- Hong Kong-based OSL Group is acquiring Canadian crypto infrastructure firm Banxa Holdings for CAD 1.55 per share in a deal worth $85.2M.
- OSL Group’s stock hit a 4-year high after announcing plans to acquire Banxa, boosting its global digital payments reach.
Following OSL Group, a Hong Kong cryptocurrency exchange, announcing that it had purchased Canadian crypto infrastructure company Banxa Holdings, its shares quickly appreciated.
The deal, announced on June 27, 2025, requires OSL to pay CAD 1.55 per share in cash for each outstanding share of Banxa, for a total of $85.2 million.
Relative to Banxa's current levels of trading, this price suggests a significant premium.
One of the leading providers of fiat-to-crypto payment infrastructure, Banxa is a TSX Venture Exchange-listed company with over 45 licenses in jurisdictions around the world, enabling it to operate across over 150 countries.
Due to its technology, businesses can add cryptocurrency transactions to their platforms, allowing individuals across the globe to buy and sell digital tokens.
Subject to shareholder and regulatory approvals, the acquisition is expected to make Banxa a wholly owned subsidiary of OSL.
OSL's move is part of a broader strategy to accelerate its global expansion, particularly in the rapidly growing stablecoin and digital payments sectors.
By introducing OSL Pay, which integrates digital assets with traditional finance, the business expects to enhance its service options through Banxa's regulatory footprint and compliance expertise.
Confidence of investors in the growth path of the company and the increasing need for digital asset services was also demonstrated in the positive response of the market, where OSL shares rose to their highest level in nearly four years.
The takeover positions OSL to take advantage of the increasing use of stablecoins in cross-border payments as well as the shifting global crypto economy.
Edited by Annette George
