OSL Group, a Hong Kong-based digital asset platform, has completed the acquisition of Koinsayang, a licensed digital asset exchange in Indonesia, through the issuance of approximately 9.266 million consideration shares.
The acquisition provides OSL Group with licenses for cryptocurrency and derivatives trading, supporting its strategic expansion in Southeast Asia, including Indonesia.
The transaction grants OSL Group full regulatory approval to operate in Indonesia, establishing a foundation for the development of areas such as real-world asset (RWA) tokenisation and PayFi.
According to the Indonesian Blockchain Association, Indonesia accounts for 10.1% of global interest in RWAs, ranking third worldwide.
By combining Koinsayang’s local market presence with OSL’s technological capabilities and regulatory experience, the company intends to introduce regulated financial products aimed at broadening client coverage and reinforcing blockchain adoption and compliance standards in the region.
The acquisition also diversifies revenue streams, expands the user base, and strengthens OSL Group’s international competitiveness.
Ivan Wong, Chief Financial Officer of OSL Group, said:
“Indonesia offers both scale and structure, and has a huge potential to integrate TradFi and Web3 and access regulated crypto payments, fitting the compliance-driven global expansion strategy that OSL Group is pursuing. Its sizable digital finance user base, robust Internet penetration, and relatively clear regulatory framework make it an ideal market, as well as one of the key regional hubs in Southeast Asia for digital asset services.”
Featured image credit: Edited by Fintech News Hong Kong based on image by pressfoto via Freepik