Core Viewpoint - OSL Group reported strong mid-year performance with significant revenue growth, driven by its new payment business, OSL Pay, which has become a key growth engine since its launch in April [1] Financial Performance - Core business revenue reached HKD 189 million, a year-on-year increase of 187% [1] - Total revenue amounted to HKD 195 million, reflecting a year-on-year growth of 58% [1] - OSL Pay generated revenue of HKD 55.94 million, accounting for 29% of total revenue [1] - Total transaction volume on the platform was HKD 68.2 billion, up 200% year-on-year [1] - Custodial assets reached HKD 56.94 billion, marking a 50% increase year-on-year [1] Business Development - OSL Pay has shown strong revenue performance since its launch, indicating its role as a major growth driver [1] - The company plans to explore and expand its payment business while building a compliant and efficient global digital asset payment solution [1] - OSL Group is accelerating its internationalization strategy and has completed several significant acquisitions [1]

Core Viewpoint - OSL Group reported strong mid-year performance with significant revenue growth, driven by its new payment business, OSL Pay, which has become a key growth engine since its launch in April [1] Financial Performance - Core business revenue reached HKD 189 million, a year-on-year increase of 187% [1] - Total revenue amounted to HKD 195 million, reflecting a year-on-year growth of 58% [1] - OSL Pay generated revenue of HKD 55.94 million, accounting for 29% of total revenue [1] - Total transaction volume on the platform was HKD 68.2 billion, up 200% year-on-year [1] - Custodial asset scale reached HKD 56.94 billion, marking a 50% increase year-on-year [1] Business Development - OSL Pay has shown strong revenue performance since its launch, indicating its role as a major growth driver for the company [1] - The company aims to explore and expand its payment business while building a compliant and efficient global digital asset payment solution [1] - OSL Group is accelerating its internationalization strategy and has completed several significant acquisitions [1]

Core Insights - OSL Group reported significant revenue growth but faces profitability pressures, with total revenue reaching HKD 195 million, a 58% year-on-year increase, and core business revenue soaring by 187% to HKD 189 million [1][2] - The newly launched OSL Pay contributed HKD 55.94 million in just three months, accounting for 29% of total revenue, highlighting its role as a new growth engine for the company [1][2] Business Performance - The total trading volume on the OSL platform surged to HKD 68.2 billion, marking a 200% increase year-on-year, indicating a substantial rise in market activity [2] - OSL's custody asset scale reached HKD 56.94 billion, up 50% year-on-year, with the ETF custody asset market share remaining the largest in Hong Kong, reflecting growing demand for compliant custody services from institutional investors [2] Operational Challenges - The workforce expanded dramatically by 240%, from 167 employees in June 2024 to 568 in June 2025, leading to increased operational costs and pressure on profit margins [2][3] - The company acknowledged the need to enhance operational efficiency and improve financial profitability, suggesting that profit performance may not keep pace with revenue growth [2][3] Industry Context - OSL's performance illustrates the typical trajectory of compliance development in the digital asset industry, benefiting from improved regulatory frameworks and participation from traditional financial institutions [3] - The rapid rise of OSL Pay indicates a genuine market demand for digital asset payment channels, aligning with industry trends discussed at the recent Bitcoin Asia conference [3] - The significant increase in personnel and associated costs, along with compliance expenses during international expansion, will continue to test OSL's operational capabilities [3]

Core Insights - OSL Group reported significant growth in its interim results for the six months ending June 30, 2025, driven by a dual strategy of organic growth and strategic acquisitions [1][2] - The company's core business revenue reached HKD 189 million, a year-on-year increase of 187%, while total revenue was HKD 195 million, up 58% [1] - The newly launched OSL Pay generated HKD 55.94 million in revenue, accounting for 29% of total revenue, and the platform's total trading volume reached HKD 68.2 billion, a 200% increase year-on-year [1] - The assets under custody grew to HKD 56.94 billion, reflecting a 50% year-on-year increase [1] Business Strategy - OSL Pay has emerged as a key growth driver since its launch in April 2025, providing a licensed and compliant digital asset deposit and withdrawal channel for global clients [1][2] - The company is focused on expanding its payment business while enhancing its core operations to create a compliant and efficient global digital asset payment solution [1] - OSL Group is accelerating its international strategy through significant acquisitions and strengthening its technology, compliance, and customer service capabilities [1][3] Market Position - OSL Group maintains the largest market share in ETF custody assets in Hong Kong, indicating strong recognition from users and investors for its compliant digital asset services [2] - The company is actively expanding its compliance services into markets such as Japan, Australia, and Europe, while also exploring opportunities in Southeast Asia [3] - OSL Group aims to solidify its position as a leading enterprise-level compliant digital economy infrastructure platform by leveraging its global licensing network and technological advantages [2]

