(Hong Kong, 5 December 2024) - OSL Group Limited (863.HK), a Hong Kong publicly listed company fully dedicated to digital assets ("OSL"), today announced a strategic initiative to collaborate with industry partners to invest up to US$30 million to accelerate growth of the PayFi ecosystem globally.
Emerging as a crucial component of Web3, PayFi is integral to OSL's strategic development. The proposed investments will focus on fostering partnerships and supporting projects related to payment products and services involving cryptocurrencies and stablecoins. Through engagement with various industry partners, including card issuers, lending platforms, and payment and digital wallet service providers, OSL aims to enhance the entire PayFi ecosystem.
The integration of PayFi with regulated digital asset platforms is essential for the sector's growth, providing a robust infrastructure that ensures regulatory compliance and seamless fiat settlement. This integration also promotes technological advancement and encourages the innovation of new financial products, further driving the adoption and evolution of PayFi. With strong connections to banks and deep liquidity, OSL is well-positioned to bridge the gap between traditional finance and the Web3 ecosystem, facilitating efficient cross-border payments and asset transfers in the regulated space.
Guoliang Hao, Chief Business Officer of OSL, stated: "As a regulated digital asset platform, OSL has a lot to offer in the advancement of PayFi, providing a compliant and secure platform to support different PayFi transactions and fiat settlements. PayFi is central to our strategic roadmap, and we will leverage our strengths to fully support its development and unlock its full potential. We are also proactively seeking partners and welcome any interested parties to collaborate with us."
This investment underscores OSL's commitment to the development of PayFi Ecosystem, aligning with its vision of enabling trusted access to digital assets for individuals and businesses alike.
About OSL Hong Kong
As a subsidiary of the publicly listed OSL Group (HKEX: 863.HK), OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors, combining regulatory compliance with cutting-edge blockchain technology.
OSL Hong Kong delivers services across five core domains: brokerage, omnibus solutions, custody, wealth management, and exchange. The brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite includes innovative products such as tokenised money market fund, with parallel exchange services ensuring compliant market access for professional and retail investors.
As a pioneer in bridging traditional finance and the digital asset economy, OSL Hong Kong adheres to the “Open, Secure, Licensed” principles, serving as a cornerstone of Asia’s regulated digital asset ecosystem. In addition, OSL leads with compliance-first expansion—now in Japan, Australia, and beyond—delivering secure, tailored solutions worldwide.
For more information, visit osl.com.
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