Digital assets company OSL Group Ltd has secured $300 million in an equity offering as it pursues international expansion in the backdrop of improved prospects for the crypto industry.

“The funding will accelerate our global buildout — particularly in regulated stablecoin infrastructure and compliant payment rails,” Ivan Wong, chief financial officer of Hong Kong-listed OSL Group, said in a statement.

The announcement comes ahead of Hong Kong’s new law on stablecoins coming into effect from Aug 1, as the city positions itself as a digital-asset hub.

“Overall, we see strong participation from Asian and international financial institutions and investors, from long-only funds, sovereign wealth funds, mega-size hedge funds,” Wong told Bloomberg News. OSL is one of the earliest licensed crypto exchanges in Hong Kong.

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Tailwinds from favorable regulatory environment are pushing global banks and financial institutions to step up investments in the digital assets space. US President Donald Trump has been supportive of the crypto industry since being re-elected and is championing new legislation.