Hong Kong Crypto Exchange OSL Closes $300M Equity Round

OSL Group, a subsidiary of BC Technology Group, completed the funding round on Friday, July 25, in Hong Kong. The capital will accelerate OSL’s rollout of stablecoin products, secure regulatory approvals across jurisdictions and build cross-border digital payment infrastructure for institutional and retail clients.

Proceeds from the financing will fund OSL’s stablecoin issuance plans and support applications for virtual asset service provider licenses in multiple markets. The firm will also fund development of its global payment rails and enhance custody and prime brokerage offerings.

OSL currently holds a Type 1 license dealing license from Hong Kong’s Securities and Futures Commission, plus additional licenses in Singapore and the UK for digital asset operations. OSL serves asset managers, exchanges and family offices with custody, brokerage and token issuance services.

Founded in 2018 as part of BC Technology Group, OSL operates as a regulated gateway for institutional crypto activity in Asia. The firm plans to use the funding to expand into new markets where it can secure appropriate regulatory licenses for digital asset services.

OSL indicated it will prioritize jurisdictions with established regulatory frameworks for digital assets, though specific markets and timelines remain undisclosed. While OSL secured participation from global venture funds and strategic partners, the company has not disclosed investor identities or specific deal terms.

Parent company BC Technology Group (863.HK) trades on the Hong Kong Stock Exchange. The company’s stock price has gained 45% year-to-date as investor interest in regulated crypto infrastructure has increased.

OSL competes with other licensed digital asset platforms in Asia, including Singapore-based firms and traditional financial institutions offering crypto services. Company plans to leverage the new capital to enhance its regulatory compliance capabilities and expand into new jurisdictions seeking licensed crypto infrastructure providers.