Hong Kong-Based OSL Group’s Revenue Jumps 58% in H1 Despite Mounting Losses
Digital asset platform OSL Group reported a 58% year-on-year income enhance 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 world growth.
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 fast growth in headcount.
- OSL Pay accounted for 29% of income, whereas a $300M increase will gas additional world progress.
In its interim financial report released Thursday night, the Hong Kong-based firm stated losses from persevering with operations widened to HK$20.3 million ($2.6 million), up from HK$9.6 million a yr earlier.
The corporate attributed the rising loss primarily to a pointy rise in headcount, increasing from 167 workers to 568 inside a yr.
OSL Attributes Income Surge to Natural Development and Strategic Acquisitions
OSL stated the income positive factors had been fueled by natural progress and up to date strategic acquisitions, in keeping with a separate statement revealed on Thursday.
Key strikes included the February buy of Japanese crypto change CoinBest and a June settlement to accumulate a 90% stake in Evergreen Crest, an Indonesian change operator, by means of 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 complete group income.
“Development and funding outlined OSL Group’s efficiency within the first half of this yr,” stated 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 property in Hong Kong.
OSL shares rose 6.6% in noon buying and selling Friday, in keeping with 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 by means of an fairness financing spherical, marking the biggest publicly disclosed capital increase within the area’s crypto area thus far.
The agency, listed beneath ticker 0863.HK, stated proceeds from the deal will fund world growth 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 major policy statement on digital property, putting stablecoin regulation and real-world asset (RWA) tokenization on the core of its technique to grow to be a worldwide 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 increase tokenization efforts into sectors like metals and renewable power, highlighting use instances comparable to gold and photo voltaic panels.
As reported, professionals working within the crypto and hedge fund sectors are playing a key role in supporting Hong Kong’s residential rental market, which continues to wrestle on account of weak conventional demand sources.
The put up Hong Kong-Based OSL Group’s Revenue Jumps 58% in H1 Despite Mounting Losses appeared first on Cryptonews.
