Summary
- OSL Group, based in Hong Kong, announced it had secured about ₩410 billion in funding to expand its virtual asset business.
- OSL Group stated it plans to use the funds for the global expansion of stablecoin infrastructure and compliant payment systems.
- Hong Kong announced it will implement stablecoin regulations starting this August.
OSL Group, a digital asset company based in Hong Kong, has succeeded in raising funds for expanding its virtual asset (cryptocurrency) business.
According to Bloomberg on the 25th (Korea time), OSL Group secured funding amounting to $300 million (about ₩410 billion) through a public stock offering.
Ivan Wong, CFO of OSL Group, stated in a press release, "With this funding, we will accelerate the global expansion of stablecoin infrastructure and compliant payment systems."
Meanwhile, Hong Kong is scheduled to implement stablecoin regulations starting this August.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
