OSL Group Secures Australian AFSL License for Crypto Services

OSL Group expands into Australia after securing an AFSL license from ASIC, enabling OTC, custody, and stablecoin services for institutional clients.

The Hong Kong-listed company announced that its local subsidiary has successfully obtained an Australian Financial Services Licence (AFSL) from the Australian Securities and Investments Commission (ASIC). This regulatory milestone authorizes OSL to provide payment and custody services, as well as facilitate over-the-counter (OTC) transactions for professional and institutional clients.

This approval arrives as global financial institutions ramp up the integration of blockchain-based payments and stablecoins into the traditional financial framework.

Australia as a Gateway to the Institutional Market

For OSL, this license represents more than just a regulatory green light. The firm views it as the foundation for building institutional digital asset infrastructure across Australia and the broader Asia-Pacific region.

The company is focusing its efforts on banks, fintech firms, payment operators, and corporate clients seeking regulated solutions for digital asset storage and international settlements.

OSL identifies significant potential in using stablecoins as an alternative to traditional cross-border payment systems, which are frequently hampered by high costs and slow settlement times.

The new license empowers OSL to expand this specific segment while remaining fully compliant with Australian regulatory standards.

Banxa Integration and Stablecoin Focus

The Australian expansion follows the acquisition of Banxa Holdings in early 2026, a company with Australian roots specializing in digital asset payment infrastructure.

This deal is considered a cornerstone of OSL’s strategy to establish a global payment network connecting traditional financial institutions with the blockchain ecosystem.

OSL intends to leverage Banxa’s existing infrastructure and regulatory expertise to accelerate the rollout of new products, including solutions centered on the USDGO stablecoin.

Management believes that regulated digital dollar assets could serve as the backbone for the next generation of international payments.

The Race for Regulated Crypto Services Accelerates

Securing the license comes at a time when companies are racing to establish a presence in regulated markets ahead of a projected wave of institutional entry into the sector.

OSL reports that it currently holds or is applying for over 50 licenses and registrations across more than 10 jurisdictions globally. This activity positions the company as one of the most proactive players in developing international regulatory infrastructure for digital assets.

The news was shared during the Digital Economy Council of Australia conference in Sydney, where company representatives joined discussions regarding the future of stablecoins and their role in digital payments.

For investors, this license signals a shift in the sector from speculative trading toward the construction of tangible financial infrastructure. For OSL, Australia may become a vital bridge connecting Asian markets with the global digital asset economy.