OSL Group has secured authorisation as a Crypto-Asset Service Provider (CASP) from the Austrian Financial Market Authority.
The Austrian Financial Market Authority granted the approval under the European Union’s Markets in Crypto-Assets Regulation (MiCAR).
OSL Group, which is listed on the Hong Kong Stock Exchange, can now offer regulated digital asset services across all 30 European Economic Area (EEA) countries.
Under the new framework, OSL EU, the firm’s European subsidiary, can provide custody, spot trading, on and off-ramp conversion, and crypto-asset transfer services. The services are available to institutional and eligible clients.
The harmonised framework removes the need for firms to operate under 27 separate national regimes. It allows the company to establish European banking relationships and access local payment infrastructure.
The Austrian Financial Market Authority granted the authorisation shortly after the EU’s 1 July 2026 deadline. The deadline required crypto firms to transition from national registrations to full CASP status.
According to OSL Group, only about 210 of the more than 1,200 previously registered firms successfully completed the conversion. This represents roughly 17% of the firms affected.
The Austrian license expands on the company’s existing regulatory footprint.
Hong Kong’s Securities and Futures Commission (SFC) licensed OSL Digital Securities, its subsidiary, as one of the first virtual-asset platforms in the city.
The group also holds a MiCAR license in the Netherlands through EU Internet Ventures B.V., alongside approvals in Australia, the US, and Canada.
The company said the licenses strengthen its ability to serve counterparties requiring regulated digital asset providers.
“Building on our Hong Kong foundation, our recent Australian license, and our authorisations across Asia and the Americas, this is what long-term, institution-grade infrastructure looks like,”
said Kevin Cui, Executive Director and Chief Executive Officer of OSL Group.
Featured image credit: Edited by Fintech News Switzerland, based on image by rawpixel.com via Magnific
This article first appeared on Fintech News Hong Kong
