OSL Group Collaborates with Reap to Accelerate Stablecoin Payments and Build a Global Ecosystem

This collaboration brings together OSL's extensive expertise in global stablecoin infrastructure, liquidity, and compliant cross-border payment networks, alongside Reap's proven track record in global stablecoin card issuing and cross border payments infrastructure. The collaboration seeks to expand the real-world applications of stablecoins across personal consumption, corporate payments, and expense management, while also exploring cutting-edge developments in the stablecoin ecosystem, such as agentic payments.

Leveraging its globally compliant network and institutional-grade infrastructure, OSL emerged as the world's largest stablecoin payment infrastructure company by B2B transaction volume in 2025. It also operates USDGO, the world's sixth-largest compliant US dollar enterprise stablecoin, with a circulating supply exceeding USD 1.2 billion.

Reap is a global cards and payments fintech and also a Visa Principal Member in Hong Kong and Mexico. In September, it became the first fintech in Asia to bring stablecoin-linked credit card programmes to more than 100 markets with Visa in compliance with local regulations, extending its card issuing infrastructure into EMEA and Africa. Its products include stablecoin-linked corporate cards, business accounts, cross-border payments, embedded finance and agentic payments.

About Reap

Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure.

Our mission is to transform the financial landscape into a more interconnected space for efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.

Reap was an early leader in Asia to incorporate stablecoins into our solutions and now processes billions in stablecoin-funded transaction flows, reflecting the rapid adoption of stablecoins by businesses globally. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.

In 2026, Reap was acquired by Payward, the parent of Kraken, in one of Asia’s largest fintech exits, joining one interoperable stack spanning trading, custody, payments, lending, onchain finance, and benchmarks.

Founded in 2018 in Hong Kong, Reap now employs 300 people worldwide.

More information about Reap can be found at reap.global.

Disclaimer

This article is for informational purposes only and does not constitute, and shall not be construed as, an offer, solicitation, invitation, recommendation, or inducement to buy, sell, subscribe for, or otherwise deal in any digital assets, securities, or financial products. It does not constitute financial, investment, legal, tax, accounting, or other professional advice and should not be relied upon as such. The views, statements, and information contained herein do not necessarily reflect the official positions or commitments of OSL Group or any of its affiliates. Any descriptions of products, services, promotions, or programmes are for general reference only. Participation in any products, services, or promotions mentioned is subject to applicable terms, conditions, and regulatory requirements. This article may contain forward-looking statements or indicative information. Actual outcomes may differ materially, and OSL Group assumes no obligation to update such information.

For the avoidance of doubt, this article is strictly intended for Professional Investors (as defined under the Securities and Futures Ordinance (Cap. 571) and its subsidiary legislation) and is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to applicable laws or regulations. This article does not constitute active marketing to the public in Hong Kong.

The products referenced in this document may constitute Specified Stablecoins under the Stablecoin Ordinance (Cap. 656) ("Stablecoin Ordinance"). However, the issuers of the relevant products and OSLDS are not licensed under the Stablecoin Ordinance to conduct Regulated Stablecoin Activities in Hong Kong. OSLDS is a Permitted Offeror under the Stablecoin Ordinance, and OSLDS only offers such products and services in Hong Kong to clients who have been verified and accepted by OSLDS as professional investors.