OSL Group Secures Australian AFSL Licence to Boost Stablecoin and Payments Infrastructure
The OSL Group (HKEX: 863) has officially secured an Australian Financial Services Licence (AFSL). Granted by the Australian Securities and Investments Commission (ASIC), this licence establishes a locally regulated foundation for the global stablecoin payment and trading platform.
With this approval, OSL can now offer institutional digital asset, custody, and payment services to wholesale clients in Australia. The milestone coincides with the annual Digital Economy Council of Australia (DECA) conference in Sydney. At the event, Banxa (an OSL Group company) joined industry leaders from Visa, Coinbase, and EY to discuss the future of stablecoin payments.
Expanding Regulated Infrastructure for Wholesale Clients
Under the new AFSL, OSL’s Australian entity is authorized to facilitate Over-The-Counter (OTC) transactions. It will also provide payment and custody services tailored for institutional growth.
This infrastructure meets the rising demand for stablecoin integration from various sectors, including:
- Banks and fintech companies
- Payment service providers
- OTC trading desks
- Enterprise treasury teams
OSL Group’s Growing Global Footprint
This regulatory achievement builds on OSL Group’s rapid global expansion. In January 2026, the company finalized its acquisition of Melbourne-founded payment infrastructure firm Banxa Holdings. Following this, OSL launched its B2B cross-border payment solution, OSL BizPay, and introduced USDGO, a regulated US dollar-backed enterprise stablecoin.
Currently, OSL Group holds or is actively applying for more than 50 licences and registrations across 10 global regions.
Connecting Australian and Asian Financial Markets
According to Kevin Cui, CEO of OSL Group, secure stablecoin infrastructure is vital for modern international payments. The AFSL allows OSL to build regulated financial pathways that connect businesses across key corridors between Australia, Asia, and global markets.
By leveraging Banxa’s established local presence, OSL will strengthen its Australian banking relationships and fiat payment access. Enterprise and fintech partners can now collaborate with a compliant counterparty held to high financial regulatory standards.
