OSL Group secured an Australian Financial Services Licence from the Australian Securities and Investments Commission. The licence enables the company to provide institutional digital asset payment, custody and over-the-counter services to wholesale clients in Australia. The licence supports OSL's global expansion strategy as stablecoin payments move from crypto trading infrastructure into broader financial services. Australia is developing its digital asset regulatory framework while industry demand for compliant settlement infrastructure continues to grow, giving OSL a regulated base to serve banks, fintechs, payment service providers and corporate treasury teams requiring custody, settlement and large-block execution under ASIC oversight.
OSL Secures AFSL from ASIC for Australian Operations
Under the licence, OSL's Australian entity can provide payment and custody services and facilitate OTC transactions for wholesale clients. The approval gives the company a local framework for serving institutions requiring custody, settlement, stablecoin infrastructure and large-block execution under ASIC oversight.
The licence adds another regulated market to OSL's operations at a time when stablecoin payments are moving into broader financial services. For banks, fintechs, payment service providers, OTC desks and corporate treasury teams, the licence provides access to regulated channels connecting fiat banking, digital assets and institutional compliance requirements.
A licensed presence gives OSL a position in conversations with local banks, enterprise clients and financial institutions that may be unwilling to work with offshore or lightly supervised crypto providers. The timing aligns with Australia's ongoing development of its digital asset regulatory framework.
OSL Expands Stablecoin Payment Infrastructure with Banxa and USDGO
The Australian approval follows OSL Group's completion of its acquisition of Banxa Holdings, a Melbourne-founded payment infrastructure company, in January 2026. The company has also launched OSL BizPay, a B2B cross-border payment solution, and rolled out USDGO, a regulated enterprise stablecoin backed by the U.S. dollar.
Banxa provides the group with established payment infrastructure and compliance reach. BizPay targets business cross-border settlement. USDGO adds a stablecoin product designed for enterprise use. The Australian licence creates a regulated local layer to support those services for wholesale clients.
OSL said the group now holds or is applying for more than 50 licences and registrations across more than 10 regions globally. Kevin Cui, executive director and chief executive officer at OSL Group, said, "At OSL, we're building the regulated rails to unlock a unified, borderless financial flow. Demand for more efficient and reliable international payments is accelerating, and stablecoin infrastructure is becoming central to connecting businesses across key corridors between Australia, Asia and global markets. Securing our AFSL demonstrates our commitment to Australia and our many enterprise partners who rely on us to move value safely across borders."
Stablecoins Enter Mainstream Payment Discussions at Sydney Conference
The announcement coincided with the Digital Economy Council of Australia conference in Sydney. Sean Moynihan, chief operating officer of Banxa, joined an executive roundtable on agentic commerce and the role of stablecoins in future payments alongside representatives from Visa, Coinbase, EY and other industry participants.
The roundtable context shows stablecoins are being discussed beyond crypto-native markets. Agentic commerce, where software agents may initiate or manage payments, creates demand for settlement systems that are programmable, fast and available across borders. Stablecoins are one possible layer for that activity because they can move on blockchain networks while referencing fiat value.
For enterprise users, the practical requirements include reliable conversion between fiat and digital currencies, custody arrangements, counterparty controls, reporting, and settlement routes that do not disrupt existing treasury processes. A regulated licence in Australia can help OSL present its infrastructure as a financial service.
AFSL Strengthens OSL's Position in Australian Digital Asset Market
Australia has become a relevant market for regulated digital asset infrastructure because it combines an active fintech sector, institutional interest and a policy environment moving toward clearer crypto rules. OSL's licence adds another regulated participant to that landscape.
For wholesale clients, the key benefit is counterparty quality. Payment service providers, merchants, financial institutions and treasury teams can work with a provider operating under financial services oversight rather than relying only on offshore structures. That may reduce onboarding friction for firms interested in stablecoin settlement but constrained by compliance, risk and governance requirements.
The licence provides the company with a clearer operating base while Australia's broader digital asset framework continues to evolve. The approval gives OSL access to banking relationships and fiat payment systems in Australia, which are critical for clients that need to move between bank accounts, local currency systems and digital asset rails.
FAQ
What licence did OSL Group secure in Australia?
OSL Group secured an Australian Financial Services Licence from the Australian Securities and Investments Commission, enabling the company to provide payment, custody and over-the-counter services to wholesale clients in Australia.
What other infrastructure has OSL Group built for stablecoin payments?
OSL Group completed its acquisition of Banxa Holdings in January 2026, launched OSL BizPay for B2B cross-border payments, and rolled out USDGO, a regulated enterprise stablecoin backed by the U.S. dollar. The company holds or is applying for more than 50 licences and registrations across more than 10 regions globally.
Where did OSL announce the Australian licence?
The announcement coincided with the Digital Economy Council of Australia conference in Sydney, where Sean Moynihan, chief operating officer of Banxa, joined an executive roundtable on agentic commerce and stablecoins alongside representatives from Visa, Coinbase and EY.
