
- Hong Kong firms raised $1.5 billion in July for crypto initiatives.
- Funding focuses on stablecoins and blockchain systems.
- New regulations and licenses anticipated in 2026.
In July 2025, Hong Kong firms, including OSL Group and Dmall Inc., raised over $1.5 billion via share placements to bolster investments in stablecoins and blockchain systems.

This funding wave aligns with Hong Kong’s regulatory ambitions, potentially boosting its digital assets market as new stablecoin licenses await issuance by 2026.
At least 10 Hong Kong-listed firms raised over $1.5 billion in July 2025 through share placements. These funds will be invested in stablecoins, digital assets, and blockchain systems, signaling significant engagements in crypto-related development.
Prominent participants include OSL Group, Dmall Inc, and SenseTime Group. Their actions coincide with new regulatory frameworks focusing on stablecoins. The influx of funding suggests strategic positioning ahead of license issuances anticipated by 2026.
This capital movement has the potential to impact the digital asset market strongly, as industries adapt to the profound shift towards blockchain technologies. An increase in investment in these areas hints at a growing emphasis on digital transformations in Hong Kong.
The financial implications are promising, as firms aim to establish a competitive edge with planned investments. Regulatory enforcement will drive these initiatives, with the HKMA clarifying that initial licenses are unlikely before 2026. Darryl Chan, Deputy Chief Executive, HKMA, stated, “Only a ‘handful’ [of stablecoin licenses] will be granted in the first batch of applications… approval is unlikely to be granted until 2026 at the earliest.”
Influential leadership from these companies is crucial as they navigate evolving market conditions. Historically, Hong Kong’s regulatory shifts have influenced both short-term liquidity and asset valuations, a pattern potentially repeating with this capital infusion.
Future prospects hinge on regulatory outcomes and market receptivity to technological advancements. With the anticipated 2026 issuance of stablecoin licenses, strategic investments could bolster Hong Kong’s ambition to lead in the digital finance sector. Robust financial strategies and regulatory frameworks are pivotal.