CMGE and OSL GROUP have reached a strategic cooperation agreement to jointly promote compliant stablecoin ecosystem application scenarios. As of mid-day trading, CMGE (00302) rose 5.17% to HK$0.61; OSL GROUP (00863) gained 4.31% to HK$16.7.

On the news front, according to CMGE's official announcement, on August 15, the company and OSL GROUP jointly announced a strategic cooperation agreement. This partnership aims to deeply integrate OSL GROUP's leading compliant virtual asset financial infrastructure capabilities with CMGE's rich global IP gaming application ecosystem, jointly promoting compliant stablecoin ecosystem application scenarios.

According to the introduction, this cooperation will effectively connect OSL's stablecoin service network for financial institutions with CMGE's extensive gaming payment application scenarios, jointly injecting "vitality" into the market and accelerating the application implementation of compliant stablecoins in the real economy and digital entertainment sectors.

The strategic cooperation between both parties is based on high business complementarity, aiming to establish a value loop connecting Web3 technology from underlying infrastructure to upper-level compliant applications. Both parties have reached strategic cooperation intentions and will collaborate under multi-regional compliant license networks.

CMGE will combine its technical capabilities and industry influence, based on OSL's compliant digital asset custody services and multi-chain, multi-currency unified settlement layer tools, to provide 24/7 global cross-border payment and settlement services to industry ecosystem partners within CMGE's reach.