OSL Group Completes Acquisition of Licensed Indonesian Exchange Koinsayang

BlockBeats News, September 23rd. OSL Group announced that the company has acquired the licensed digital asset exchange platform Koinsayang in Indonesia through the issuance of approximately 9.2662 million consideration shares and has obtained cryptocurrency and derivatives trading licenses, accelerating its market expansion in Southeast Asia, including Indonesia. In the future, the company will expedite the introduction of more compliant financial products, expand customer coverage, promote blockchain application and compliance system development, expand revenue streams and user base, and significantly enhance its competitiveness.

Through this acquisition, OSL Group has obtained operational qualifications in the Indonesian market, laying the foundation for business expansion in emerging areas such as RWA and PayFi. According to the latest report from the Indonesian Blockchain Association (ABI), Indonesia has become the world's third-largest RWA market of interest to investors by 2024, demonstrating significant growth potential.