This article only represents the author's own views.
In the Wild West of digital assets, stability is fast emerging as a precious commodity. OSL Group Ltd. (0863.HK) realizes that and is looking to sell investors on its ability to prosper by offering just that resource.
Last Thursday, the provider of stablecoin trading and payment services said it raised $200 million to fund its expansion, including acquisitions. The money came from asset management giant Fidelity, which already held a sizable stake in OSL before the latest fundraising, according to Tracxn. The move comes just six months after OSL secured an even greater $300 million in what was the largest publicly disclosed equity sale by a crypto sector company at that time.
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