Nasdaq Listing Marks Milestone for OwlTing’s Stablecoin Ambitions

Taiwanese blockchain firm OwlTing will begin trading on the Nasdaq Global Market on October 16 under the ticker OWLS, marking a milestone as one of the first Asian stablecoin infrastructure companies to list directly on a major U.S. exchange.

According the information the company highlighted that choosing Nasdaq provides greater visibility and liquidity while meeting higher governance and financial standards, positioning OwlTing as a regulated, institutional-grade partner in a sector often associated with volatility.

Founded in 2010, OwlTing originally operated in e-commerce and hospitality before pivoting to blockchain-based payments. Its stablecoin infrastructure, OwlPay, is designed to support regulated digital currencies for cross-border transactions, a market that analysts say could grow to $2 trillion in circulation by 2028.

The company reported $7.6 million in revenue for 2024, up 18% year-on-year, with gross payment volume rising 62% to $218 million. Its hospitality arm, OwlNest, serves over 2,500 clients and achieved a 108% net dollar retention rate. OwlTing expects profitability to improve as its stablecoin operations scale and margins expand.

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OwlTing’s Nasdaq listing comes amid a wave of regulatory developments and industry moves. The U.S. GENIUS Act and other frameworks are creating safer foundations for stablecoin adoption, while competitors like Stripe’s Bridge, Circle, Paxos, Ripple, and Coinbase seek federal trust charters to expand their operations.

OwlTing described the market opportunity as “immense,” aiming to cement regulated stablecoins as the backbone of global digital payments.