Digital asset platform OSL Group reported a 58% year-on-year income improve for the primary half of 2025, reaching HK$195.4 million ($25.1 million), at the same time as working losses greater than doubled throughout its aggressive international enlargement.
Key Takeaways:
- OSL Group’s H1 income rose 58% to $25.1 million, pushed by acquisitions and natural progress.
- Working losses greater than doubled on account of a speedy enlargement in headcount.
- OSL Pay accounted for 29% of income, whereas a $300M elevate will gas additional international progress.
In its interim monetary report launched Thursday night, the Hong Kong-based firm mentioned losses from persevering with operations widened to HK$20.3 million ($2.6 million), up from HK$9.6 million a 12 months earlier.
The corporate attributed the rising loss primarily to a pointy rise in headcount, increasing from 167 workers to 568 inside a 12 months.
OSL Attributes Income Surge to Natural Progress and Strategic Acquisitions
OSL mentioned the income good points had been fueled by natural progress and up to date strategic acquisitions, based on a separate assertion revealed on Thursday.
Key strikes included the February buy of Japanese crypto alternate CoinBest and a June settlement to accumulate a 90% stake in Evergreen Crest, an Indonesian alternate operator, via a $15 million share deal.
One of many standout performers was OSL Pay, its crypto on-and-off ramp platform launched in April.
The division generated HK$55.9 million (US$7.2 million) within the first half, contributing 29% of whole group income.
“Progress and funding outlined OSL Group’s efficiency within the first half of this 12 months,” mentioned Kevin Cui, CEO of OSL Group.
He added that each core enterprise income and transaction quantity rose considerably, whereas the agency retained the biggest market share in ETF custodial belongings in Hong Kong.
OSL shares rose 6.6% in noon buying and selling Friday, based on Yahoo Finance. Regardless of a 5.2% dip over the previous month, the inventory is up greater than 114% year-to-date.
In July, OSL raised $300 million via an fairness financing spherical, marking the biggest publicly disclosed capital elevate within the area’s crypto house to this point.
OSL Group (HKEX: 863) has efficiently accomplished a US$300 million fairness elevate — the biggest public fairness financing in Asia’s digital asset sector to this point.
Based on OSL CFO Ivan Wong, this milestone displays sturdy investor confidence in OSL’s technique and can additional… pic.twitter.com/IEugUVoIc6— OSL (@osldotcom) July 25, 2025
The agency, listed underneath ticker 0863.HK, mentioned proceeds from the deal will fund international enlargement efforts, together with the event of regulated stablecoin infrastructure, licensing in new jurisdictions, and the launch of a compliant digital funds community.
Hong Kong Broadcasts New Digital Asset Coverage
Hong Kong has unveiled its second main coverage assertion on digital belongings, inserting stablecoin regulation and real-world asset (RWA) tokenization on the core of its technique to turn out to be a world fintech hub.
The brand new “LEAP” framework focuses on authorized readability, ecosystem progress, real-world adoption, and expertise improvement, with a stablecoin licensing regime set to launch on August 1.
The federal government additionally plans to control tokenized authorities bonds and ETFs, paving the best way for secondary market buying and selling of those merchandise on licensed digital asset platforms.
It goals to develop tokenization efforts into sectors like metals and renewable power, highlighting use circumstances similar to gold and photo voltaic panels.
As reported, professionals working within the crypto and hedge fund sectors are enjoying a key function in supporting Hong Kong’s residential rental market, which continues to wrestle on account of weak conventional demand sources.
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