OSL Group Secures Australian Financial Services Licence From ASIC
OSL Group's Australian entity has received an Australian Financial Services Licence from the regulator ASIC. The licence authorises payment, custody, and over-the-counter services for wholesale clients, supporting institutional stablecoin and payment settlement infrastructure.
OSL Group secures Australian licence from regulator ASIC
OSL Group (HKEX: 863), a global stablecoin payment and trading platform, said its Australian entity has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investments Commission (ASIC). The company announced the approval on 19 June 2026 in Sydney. The licence gives OSL a locally regulated base to provide digital asset, payment, and custody services to wholesale clients in Australia.
Licence covers payments, custody and OTC dealing
Under the AFSL, OSL's Australian entity is authorised to provide payment and custody services and to facilitate over-the-counter (OTC) transactions for wholesale clients. This authorisation supports institutional stablecoin and payment settlement infrastructure. OSL said demand comes from banks, fintechs, payment service providers, OTC desks, and enterprise treasury teams across the region.
Banxa acquisition anchors the Australian expansion
The licence builds on OSL's expansion of its payment network. The company completed its acquisition of Banxa Holdings, a payment infrastructure firm founded in Melbourne, in January 2026. OSL said the AFSL arrives as Australia advances its digital asset regulatory framework, and that Banxa's local presence helps it support cross-border payment and settlement for enterprise clients. The company has also rolled out USDGO, an enterprise stablecoin backed by the US dollar, as part of its payment infrastructure.
Banxa executive joined Sydney stablecoin payments roundtable
The announcement coincided with the annual Digital Economy Council of Australia (DECA) conference in Sydney. OSL said Sean Moynihan, chief operating officer of group company Banxa, joined an executive roundtable on agentic commerce and the role of stablecoins in future payments. Representatives from Visa, Coinbase, and EY took part in the same session.
"Securing our AFSL demonstrates our commitment to Australia and our many enterprise partners who rely on us to move value safely across borders.", 19 June 2026. — Kevin Cui, Executive Director and Chief Executive Officer, OSL Group
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