
Foresight News|Oct 10, 2025 09:40
**[Citibank Assigns Buy Rating to OSL Group, Compliance Payment Business Drives Future Growth]**
Foresight News reports that Citibank released a research report on October 9, assigning a "Buy" rating to OSL Group (863.HK) with a target price of HK$21.8. The report highlights that OSL Group's PayFi business and the global expansion of its compliant digital asset business are expected to drive the company's future growth. As of the October 10 Hong Kong stock market close, OSL Group's stock price was HK$16.55 per share, with a market capitalization of HK$13.15 billion.
Citibank stated that OSL Group, in the face of increasingly stringent regulatory environments, is focused on building compliant digital asset payment and trading gateways. The company holds over 60% of the market share in Hong Kong's over-the-counter (OTC) digital asset trading market and offers a diversified product portfolio to capture opportunities related to stablecoins. These advantages are the main reasons for the bank's preference for OSL Group's stock.
The report notes that OSL Group's diversified product lines include OSL BizPay, which features lower corporate cross-border payment costs and instant settlement services; StableX, a stablecoin issuance solution; and Tokenworks, an asset tokenization service. The bank believes that OSL Group's extensive experience and institutional partnerships in both the Web3 and Web2 industries, along with its diversified product offerings, will enable it to seize future growth opportunities related to stablecoins.
Citibank further stated that OSL Group is building a global compliant channel for digital assets to strengthen its market position. The company's acquisition of Banxa, a global digital asset payment solution provider, will bring OSL Group over 50 compliance licenses across 10 regions worldwide. The bank emphasized that OSL Group, as Hong Kong's first listed, licensed, and insured digital asset platform, possesses deep liquidity, an extensive market relationship network, competitive pricing advantages, flexible settlement services, and a comprehensive selection of trading pairs. These strengths, combined with the growing institutional demand for digital assets and an expanding customer base, are expected to help the company further consolidate its position in the OTC market.
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