Core Insights - OSL Group reported significant growth in its core business revenue, achieving HKD 189 million, a 187% year-on-year increase, and total revenue of HKD 195 million, up 58% year-on-year [1] - The newly launched OSL Pay business generated HKD 55.94 million, accounting for 29% of total revenue, highlighting its role as a key growth driver [1] - The total transaction volume on the platform reached HKD 68.2 billion, marking a 200% increase year-on-year, while the assets under custody grew to HKD 56.94 billion, a 50% increase [1] Business Strategy - The company is pursuing a dual growth strategy of "organic growth + strategic acquisitions," which has led to record revenue and significant growth in digital asset trading and custody services [1] - OSL Group is accelerating its internationalization strategy, completing several key acquisitions and enhancing its technology, compliance, and customer service capabilities [1][2] - The workforce expanded from 167 employees in June 2024 to 568 employees in June 2025, indicating a focus on scaling operations and improving financial margins [1] Future Outlook - The CEO emphasized that growth and investment are key themes for the first half of the year, with a focus on maintaining competitiveness while seizing industry opportunities [2] - The company plans to continue developing its global compliance strategy and expand its payment business to solidify its position as a leading enterprise-level compliant digital economy infrastructure platform [2] - OSL Group is actively expanding its compliance services into markets such as Japan, Australia, and Europe, while also exploring opportunities in Southeast Asia [3]

Group 1 - OSL Group has completed a $300 million (approximately 2.15 billion RMB) equity financing, marking the largest publicly disclosed equity financing in Asia's digital asset industry this year [2][4] - Following the announcement, OSL Group's market capitalization exceeded HKD 10.7 billion, reflecting a 78% increase year-to-date [2][4] - The financing transaction involved a "pre-existing to new" placement, where major shareholders sold old shares to external investors before the company issued new shares at the same price [4] Group 2 - The financing will be allocated to three main areas: 45% for licensing and strategic acquisitions, 35% for payment and stablecoin infrastructure, and 20% for operational cash flow [5][4] - OSL aims to secure licenses in Japan, Australia, and the EU by 2025, with potential acquisitions including a UK compliance custody firm and a Singapore fiat gateway startup, with transaction values between $20 million and $50 million [4] - The company plans to launch "OSL Pay," integrating fiat, stablecoins, and BTC/ETH for cross-border instant settlement, having already signed pilot agreements with three multinational logistics companies and two virtual banks [5][4] Group 3 - OSL Group's history dates back to 2013 when it was founded as BC Group, initially providing Bitcoin ATMs to bars [7] - The company transitioned to institutional OTC brokerage in 2015, achieving a trading volume of $120 million and a profit of $500,000 in its first year [7] - After facing challenges, including an 18% workforce reduction, OSL Group successfully rebranded and expanded globally, acquiring stakes in licensed exchanges in Japan and Canada [8][7]

Core Insights - OSL Group secured $300 million in equity financing to accelerate global expansion [1][2] - The new capital will be used for licensing, acquisitions, partnerships, and developing new payment and stablecoin initiatives [2][5] - OSL Group is expanding its regulated services across Japan, Australia, Europe, and potentially Southeast Asia [3][4] Company Expansion Plans - OSL Group has acquired regulated platforms in Japan, Indonesia, and Canada, with plans to expand into Vietnam, Thailand, Turkey, and Latin America [4] - The company is exploring partnerships with stablecoin issuers ahead of Hong Kong's stablecoin licensing regime launch [4][5] Services and Infrastructure - OSL Group offers regulated services including OTC brokerage, custody, retail trading channels, and wealth management solutions [3] - The company’s payments division, OSL Pay, aims to enhance regulated fiat-to-crypto infrastructure [5][6] - OSL Wealth, launched in April, focuses on traditional investors managing crypto assets, providing access to tokenized treasury assets and crypto-structured products [6]

