The licence enables OSL to provide payment and custody services and facilitate OTC transactions to wholesale clients under ASIC oversight, as Banxa COO Sean Moynihan joins Visa, Coinbase and EY at the Australian Digital Economy Conference to discuss agentic commerce and the future of stablecoins payments.
SYDNEY, June 17, 2026 — OSL Group (HKEX: 863) (OSL), a global stablecoin payment and trading platform, today announced its Australian entity has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investments Commission (ASIC). The licence establishes a locally regulated foundation for OSL to provide institutional digital asset, payments and custody services to wholesale clients in Australia.
The announcement coincides with the annual Digital Economy Council of Australia (DECA) conference in Sydney, where Sean Moynihan, COO of Banxa (an OSL Group company), joined an executive roundtable on Agentic Commerce and the Role of Stablecoins in Future Payments alongside representatives from Visa, Coinbase, EY and other industry leaders.
A Regulated Foundation for Institutional Growth
Under the AFSL, OSL's Australian entity is authorised to provide payment and custody services and to facilitate OTC transactions to wholesale clients. This includes support for institutional stablecoin and payment settlement infrastructure — capabilities increasingly demanded by banks, fintechs, payment service providers, OTC desks and enterprise treasury teams as stablecoin integration continues to grow across the region.
The licence builds on OSL Group's expansion of its compliant global payment network. Following the completion of its acquisition of Banxa Holdings — a global payment infrastructure company founded in Melbourne— in January 2026, the launch of B2B cross-border payment solution OSL BizPay, and the rollout of the regulated enterprise stablecoin USDGO, backed by the US dollar, OSL Group now holds or is applying for over 50 licenses and registrations across more than 10 regions globally.
Kevin Cui, Executive Director and Chief Executive Officer at OSL Group, said,
"At OSL, we're building the regulated rails to unlock a unified, borderless financial flow. Demand for more efficient and reliable international payments is accelerating, and stablecoin infrastructure is becoming central to connecting businesses across key corridors between Australia, Asia and global markets. Securing our AFSL demonstrates our commitment to Australia and our many enterprise partners who rely on us to move value safely across borders."
The licence marks a significant step in OSL's strategy to expand its regulated digital asset and payment infrastructure and arrives as Australia advances its digital asset regulatory framework. With Banxa's established presence in Australia and global compliance network, OSL can support enterprise clients looking to access cross-border payment and settlement solutions through regulated local infrastructure.
The licence also supports OSL's ability to strengthen local banking relationships, fiat payment access and institutional onboarding — key enablers for connecting Australia to Asia and beyond. For enterprise and fintech partners — including payment service providers, merchants, financial institutions and treasury teams — this means working with a counterparty held to the standards expected of regulated financial institutions.
About OSL Group
OSL Group (HKEX: 863) is a global stablecoin payment and trading platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, please contact: [email protected]
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.