Osl Pay accelerates expansion in Europe New $200 million round
The Hong Kong group's digital assets division raises funding to half a billion dollars in six months, with a focus on Italia as a base for the Old Continent: 'Secure and compliant solutions for institutional operators, fintechs and corporates'
by P.Sol
Osl Pay is accelerating its expansion strategy in Europe, with a strong focus on Italia. The strengthening of the European presence of Osl Group's division dedicated to the integration of traditional finance and digital assets is part of a broader context of the group's growth, supported by the announcement of a new USD 200 million equity financing by Osl Group, aimed at supporting the global expansion and consolidation of its regulated activities in the payments and digital assets sectors.
This capital strengthening confirms the Hong Kong-based group's industrial vision and strategy to support the development of a regulated, secure and scalable digital financial ecosystem in Europe in the medium to long term. Last summer, the parent company, whose brand name stands for 'open, secure, licensed', had closed a USD 300 million financing round, the most significant in Asia in the digital asset sector, with resources aimed precisely at international expansion and, in particular, in Europe.
Osl Pay has chosen Italia as its base and key market for expansion in Europe, based on three main factors: a strong cultural and regulatory affinity between Italia and Hong Kong, one of the most stable jurisdictions in Europe, and a financial and business ecosystem open to innovation and collaboration. Osl Pay's presence in Milan represents a fundamental step in consolidating the link between Asian and European markets also in the new digital finance.
In line with its expansion in Europe, the Italian branch has launched a strategic recruitment plan. The plan includes the hiring of key profiles in crucial roles such as compliance, risk management, anti-money laundering, operations, ICT and business development.
The aim is to consolidate the group's presence in the territory and ensure that the growth strategy is supported by local talent capable of meeting the challenges of a rapidly changing market, explains a note.
