OSL Group said its Australian subsidiary has secured an Australian Financial Services Licence from the Australian Securities and Investments Commission, enabling it to offer payments, custody, and over-the-counter digital asset services to wholesale clients under local regulation.
The approval places the firm within Australia’s newly formalized regulatory framework for digital assets, following the passage of the Digital Assets Framework Bill in April 2026. The law requires crypto exchanges and custody providers to operate under the same licensing regime as traditional financial services firms.
Australia licence expands osl’s regulated services
Focus on stablecoin payments and enterprise demand
The licence allows OSL’s Australian arm to facilitate transactions involving stablecoins and digital settlements, targeting banks, fintechs, payment processors, and corporate treasury functions seeking compliant cross-border infrastructure.
This aligns with a broader shift toward stablecoin-based settlement. Transaction volumes in the sector exceeded $33 trillion in 2025, while total market capitalization has grown beyond $300 billion, dominated by U.S. dollar-pegged tokens. Despite rapid growth, stablecoins still account for a relatively small share of global payment flows, leaving room for expansion as regulated channels develop.
Banxa acquisition underpins expansion
The licence follows OSL’s acquisition of Melbourne-based Banxa Holdings in January 2026, a move that provided payment licences across multiple jurisdictions and strengthened its global footprint. Banxa’s presence in Australia has been central to establishing local regulatory approval.
The company has also rolled out its cross-border payments product BizPay and launched USDGO, its enterprise-focused stablecoin pegged to the U.S. dollar. OSL now holds or is seeking more than 50 licences and registrations across 10 markets.
Industry context and partnerships
The announcement coincided with the Digital Economy Council of Australia conference, where Banxa Chief Operating Officer Sean Moynihan joined representatives from Visa, Coinbase, and EY to discuss the growing role of stablecoins in digital payments.
Chief Executive Cui said the company is building regulated channels to support seamless financial transfers across Australia, Asia, and other global markets, with a focus on compliant settlement solutions for enterprise clients.
Outlook for adoption and banking integration
The new licence is expected to strengthen local banking partnerships, improve fiat access, and support onboarding of institutional clients. For corporate and fintech counterparties, it offers a regulated pathway aligned with oversight standards applied to traditional financial institutions.
Market attention is likely to center on how effectively licensed providers can secure banking relationships and scale onboarding. The broader trend points to increasing alignment between digital asset services and traditional finance, as demand grows for faster settlement, continuous market access, and more efficient capital movement.
Founded in Hong Kong, OSL Group provides trading and stablecoin payment services designed to connect fiat and digital currency systems, with a focus on regulated financial infrastructure.
For deeper insight into compliant stablecoin infrastructure and cross‑border payments, explore why 2026 could redefine the role of global stablecoins.
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