Hong Kong-listed companies related to Crypto and stablecoins have begun to collectively issue additional shares to raise funds.

On the morning of July 25, the Hong Kong licensed crypto trading platform - OSL(HK:00863) announced that it has signed a "targeted issuance" agreement.

The stock transfer price is HKD 14.9, totaling approximately HKD 2.355 billion. After deducting costs, the raised funds amount to approximately HKD 2.336 billion, equivalent to about USD 300 million. The use of funds is to promote global compliance payment channels, stablecoin, and RWA tokenization business.

An increase of 158 million shares is expected, with the previous capital being 627 million and the latest capital being 785 million.

As of the closing price of HKD 17 on July 25, the actual market value of OSL reached HKD 13.345 billion, approximately USD 1.72 billion.

On July 4th, Crypto, the stablecoin concept, and Hong Kong's largest digital bank — ZA Bank, the parent company of ZhongAn Online (HK:06060), completed a placement of 215 million shares, with a share transfer price of HK$18.25. The total amount raised from the placement is approximately HK$3.924 billion, with a net amount of about HK$3.896 billion, equivalent to around US$500 million.

Based on the closing price of HKD 21.15 on July 25, ZhongAn Online's market capitalization reached HKD 35.634 billion, approximately USD 4.568 billion.

The next estimated fundraising through issuance is by the Hong Kong licensed Crypto securities company - Victory Securities ( HK:08540).

Since 2025, the stock price of Victory Securities has surged nearly 180%, with a market capitalization reaching HKD 1.795 billion, approximately USD 230 million.