Taiwanese stablecoin payment company OwlTing has received approval for its direct listing on the Nasdaq, with trading set to commence on Thursday.
Obook Holdings, which operates OwlTing, announced Tuesday that the company’s Class A common shares will begin trading on Oct. 16 under the ticker OWLS. The company opted for a direct listing approach, which avoids diluting existing shares.
OwlTing operates a diverse range of businesses, spanning hospitality to e-commerce, and has in recent years focused on developing stablecoin payment and infrastructure services. In 2023, it launched OwlPay to enable businesses to use stablecoins (such as USDC) or fiat currency in payouts to global suppliers.
“From pioneering blockchain applications in food traceability and hospitality to scaling OwlPay into a trusted enterprise-grade stablecoin payment platform, our journey has always been defined by meeting real-world needs with a compliance-first mindset,” Darren Wang, founder and CEO of OwlTing, said in the statement.
Winnie Lin, CFO of OwlTing, said that the company plans to continue investing in innovation, expanding its international presence, and strengthening its compliance-first operations. “Our focus remains on delivering secure and cost-effective blockchain-powered stablecoin payment solutions that create long-term value for shareholders worldwide,” said Lin.
In 2024, the company generated $7.6 million in revenue, up 18.3% year over year, according to its prospectus. It reported a net loss of $10.3 million for the year, compared with a net loss of $6.8 million in 2023.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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