The OSL group based in Hong Kong, Group OSL, raised $ 300 million in a sale in shares.
Osl, who was the first exchange to win a license from Hong Kong Monetary Authority (HKMA), said that it would use the new capital to develop new commercial initiatives, such as the payment of construction and Stablecoin services.
Hong Kong will begin to authorize the emission of Stablecoin as part of a new regulatory regime which will take effect in early August. It is revealing a range of digital asset regulation policies, establishing a framework to supervise exchanges and guards for risk management and investor protection.
It also plans to allow professional investors to exchange derivatives.
OSL also plans to use capital to support acquisition plans and strengthen its balance sheet.
Read more: the market has become “too excited” for Stablecoins, says the financial regulator of Hong Kong
