Openmarkets Group (OMG), a leading Australian fintech company specialising in trading and wealth management technology and infrastructure, today announced it is exploring a US$50 million capital raise initiative aimed at accelerating its decentralised finance (DeFi) strategy and expanding its footprint across Singapore, the United States, Hong Kong and other key Southeast Asia markets.
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, tokenisation 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 centralised 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) tokenisation market projected to exceed $16 trillion by 2030.
OMG intends to deploy capital raised across 3 strategic pillars:
- Building a diversified digital treasury in major cryptocurrencies, and other strategic assets
- Advancing its DeFi strategy, including the tokenisation of real-world assets (RWA) and technology innovation
- Pursuing selective acquisitions to expand its presence in key global traditional finance (TradFi) markets
As part of the wider push into DeFi, OMG is actively forging strategic partnerships with DeFi organisations, 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, CEO 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 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.”
“The ongoing and rapid emergence of cryptocurrency and decentralised finance presents a highly compelling opportunity for investors to diversify and future-proof their portfolios,” said Dan Jowett. “As the digital asset landscape evolves, OMG is dedicated to unlocking new gateways for growth and empowering our clients to capitalise on the innovations reshaping global finance.”
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.
Eric Gao, Founder and CEO of Boman Group, said: “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.”
"The Southeast Asia region stands at the forefront of decentralised 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.”