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OSL Group Completes Asia’s Largest $300M Digital Asset Equity Raise as Shares Drop

Priced at HK$14.90 per share, the funds will support stablecoin development, payment network build-out, licensing efforts under a regulatory framework starting August 1

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OSL, funding, investments, digital assets
Hong Kong OSL stablecoin stablecoins

Overview

  • OSL Group raised HK$2.36 billion ($300 million) through existing share sales, top-up subscriptions and new share issuance at a 15.3% discount to Friday’s closing price.
  • Shares opened down more than 10% on July 25 as investors weighed dilution concerns from the discounted placement.
  • The equity proceeds are earmarked for global stablecoin infrastructure, compliant payment rails and securing additional digital-asset licenses.
  • Hong Kong’s new stablecoin regulations take effect August 1 after the HKMA chief warned of excessive market speculation.
  • Since converting to a pure digital-asset company last year, OSL has secured an Australian exchange license and expanded through acquisitions in Japan and Europe.