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Taiwan-based fintech company OwlTing is set to make its debut on the Nasdaq after receiving approval for a direct listing. The company, operated by Obook Holdings, confirmed that trading will commence on Thursday with its Class A common shares listed under the ticker symbol OWLS. This approach enables OwlTing to avoid issuing new shares, thereby maintaining shareholder value.
The firm has steadily expanded its operations beyond hospitality and e-commerce into blockchain-driven financial solutions. In 2023, OwlTing launched OwlPay, a platform that enables global businesses to use stablecoins such as USDC or traditional currencies for supplier payouts. This step marked a significant shift toward enterprise-level blockchain adoption focused on stable and compliant digital payments.
Founder and CEO Darren Wang emphasized that the company’s growth has been anchored on practical blockchain applications. According to Wang, OwlTing’s evolution from food traceability projects to establishing OwlPay as a trusted payment system demonstrates its commitment to compliance and real-world functionality.
He highlighted that the company’s long-term vision revolves around solving industry challenges through innovation rooted in regulatory transparency.
CFO Winnie Lin reaffirmed the company’s intention to strengthen its global presence. She noted that OwlTing will continue investing in technology and compliance infrastructure to enhance its blockchain-based payment services. Lin explained that the goal remains to deliver secure, efficient, and affordable payment solutions that drive long-term shareholder value.
OwlTing’s financial performance reflected a year of expansion, with the firm generating $7.6 million in revenue in 2024, representing an 18.3 percent year-over-year increase. Despite the progress, the company reported a net loss of $10.3 million, compared with a $6.8 million loss in 2023.
The figures highlight OwlTing’s ongoing investment phase as it scales its financial technology platforms globally.
With trading about to begin, OwlTing’s Nasdaq entry signals growing investor interest in blockchain firms that prioritize compliance and transparency. The company’s emphasis on stablecoin payment infrastructure positions it as a significant player in the digital finance ecosystem, bridging traditional and blockchain-based payment systems.
By 36Crypto
3 months ago