Summary of OSL Group Conference Call Industry Overview - The global digital asset market is projected to exceed $10 trillion in trading volume in 2024, representing a 43% year-over-year growth, driven by the approval of the first Bitcoin spot ETF by the US SEC and Hong Kong's open policies towards virtual assets, attracting capital back to the region [2][4][5] - Hong Kong has made significant progress in the digital asset sector, including the launch of spot Bitcoin and Ethereum ETFs, and exploration in the Real World Asset (RWA) domain, with 11 virtual asset service platforms obtaining formal licenses by June 2025 [2][8][9] Company Performance - OSL Group reported a revenue of HKD 375 million for the fiscal year 2023, a 78.6% increase year-over-year, primarily due to significant growth in digital asset trading revenues and SaaS service fees [2][6] - The company achieved a profit of HKD 54.8 million in its ongoing operations for fiscal year 2024, recovering from a loss of HKD 250 million in the previous year, with total trading volume around HKD 100.5 billion, up 16.3% year-over-year [2][6][7] Strategic Initiatives - OSL Group is actively expanding into overseas markets, planning to establish a presence in Southeast Asia, Europe, and the Middle East, and has announced the acquisition of Ban Banka shares [2][7] - The company anticipates maintaining close to 80% growth in revenue from its digital asset and blockchain trading platform by the end of 2025, although profitability may be impacted by acquisition activities [7] Regulatory Environment - The digital asset industry is experiencing a dual drive of regulation and technological innovation, with the US SEC's approval of the Bitcoin spot ETF expected to enhance overall market trading volume and market capitalization [4][5] - Hong Kong's ETF allows direct use of cryptocurrencies for subscriptions and redemptions, providing greater flexibility and innovation compared to US ETFs [4][13] Technological Services - OSL Group offers a range of technological services, including SaaS, enterprise API support, and professional consulting services, ensuring clients have a secure and efficient operational experience [12] User Growth and Market Position - OSL Group has seen rapid user growth driven by compliance, with active customer numbers increasing by 130% in 2020 and 413% in 2021, despite a slight decline in overall trading volume in 2023 [22] Competitive Landscape - OSL holds multiple licenses, including securities trading, consulting, automated trading, and asset management licenses, differentiating itself from competitors like Hashkey [21] Future Outlook - The Hong Kong government’s open policies towards the crypto market have led to a significant capital influx, positioning Hong Kong as a major cryptocurrency hub in Asia [9]

RT OSL (@osldotcom)📢 OSL AMA #19｜链上世界高速扩张，最后一公里的支付挑战Web3基础设施飞速发展，但要实现大规模采用，支付通道和法币接入仍是关键。本期AMA，我們邀请到了多位行业嘉宾共同探讨如何打破这“最后一公里”障碍，推动数字金融未来💡🎙️主持人：Jack｜CMO of OSL @jackderong🎙️嘉宾阵容：Xavier｜BD Director of OSL Pay @0xklexos @OSLPayLawliet ｜Co-Founder of Tabi @Lfuckjpg @TabichainLarry｜Global Partnerships Lead of Kaia Foundation @ImSmolpotato @KaiaChainLacie｜Researcher of Bitget Wallet @Laaaaacieee @BitgetWalletBeryl｜Regional Growth Manager of Infini @Infini_Beryl @0xinfiniOscar｜Head of Investment Research of 0xU @Chi ...

Core Viewpoint - OSL Group has launched a new business unit, OSL Pay, aimed at revolutionizing cross-border fiat and cryptocurrency payment infrastructure, marking the first phase of its global business plan [1] Group 1: Business Launch and Objectives - OSL Pay will leverage existing OAM registration in Italy to establish operational capabilities in Europe, with an expected launch in the second quarter [1] - The platform aims to provide innovative solutions for cross-border value transfer between traditional finance and digital asset markets, utilizing a unified architecture for efficient fiat and cryptocurrency conversion [1][2] - OSL Pay is preparing to comply with the EU's Markets in Crypto-Assets Regulation (MiCA) and global anti-money laundering standards [1] Group 2: Leadership and Expertise - Zhang Jingwei has been appointed as the head of OSL Pay, bringing over 20 years of experience in fintech and a background in digital transformation and advisory services for large banking institutions [1] - Zhang has previously held leadership roles at top cryptocurrency exchanges, focusing on global business development and regulatory strategies [1] - The company expects Zhang to drive innovation within OSL Pay [1]