- OwlTing, a Taiwanese stablecoin infrastructure provider, will start trading on the Nasdaq Global Market on Thursday.
- The company is using a direct listing option to prioritize transparency and prevent dilution of shareholder value.
- OwlTing aims to position itself as a regulated, institutional-grade player as global attention on stablecoins increases.
- Recent regulatory steps and high institutional interest are fueling fast expansion across the stablecoin sector.
- In 2024, OwlTing recorded $7.6 million in revenue and $218 million in gross payment volume, expecting profitability to improve as its platform grows.
OwlTing, a stablecoin infrastructure company based in Taiwan, will begin trading its Class A common shares on the Nasdaq Global Market this Thursday. The shares will be listed under the ticker symbol OWLS. The company’s direct listing method is intended to spotlight transparency and avoid diluting shares for existing investors.
OwlTing selected the Nasdaq Global Market for its higher financial, market-cap, and governance standards. According to a company statement, the exchange offers “greater visibility and liquidity to global investors.” The move follows a period of intensified regulatory scrutiny and a growing presence of stablecoins in institutional portfolios.
A company representative stated, “This listing positions OwlTing as a regulated, institutional-grade partner in a sector often associated with volatility, underscoring our commitment to building a sustainable and trustworthy stablecoin infrastructure.” Stablecoin platforms serve as a bridge between digital and traditional currencies, and are designed to reduce price swings by tying value to traditional assets.
Market data shows the stablecoin industry facilitates about $30 billion in daily transactions, less than 1% of global money flows. Analysts cited by McKinsey predict that the value of stablecoins in circulation could reach $2 trillion by 2028.
New regulatory rules such as the U.S. GENIUS Act are making stablecoins safer and more transparent. Other firms, including Stripe’s Bridge, Circle, Paxos, Ripple, and Coinbase, are seeking or have applied for federal banking approvals. Meanwhile, leading banks like Santander, Barclays, Goldman Sachs, and UBS have launched plans to create a G7 currency-backed stablecoin.
Founded in 2010 and based in Taipei, OwlTing originally operated in e-commerce and hospitality before focusing on blockchain payments. OwlTing reported $7.6 million in revenue for 2024, an 18% increase from the previous year. Gross payment volume grew to $218 million, up 62%. The company serves over 2,500 hospitality clients through its OwlNest division.
Net losses increased due to costs related to the Nasdaq listing, but OwlTing expects stronger profitability as it expands stablecoin infrastructure and widens margins. The company calls the stablecoin sector “immense” and aims to build infrastructure for regulated stablecoins to support global payments growth.
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