OSL Group (HKEX: 00863) has formalized a strategic acquisition agreement with OSL BNXA Acquisition Inc. and Banxa, aiming to purchase all outstanding shares of Banxa, including those convertible from notes prior to closing, for up to 85.2 million Canadian dollars. Banxa, a British Columbia-based entity listed on the TSX Venture Exchange, specializes in delivering cryptocurrency infrastructure solutions to enterprises across Europe, North America, and Australia, supported by multiple regulatory licenses.
This acquisition aligns with OSL Group’s broader objective to enhance its global footprint in the digital asset ecosystem. By integrating Banxa’s compliant infrastructure and regional presence, OSL seeks to solidify its role as a leading provider of regulated digital asset services. The transaction underscores the growing emphasis on compliance and cross-border capabilities within the crypto financial services sector.