Hong Kong’s OSL Raises $300M to Build Stablecoin Infrastructure as New Regulations Launch
The post Hong Kong’s OSL Raises $300M to Build Stablecoin Infrastructure as New Regulations Launch appeared on BitcoinEthereumNews.com. Hong Kong-based crypto exchange OSL Group completed a $300 million funding round on July 25, marking the largest public digital asset investment in Asia this year. The massive raise comes just one week before Hong Kong launches strict new rules for stablecoin companies on August 1. OSL, which trades on the Hong Kong Stock Exchange under ticker 863.HK, sold shares at a 15% discount to raise the money. The company plans to use these funds to expand globally and build payment systems that work with both traditional money and digital currencies. Why This Matters Now Hong Kong’s new stablecoin law takes effect August 1, 2025. This law requires any company that issues stablecoins in Hong Kong to get a license from the Hong Kong Monetary Authority (HKMA). Companies that break these rules face fines up to $6,300 and six months in jail. Stablecoins are digital currencies designed to maintain steady value by backing each coin with real money or other stable assets. Unlike Bitcoin, which can swing wildly in price, stablecoins aim to stay at a fixed value like $1 per coin. The global stablecoin market is worth about $232 billion today, making it a major part of the crypto economy. Companies use stablecoins for fast international payments and as a bridge between traditional banking and digital assets. OSL’s Strategic Advantage OSL holds a unique position in this market. The company became the first crypto exchange to receive a full license from Hong Kong regulators in December 2020. This head start gives OSL significant advantages as new stablecoin rules begin. “This $300 million equity raise marks a major milestone in our journey and reflects strong conviction in OSL’s digital asset strategy,” said Ivan Wong, OSL’s chief financial officer. The company will focus the new money on three main areas: buying…
The post Hong Kong’s OSL Raises $300M to Build Stablecoin Infrastructure as New Regulations Launch appeared on BitcoinEthereumNews.com.
Hong Kong-based crypto exchange OSL Group completed a $300 million funding round on July 25, marking the largest public digital asset investment in Asia this year. The massive raise comes just one week before Hong Kong launches strict new rules for stablecoin companies on August 1. OSL, which trades on the Hong Kong Stock Exchange under ticker 863.HK, sold shares at a 15% discount to raise the money. The company plans to use these funds to expand globally and build payment systems that work with both traditional money and digital currencies. Why This Matters Now Hong Kong’s new stablecoin law takes effect August 1, 2025. This law requires any company that issues stablecoins in Hong Kong to get a license from the Hong Kong Monetary Authority (HKMA). Companies that break these rules face fines up to $6,300 and six months in jail. Stablecoins are digital currencies designed to maintain steady value by backing each coin with real money or other stable assets. Unlike Bitcoin, which can swing wildly in price, stablecoins aim to stay at a fixed value like $1 per coin. The global stablecoin market is worth about $232 billion today, making it a major part of the crypto economy. Companies use stablecoins for fast international payments and as a bridge between traditional banking and digital assets. OSL’s Strategic Advantage OSL holds a unique position in this market. The company became the first crypto exchange to receive a full license from Hong Kong regulators in December 2020. This head start gives OSL significant advantages as new stablecoin rules begin. “This $300 million equity raise marks a major milestone in our journey and reflects strong conviction in OSL’s digital asset strategy,” said Ivan Wong, OSL’s chief financial officer. The company will focus the new money on three main areas: buying…
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