Taiwanese Stablecoin Infrastructure Company OwlTing Secures Nasdaq Listing
OwlTing, a Taiwanese stablecoin infrastructure company, will begin trading on the Nasdaq Global Market under the ticker OWLS, becoming one of the first Asian blockchain firms to list directly on a major U.S. exchange. The move aims to enhance investor visibility and establish OwlTing as a regulated, institutional-grade partner in the stablecoin sector. The stablecoin industry is expanding rapidly, with daily transaction volumes of $30 billion and projections of up to $2 trillion in circulation by 2028, driven by new regulatory frameworks like the U.S. GENIUS Act. Major banks and fintech firms are increasingly exploring stablecoin products and seeking regulatory approval. Founded in 2010 in Taipei, OwlTing shifted from e-commerce to blockchain-based payments and reported $7.6 million in 2024 revenue, an 18% increase from the previous year, with $218 million in gross payment volume. The company expects profitability to improve as its stablecoin business scales and new regulations create a safer environment for adoption.
