OSL Group, listed in Hong Kong under HKEX:863, said it has entered a partnership with Waka, a payments platform focused on connecting liquidity and settlement networks across emerging markets. Under the arrangement, OSL will integrate its institutional-grade stablecoin infrastructure into Waka’s settlement system. The setup includes stablecoin-to-U.S. dollar conversion and U.S. dollar payment capabilities, with a focus on trade corridors linked to Africa and broader global commerce.
OSL said the partnership is intended to bring compliant U.S. dollar liquidity to Asia-Africa trade routes that have long faced gaps in access to traditional banking services. The company also described the move as an expansion of its stablecoin payments footprint in emerging markets. Beyond the initial integration, the two firms are exploring additional collaboration tied to African markets and cross-border settlement.
Kevin Cui, executive director and chief executive officer of OSL Group, said stronger payment infrastructure can materially improve daily life and business operations in regions connected by Asia-Africa trade channels. OSL added that it plans to deepen its presence in Africa and in other markets over time.
OSL Group (HKEX:863) said it has partnered with Waka, a payments platform that connects liquidity and settlement networks across emerging markets.
As part of the partnership, OSL will integrate its institutional-grade stablecoin infrastructure into Waka’s settlement system. The offering covers stablecoin-to-U.S. dollar conversion as well as U.S. dollar payment capabilities, targeting trade corridors in Africa and across global commerce.
OSL said the collaboration brings compliant U.S. dollar liquidity to Asia-Africa trade routes that have long lacked access to traditional banking services. The company also said the deal extends its stablecoin payments ecosystem in emerging markets.
The two sides are also exploring additional cooperation focused on African markets and cross-border settlement.
Kevin Cui, executive director and chief executive officer of OSL Group, said more complete payment infrastructure can meaningfully improve daily life and business operations in regions tied to Asia-Africa trade channels. OSL added that it will continue to deepen its presence in Africa and in broader markets.
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