OSL Group (HKG:0863) is looking to raise HK$1.56 billion via a two-step share offering, according to a Hong Kong bourse filing Thursday.

The firm's shareholder, Crown Research Investments, plans to sell around 104.7 million shares of the company at HK$14.90 apiece to new investors.

Following the sale, OSL Group plans to replenish the shares to Crown Research Investments on the same terms to raise funds to expand its digital assets and stablecoin business.

The shares represent 13.2% of the company's existing issued share capital and 11.6% as enlarged by the sale.