Hong Kong-listed OSL Group (HKEX: 863) reported interim results for the six months ended June 30, 2026, with total revenue climbing 65.8% year over year to HK$55.813 billion. Payment business revenue rose 69.3% to HK$49.083 billion, accounting for 88% of total revenue, while total trading volume surged 241.3% to HK$172 billion. Revenue from outside Asia-Pacific reached HK$7.8 billion, up tenfold. Adjusted non-IFRS earnings came in at HK$331 million, up 75.5%. CEO Cui Kaiwen said the company set new records in trading volume and revenue despite a notable market pullback, and described OSL as the world's largest stablecoin payment infrastructure provider by B2B stablecoin payment volume. In February 2026, OSL launched USDGO, a corporate US dollar stablecoin issued by Anchorage Digital Bank, N.A.; its circulation exceeded US$800 million within four months and surpassed US$1.2 billion by August. During the reporting period, OSL completed the acquisition of Banxa Holdings Inc in January 2026, secured a MiCAR licence from Austria's Financial Market Authority and an AFSL from the Australian Securities and Investments Commission, and launched OSL AgentPay, a stablecoin payment rail for AI agents.
Hong Kong-listed OSL Group (HKEX: 863) published interim results for the six months ended June 30, 2026. Total revenue reached HK$55.813 billion, up 65.8% from a year earlier. Adjusted non-IFRS earnings stood at HK$331 million, an increase of 75.5%.
The payment business was the main growth driver. Revenue from payments rose 69.3% year over year to HK$49.083 billion, contributing 88% of total revenue. Total trading volume hit HK$172 billion, up 241.3%. Revenue generated outside Asia-Pacific amounted to HK$7.8 billion, a tenfold jump.
Payment business and record activity
Payment revenue grew faster than total revenue, while trading volume more than tripled.
CEO Cui Kaiwen said that despite a notable market correction in the first half, both trading volume and revenue hit new highs. He added that, by B2B stablecoin payment volume, OSL has become the largest stablecoin payment infrastructure company globally.
USDGO circulation climbs
OSL completed a strategic upgrade in 2025, with full-year B2B stablecoin payment volume reaching US$12.3 billion.
In February 2026, OSL rolled out USDGO, a corporate dollar stablecoin issued by Anchorage Digital Bank, N.A. Within four months, circulation exceeded US$800 million. By August, circulation had surpassed US$1.2 billion.
Banxa acquisition and licence wins
During the reporting period, OSL closed the acquisition of Banxa Holdings Inc in January 2026. The company also obtained a MiCAR licence granted by Austria's Financial Market Authority and an AFSL from the Australian Securities and Investments Commission.
In the same period, OSL launched OSL AgentPay, a stablecoin payment infrastructure built for AI agents.
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