OSL Group Completes Acquisition of Banxa, Accelerating Construction of Global Compliant Payment Network
OSL Group (863.HK), a leading stablecoin trading and payment platform in Asia, has announced the completion of its strategic acquisition of Banxa Holdings Inc., a global Web3 payment service provider. This marks a significant milestone in OSL's strategy to build a global compliant payment network and expand its stablecoin ecosystem.
Following a strategic and brand upgrade in 2025, OSL has transformed from Hong Kong's first licensed digital asset exchange into an international hub for stablecoin trading and payments. The acquisition of Banxa grants OSL Group access to over 40 transaction and payment licenses and registrations across key markets including the U.S., Canada, the EU, the U.K., and Australia.
According to Patrick Pan, CEO of OSL Group, this acquisition is crucial for establishing a global stablecoin trading and payment ecosystem. The expanded network will enhance OSL's ability to provide seamless, compliant connections between fiat and digital assets, supporting cross-border commercial payment demands and serving the real economy.
marsbit01/02 11:09
