OSL Group Ltd Expands Digital Asset Services and Acquires Indonesian Firm

In a series of strategic moves, OSL Group Ltd, a technology and digital asset company listed on the Hong Kong Stock Exchange, has made significant strides in expanding its offerings and geographic footprint. The company, known for its software-as-a-service, brokerage, exchange, and insured custody services, has recently introduced new initiatives and completed a notable acquisition.

On June 2, 2025, OSL Group announced the launch of sUSDe access for eligible investors through its over-the-counter (OTC) desk. This initiative, led by OSL Wealth, aims to provide dollar stability with sustainable returns, leveraging OSL’s regulated infrastructure for seamless trading and institutional-grade custody solutions. Tony Luk, Head of OSL Wealth, emphasized the transformation of a complex DeFi strategy into a simple, secure solution, highlighting the integration of sUSDe into OSL’s robust compliance and security framework. Steven Shi, Head of Institutional Growth at Ethena Labs, praised OSL as an ideal partner, noting the transparency and security offered to clients through this new offering.

In another significant development, OSL Group has acquired a 90% stake in Evergreen Crest Holdings, an Indonesian licensed digital asset firm, for approximately USD 15 million. This acquisition, announced on June 2, 2025, involves OSL Midaspay Limited, a wholly-owned subsidiary of OSL Group. Evergreen Crest Holdings is in the process of establishing a digital asset exchange and holds licenses for futures brokerage and crypto trading in Indonesia. The acquisition will be financed through the allotment and issue of nearly 9.2662 million shares, representing 1.46% of the enlarged issued share capital, at an issue price of HKD 12.68 per share. This price reflects a 3.59% premium over the closing price of HKD 12.24 per share on the date of the share purchase agreement.

These developments underscore OSL Group’s commitment to expanding its digital asset services and enhancing its market presence in Asia. With a market capitalization of 7.38 billion HKD and a price-to-earnings ratio of 142.46, the company continues to navigate the dynamic financial landscape, positioning itself as a key player in the digital asset industry. As OSL Group moves forward with these strategic initiatives, stakeholders and investors will be keenly watching its progress in delivering innovative solutions and driving growth in the digital asset space.