OSL Group has announced that its Australian entity holds an Australian Financial Services Licence covering non-cash payment products and custody services for wholesale clients, creating a regulated base for the group’s institutional payments activity in the country.
The company disclosed the licence on June 19 in a commissioned announcement carried by The Block. Australian Securities and Investments Commission data identifies the licensee as OSL AU Pty Ltd, licence number 700078, and records a licence start date of April 14, 2026. The June 19 development is therefore the public announcement, not the effective date of the authorisation.
The permission is specific to wholesale financial services
ASIC’s register says OSL AU may provide general financial-product advice relating to non-cash payment products to wholesale clients. It may also issue and deal in those products, deal on behalf of another person and arrange for another party to issue or deal in them. The licence additionally permits the company to provide a custodial or depository service other than an investor-directed portfolio service, again to wholesale clients.
Those conditions put useful boundaries around the announcement. The licence is not a general approval for every digital-asset activity, and the register does not extend the permissions to retail clients. OSL said the framework will support payment and custody services and the facilitation of over-the-counter transactions for institutional customers, but any product offered in Australia will still need to fit within the licence conditions and other applicable rules.
Stablecoin settlement is the commercial focus
OSL is presenting the Australian authorisation as infrastructure for banks, fintechs, payment service providers, trading desks and corporate treasury teams that want to use stablecoins or other digital assets in settlement workflows. The licence gives these businesses a locally regulated counterparty for the covered payment-product and custody functions.
That matters most at the integration layer. Institutional stablecoin payments depend on more than blockchain transfer capability: providers also need customer onboarding, safeguarding arrangements, fiat access, transaction controls and clear responsibility for custody. An AFSL does not establish that each of those components is live or commercially proven, but it defines the financial services that OSL AU is authorised to provide and the client class it may serve.
The company said the licence is intended to strengthen local banking relationships, fiat-payment access and institutional onboarding. Those are forward-looking operational objectives rather than evidence of completed integrations. Payment firms evaluating OSL will still need to examine the currencies and networks supported, settlement finality, redemption arrangements, service availability and how customer assets are held.
Australia becomes part of OSL’s regulated payments network
The Australian entity gives OSL a domestic legal platform as the group develops a wider stablecoin and cross-border payments business. OSL linked the licence to its ownership of Melbourne-founded payment infrastructure provider Banxa and to its broader effort to connect Australian enterprises with Asian and other international payment corridors.
For the professional payments market, the immediate development is narrower but concrete: OSL AU now appears on ASIC’s register with permissions for wholesale non-cash payment products and custody. The pace of adoption will depend on the services built under those permissions and on whether banks, fintechs and enterprise treasury teams move from evaluation to production use.