Openmarkets Group (OMG), an Australian fintech company specializing in trading and wealth management technology and infrastructure, announced Monday it is exploring a $50 million capital raise initiative aimed at accelerating its decentralized finance (DeFi) strategy and expanding its footprint across Singapore, the United States, Hong Kong and other key Southeast Asia markets.
The firm said in a statement that targeting forward-looking family offices and private wealth investors across Asia and the United States, the initiative reinforces OMG’s commitment to innovation in digital finance and its ambition to become a leading regional player bridging traditional finance (TradFi) and DeFi ecosystems.
The capital raise will further advance OMG’s DeFi roadmap, expand its global footprint, and position the group as a compelling growth opportunity for global investors.
OMG’s immediate plans for the additional capital include introducing crypto trading, tokenization of real-world assets (RWA), and establishing a digital assets treasury, and in the medium-term will also involve the launch of an OMG stablecoin with the intention of establishing a centralized exchange for digital assets.
The strategic expansion will allow Openmarkets to access the lucrative, and quickly evolving DeFi market, including the real-world asset (RWA) tokenization market projected to exceed $16 trillion by 2030.
OMG intends to deploy capital raised across three strategic pillars.
Firstly, building a diversified digital treasury in major cryptocurrencies, and other strategic assets Advancing its DeFi strategy, including the tokenization of real-world assets (RWA) and technology innovation.
Secondly, pursuing selective acquisitions to expand its presence in key global traditional finance (TradFi) markets.
Thirdly, as part of the wider push into DeFi, OMG is actively forging strategic partnerships with DeFi organizations, attracting top DeFi talents, and investing in cutting-edge technologies within these areas.
This approach supports OMG’s ambition to drive growth and maintain leadership in the evolving digital asset landscape across Asia.
OMG’s long-term strategy includes obtaining relevant regulatory approvals and exploring potential international listing options as it builds a unique digital asset ecosystem through global partnerships.
Dan Jowett, Chief Executive Officer of Openmarkets Group, said the capital raise marks a pivotal moment for OMG as the business accelerates its expansion across key Asian markets and the United States, and drives innovation in DeFi.
“By leveraging our proven track record in business to business (B2B) wealth management technology and infrastructure, we’re positioned to lead the industry through the next wave of financial transformation, building on our successful equities brokerage business,” he said.
According to him, the ongoing and rapid emergence of cryptocurrency and decentralized finance presents a highly compelling opportunity for investors to diversify and future-proof their portfolios.
“As the digital asset landscape evolves, OMG is dedicated to unlocking new gateways for growth and empowering our clients to capitalize on the innovations reshaping global finance,” he added.
Boman Group, a venture capital firm licensed in Hong Kong, Singapore, China and Australia which holds a 100 percent ownership stake in OMG, will support capital raising efforts.
“We are proud to back this next chapter in OMG’s evolution,
“Our conviction is rooted in OMG’s ability to execute across TradFi and DeFi, and to deliver sustainable value to stakeholders,” said Eric Gao, Founder and Chief Executive Officer of Boman Group.
According to him, the Southeast Asia region stands at the forefront of decentralized finance innovation.
“Investors here are not only well-versed in digital assets, but the market environment is more dynamic and receptive to technologically progressive opportunities,
“This makes it an ideal landscape for OMG to accelerate their vision and deliver cutting-edge solutions to forward-thinking clients,” he added.
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