OSL Group Acquires Evergreen Crest to Enter Indonesian Market – Coincu

On June 3, 2025, OSL Group (stock code: 00863) declared plans to purchase 90% of Evergreen Crest Holdings Ltd for US$15 million.

The acquisition facilitates OSL’s entry into Indonesia’s growing digital asset market, expanding their presence in Southeast Asia.

OSL Group Secures $15M Indonesian Crypto Venture

OSL Group’s acquisition of Evergreen Crest Holdings Ltd aims to secure a cryptocurrency and futures trading license in Indonesia. Join OKX for crypto trading and investment opportunities. This move is significant, establishing a compliant route for OSL into an emerging market and boosting their regional portfolio.

“With a committed vision for OSL, we’re not just charting a new path in the digital asset domain – we will be pioneering it. Our direction is crystal clear: to lead with innovation, and to scale new heights.” – Patrick Pan, CEO, OSL Group. Source

The acquisition enables OSL to broaden its operations into non-traditional crypto sectors, particularly real-world assets and payment finance. The transaction, funded by issuing new shares, indicates a long-term strategic investment in Indonesia’s digital space.

In response, Patrick Pan, CEO of OSL Group, emphasized the alignment with their innovative vision by stating, “Our direction is crystal clear: to lead with innovation, and to scale new heights.” This confidence reassures investors of OSL’s commitment.

Expanding Presence in Southeast Asia’s Digital Asset Market

The entrance of OSL Group signifies broader industry trends of acquiring local licenses in Southeast Asia to access burgeoning markets. Historically, this has allowed firms to navigate complex regulatory landscapes effectively.

Looking forward, OSL’s move could invigorate local digital asset services, fostering greater institutional engagement. If OSL leverages its new assets effectively, it can drive further industry innovation by integrating traditional finance systems with digital solutions.