Isabella García
Taiwan-based stablecoin payment pioneer OwlTing is officially entering the U.S. public markets after securing approval for a direct listing on the Nasdaq. Trading of its Class A common shares will begin Thursday, October 16, under the ticker symbol OWLS, according to an announcement from its parent company, Obook Holdings.
OwlTing has chosen the direct listing route — a move that allows the company to go public without issuing new shares, thereby avoiding dilution of existing shareholder equity. This strategy reflects the company’s confidence in its long-term growth and valuation.
Obook Holdings, which operates OwlTing, said the Nasdaq listing marks a major milestone in the firm’s evolution from a blockchain-based startup into a global fintech innovator at the forefront of stablecoin-powered payment infrastructure.
Expanding from Blockchain Applications to Stablecoin Payments
Founded with a mission to integrate blockchain into everyday life, OwlTing has evolved from developing blockchain solutions for food traceability and hospitality to building advanced payment infrastructure for businesses.
In 2023, the company launched OwlPay, a platform designed to help businesses seamlessly pay global suppliers using stablecoins like USDC or traditional fiat currencies. This solution aims to improve cross-border payment efficiency, reduce transaction costs, and promote financial transparency through blockchain technology.
“Our journey has always been about solving real-world problems with innovation and compliance at the core,” said Darren Wang, founder and CEO of OwlTing. “From pioneering blockchain applications in industries like food and travel to scaling OwlPay into a trusted, enterprise-grade stablecoin payment platform, we’ve remained focused on creating technology that drives real value.”
A Compliance-Driven Approach to Global Expansion
OwlTing emphasizes a compliance-first mindset in every aspect of its operations — a strategy that has become increasingly important as global regulators tighten oversight on digital assets and payment systems.
CFO Winnie Lin stated that the company plans to expand its international reach while maintaining its focus on security, innovation, and cost efficiency. “Our goal is to continue delivering safe and scalable blockchain-powered stablecoin payment solutions that generate sustainable value for shareholders around the world,” Lin said.
Strong Growth with Room for Profitability
According to OwlTing’s 2024 prospectus, the company recorded $7.6 million in revenue, representing an 18.3% year-over-year increase. Despite this growth, OwlTing reported a net loss of $10.3 million for the year, compared to $6.8 million in 2023, as it continues to invest heavily in scaling operations and technology infrastructure.
Positioning for the Future of Stablecoin Payments
As demand for stablecoin-based payment systems accelerates globally, OwlTing’s Nasdaq listing positions it as one of the few Asian fintech firms bridging traditional finance and blockchain innovation on a global stage.
With its compliance-first approach and expanding product ecosystem, OwlTing aims to become a key player in redefining how businesses conduct cross-border transactions in the digital economy.
By bringing stablecoin infrastructure to mainstream markets, the company’s Nasdaq debut signals growing investor confidence in blockchain-based financial technologies — and highlights Taiwan’s rising influence in the global fintech landscape.
