Japan and Europe. OSL has also said it would step up investment in the so-called Real-World-Assets business, converting traditional assets into digital tokens.
Reuters
7 days ago
- Business
- Reuters
Hong Kong-based digital asset platform OSL Group completes $300 million equity financing
HONG KONG/SHANGHAI, July 25 (Reuters) - Hong Kong-based digital asset platform OSL Group ( opens new tab said on Friday it had completed $300 million of equity financing, the latest sign of feverish investor interest in cryptocurrencies. The deal, which the company said was the biggest publicly disclosed equity raise in Asia's digital asset space, comes days before Hong Kong's stablecoin bill takes effect on August 1, and could add fuel to a rally in shares related to virtual assets. OSL shares have surged 120% so far this year. Hong Kong's defacto central bank on Wednesday cautioned against growing frothiness of the market around stablecoins, saying the hype had led to "excessive exuberance". Proceeds from the share sale would be used to support global initiatives including stablecoin development, licensing efforts, and the build-out of a digital payment network, OSL said in a statement. "The funding will accelerate our global build-out — particularly in regulated stablecoin infrastructure and compliant payment rails," said Ivan Wong, chief financial officer of OSL Group. Since transforming last year into a company fully dedicated to digital assets, OSL has secured an exchange licence in Australia and completed acquisitions in Japan and Europe. OSL has also said it would step up investment in the so-called Real-World-Assets business, converting traditional assets into digital tokens. Stablecoins are cryptocurrencies pegged to assets such as fiat currencies. Hong Kong is racing against the U.S. in setting up a licensing framework for stablecoin issuers.
