Annual Review -- Building on the Past, Gearing Up for the Future: OSL Group Writes a New Chapter in Its Global Payments Strategy

A Panoramic Review of 2025

December 2025 marked the fifth anniversary of OSL Group’s licensed operations. On this milestone occasion, OSL Group’s Executive Director and Chief Executive Officer, Kevin Cui, released an open letter outlining the Group’s renewed strategic positioning.

Today, OSL Group is no longer a traditional digital asset exchange in the conventional sense. It has evolved into Asia’s leading stablecoin trading and payments platform. This transformation reflects both the natural maturation of the industry and the result of OSL Group’s long-term strategic planning and disciplined execution—signaling the

Strategic Upgrade

Payments Transformation Comes into Full Effect

OSL BizPay Sets Sail

As the Group’s core B2B business, OSL BizPay delivers compliant payment solutions for enterprises and institutions, enabling T+0 settlement with funds credited in as little as three hours. The platform seamlessly integrates trading and payment capabilities, forming a highly efficient closed-loop solution.

USDGO Makes Its Debut

USDGO is a U.S. dollar–pegged stablecoin (1:1), scheduled to launch in the first quarter of 2026. It will be issued by Anchorage Digital Bank, a U.S. federally regulated institution. USDGO is a cornerstone of OSL Group’s stablecoin-based payment and settlement ecosystem.

Strong Performance from OSL Pay

Supporting over 120 major fiat-to-digital asset trading pairs, OSL Pay processes more than 40,000 orders daily. Within less than three months of its launch in the first half of 2025, it contributed nearly 30% of the Group’s total revenue..

Brand Evolution and Renewal

Fifth Anniversary Documentary – No Ramp

The documentary chronicles five years of regulated operations, offering insights into OSL Group’s forward-looking strategy amid market volatility. It explores how the Group is building a globally compliant stablecoin trading and payments ecosystem to bridge digital assets with the real economy and enable a native, borderless financial paradigm.

Inaugural Finternet Asia Digital Finance Summit

Strongly supported by OSL Group, the summit brought together over 1,500 global industry leaders, regulators, and innovators in Hong Kong. Discussions focused on compliant digital finance, institutional adoption, and real-economy applications, establishing the event as a flagship industry gathering in Asia for 2025.

Recognition from Leading International Media

OSL Group was named one of CNBC’s “Top Global FinTech Companies 2025”, becoming the only Hong Kong-based digital asset firm to receive this honor.

Institutional Services for the Broader Public

OSL HK launched the “VIP 1000 Program,” opening institutional-grade services to qualified individual investors. The Group also partnered with Hong Kong’s iconic tram system and the MTR Corporation to celebrate its anniversary alongside the wider community.

Global Expansion

Capital Raise Validates Market Confidence

On July 25, 2025, OSL Group completed an approximately US$300 million public equity financing, the largest of its kind in Asia’s digital asset sector. This strengthened the Group’s capital base to support future M&A opportunities and expansion of stablecoin and payments businesses.

Acquisitions Strengthen Capabilities

Banxa (Payments Infrastructure)

In June 2025, OSL announced its proposed acquisition of Banxa, a leading publicly listed global Web3 payments provider, for approximately HKD 486.7 million. Integrating Banxa’s global fiat on/off-ramp and payments network will significantly enhance OSL Group’s global payments capabilities.

OSL Japan

In February 2025, OSL Group completed the acquisition of CoinBest, later rebranded as OSL Japan, deepening the Group’s localized operations and long-term commitment in Japan’s regulated digital asset market.

OSL Indonesia

In September 2025, OSL Group acquired Koinsayang, subsequently rebranded as OSL Indonesia, strengthening regional coverage and user reach in the Indonesian market.

Regulatory Recognition

Bermuda

Awarded a full Class F Digital Asset Business License by the Bermuda Monetary Authority

Europe

Compliant spot and derivatives trading services to launch in Q1 2026

Europe

Stablecoin payment services to be introduced for wholesale clients

Strengthening the Foundation While Innovating

OTC Trading Scale

Cumulative institutional OTC trading volume exceeded US$12 billion

Exchange User Growth

OSL Global officially launched; total compliant users across platforms surpassed 120,000

System Stability & Asset Security

Maintained zero asset loss and zero security incidents throughout 2025

Tokenization Milestones

Served as the sole trading platform and custodian for Asia’s first Solana ETF, and distributed the region’s first retail-facing RWA tokenized fund

Looking Ahead: The 2026 Blueprint

Expanding the Payments Footprint

Further geographic expansion with a focus on cross-border trade, corporate payments, and treasury management—bridging stablecoins with compliant fiat rails to enable lower-cost, higher-efficiency capital flows.

Deepening Partnerships with Leading Institutions

Continued collaboration with top-tier Web2 and Web3 institutions across stablecoins, payments, and RWAs to strengthen ecosystem synergy and long-term business engagement.

Strategic Coordination Across Trading Platforms

Ongoing enhancement of compliant and secure trading infrastructure, positioning OSL’s global trading platforms as a key strategic pillar within the Group’s broader payments ecosystem.

Message from the CEO

“2025 was a pivotal year for OSL Group—one that bridged the past and the future. We successfully executed a strategic upgrade, reshaped our brand, and made significant progress in global expansion and multiple business lines.

Amid market noise, foresight and disciplined execution have paid off. After five years of deep commitment, OSL Group has emerged as Asia’s leading stablecoin trading and payments platform—a milestone we are immensely proud of.

Looking ahead to 2026, market volatility in the crypto space may persist, but it will not distract us from our focus on building a compliant stablecoin payments ecosystem. We firmly believe the future of digital assets lies not in speculation, but in real-world applications that deliver tangible value.

OSL Group will continue to uphold regulatory integrity, advance with steady innovation, and explore sustainable pathways for digital assets to serve the real economy—writing the next chapter in our global stablecoin payments strategy.”

OSL Group

Executive Director & Chief Executive Officer

Kevin Cui