OSL Group Stock Climbs 14% on Hong Kong Stablecoin License Report

Edgen Crypto

·Mar 12 2026, 02:17

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Key Takeaways

Shares of OSL Group (00863.HK) experienced a significant intraday climb after a local media report identified the digital asset platform as a frontrunner for one of Hong Kong's inaugural stablecoin issuer licenses. The speculation positions OSL alongside major financial institutions, signaling a potentially pivotal development for the company's regulatory standing and business model, even as authorities remain silent.

OSL Group's stock price surged as much as 14.45% on March 12, hitting an intraday high of HKD14.89 following the licensing news.
A report named OSL alongside banking giants HSBC and Standard Chartered as the three companies shortlisted for the first stablecoin issuer licenses.
Hong Kong's Monetary Authority (HKMA) declined to confirm the report, stating it does not comment on market rumors, introducing uncertainty for investors.

OSL Stock Surges 14.45% on License Speculation

Shares in OSL Group (00863.HK) climbed sharply on March 12 after a report fueled speculation that the company is on the verge of securing a major regulatory approval. The stock price hit an intraday peak of HKD14.89, a 14.45% increase. While the initial gains moderated, the stock maintained a strong position, last trading at HKD13.94 for a 7.15% gain. The news triggered a significant increase in trading activity, with volume reaching 1.21 million shares worth HKD17 million.

Report Puts OSL on Shortlist with HSBC and Standard Chartered

The market reaction was driven by a Sing Tao Daily report alleging that Hong Kong's first batch of stablecoin issuer licenses could be announced soon. The report identified OSL Group, HSBC, and Standard Chartered as the three companies on the final shortlist. Securing such a license would represent a significant catalyst for OSL, validating its position in the regulated digital asset space. However, the Hong Kong Monetary Authority (HKMA) has not confirmed the details, stating only that it does not comment on market rumors. The report also noted that the final list remains subject to change, with a strong expectation that established banks will feature prominently among the licensees.