In June of last year, a Web3 payment company listed in Hong Kong launched an ambitious global expansion plan. With a total investment of HKD 486.7 million, the company targeted Banxa, a leading global payment service provider. And just recently—on January 2, 2026—this deal was officially finalized.

After the transaction, Banxa became a wholly owned subsidiary of the company. Who exactly is Banxa? Looking at its track record makes it clear. It holds multiple licenses around the world: registration as a crypto service provider in the Netherlands, a money services business license in Canada, registration as a digital currency exchange in Australia, a crypto asset service provider license in the UK, plus a money transfer license in the US—these licenses demonstrate Banxa’s deep compliance efforts.

But that’s not all. The company’s ambitions go far beyond a single deal.

In February 2025, it completed the acquisition of CoinBest in Japan, subsequently rebranding it as OSLJapan. The importance of the Japanese market is self-evident—one of the most mature compliant crypto asset markets in Asia. By September, it had also acquired Koinsayang in Indonesia, renaming the new company OSLIndonesia, further solidifying its presence in Southeast Asia.

From Japan to Indonesia and then to a global payment network, the logic behind these acquisitions is clear: by integrating fiat on/off ramps and payment networks across different regions, they aim to build a truly global Web3 payment ecosystem. The advancement of stablecoin payment strategies has evidently become the core competitive focus for this company’s future.