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- OwlTing gains Nasdaq approval, preparing for direct listing this Thursday.
- The company expands stablecoin payment services through its platform OwlPay.
- Executives emphasize compliance, innovation, and long-term global growth plans.
Taiwanese stablecoin payment company OwlTing has received approval for a direct listing on the Nasdaq exchange. Trading will begin on Thursday under the ticker symbol OWLS, according to its parent company Obook Holdings. The company made a direct listing to join the market without issuing new stock or reducing its ownership.
OwlTing is a company that operates in multiple sectors, including hospitality, blockchain, and e-commerce. Over the past few years, the firm has focused on developing stablecoin payment systems to enhance global payments. The 2023 launch of OwlPay enables businesses to pay suppliers using stablecoins, such as USDC, or traditional fiat currency.
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OwlTing Strengthens Global Strategy and Compliance Framework
The mission of the company, as stated by its founder, Darren Wang, and CEO of OwlTing, is to address real-life problems and provide solutions that are compliant with blockchain technology. He said that OwlTing has gone beyond food traceability tools to establish a trusted enterprise payment infrastructure, known as OwlPay.
Winnie Lin, the Chief Financial Officer, stated that the company will also invest in technology as it seeks to expand its international presence. She emphasized that compliance, security, and efficiency are the three key areas that the company will continue to prioritize to sustain its long-term growth and success.
Lin has also stated that the mission of OwlTing is to provide value-added, reliable blockchain-based payment instruments to clients and investors worldwide.
Financial performance indicates constant improvement of the firm despite the continuous investment costs. OwlTing achieved revenue of $7.6 million in 2024, representing an 18.3% increase compared to 2023. It had, however, incurred a net loss of $10.3 million, compared to a net loss of $6.8 million in 2023.
With the commencement of trading, the Nasdaq debut of OwlTing demonstrates the increased investor belief in financial enterprises based on blockchain. The listing enhances the company’s transparency regarding regulations and its concept of connecting digital assets and global markets.
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