Taiwan-based fintech firm OwlTing is set to make its Nasdaq debut this Thursday, marking a major milestone for the company and for Taiwan’s growing presence in the global blockchain and stablecoin ecosystem.
OwlTing’s parent company, Obook Holdings, announced that its Class A common shares will begin trading on October 16 under the ticker symbol “OWLS.” Unlike traditional IPOs, the company chose a direct listing, allowing existing shareholders to sell their shares directly to the public without issuing new stock — a move that avoids dilution and reflects confidence in its current valuation.
OwlTing GroupFounded by Darren Wang, OwlTing began as a platform bridging blockchain with sectors like hospitality and food traceability. Over the years, it has evolved into a stablecoin-focused payment infrastructure provider, helping businesses make secure, efficient, and cost-effective transactions worldwide. Its flagship platform, OwlPay, launched in 2023, enables enterprises to settle payments in both fiat and stablecoins such as USDC, providing a flexible solution for cross-border supplier payments.
“Our journey has always been about solving real-world problems with technology that’s practical, compliant, and trustworthy,” said CEO Darren Wang. “From blockchain applications in food safety to enterprise-level stablecoin payments, we’re focused on building tools that matter.”
CFO Winnie Lin added that the company will continue investing in innovation, international expansion, and compliance infrastructure, aiming to strengthen its role as a leader in blockchain-powered payments.
According to OwlTing’s 2024 financial filing, the firm recorded $7.6 million in revenue, representing an 18.3% increase year-over-year, though it also reported a net loss of $10.3 million, up from $6.8 million in 2023. Despite the losses, the company’s consistent revenue growth signals rising adoption of its payment technology.
As trading begins, investors and industry observers will be watching closely to see how OwlTing performs on the global stage — and whether its Nasdaq debut will help validate the business case for stablecoin payments in mainstream commerce.
