OSL’s Bold Leap into Indonesia’s Crypto Frontier

Did you know Indonesia boasts over 12 million crypto investors, making it one of Southeast Asia’s hottest digital asset markets?

Hong Kong’s OSL Group is capitalizing on this surge, announcing a $15 million acquisition of a 90% stake in Indonesia’s Evergreen Crest Holdings Ltd.

on June 3, 2025. This article explores OSL’s strategic expansion, its implications for Indonesia’s crypto landscape, and what it means for global digital finance.

OSL Group, a publicly listed company (863.HK) and Hong Kong’s first SFC-licensed digital asset platform, is no stranger to pioneering regulated crypto solutions.

Founded in 2018, OSL has built a reputation for compliance-first services, offering brokerage, custody, and trading platforms.

Its recent acquisition of Evergreen Crest, a licensed Indonesian crypto exchange, marks a pivotal step in its Asia-Pacific expansion, following its 2024 entry into Japan via the CoinBest acquisition.

Indonesia’s crypto market is booming, driven by a young, tech-savvy population and increasing institutional interest. Evergreen Crest’s licenses for crypto and futures trading provide OSL a fast track into this vibrant market.

The $15 million deal, paid through new share issuance, aims to foster synergies in trading liquidity and innovative offerings like real-world asset (RWA) tokenization and PayFi ecosystems.

Experts see this move as a game-changer.

Ivan Wong, OSL’s Chief Investment Officer, emphasized the acquisition’s role in enhancing global competitiveness through shared resources and cutting-edge tech.

With Indonesia’s crypto trading volume expected to grow at a 15.4% CAGR through 2030, OSL is well-positioned to capture market share.

OSL’s acquisition of Evergreen Crest underscores the growing global appetite for regulated crypto platforms.

By bridging Hong Kong’s financial expertise with Indonesia’s dynamic market, OSL is shaping the future of digital assets.

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