OBOOK Holdings Inc. (NASDAQ: OWLS), the Taiwan‑based blockchain technology company operating as the OwlTing Group, has received approval to list its Class A common shares on the Nasdaq Global Market through a direct listing scheduled for Thursday, October 16, 2025. The company’s shares will trade under the symbol OWLS, and its team will take part in the Nasdaq opening‑bell ceremony that morning.
This listing allows OwlTing to enter public markets without issuing new shares. The structure increases transparency while maintaining existing shareholder equity. OBOOK Holdings becomes the first fintech company headquartered in Asia to complete a direct listing on Nasdaq.
Expansion into enterprise stablecoin services
Founded by Darren Wang, OwlTing evolved from an e‑commerce platform serving the hospitality and agricultural sectors in Taiwan into a regional blockchain and financial‑technology enterprise. Its flagship solution, OwlPay, focuses on stablecoin‑based cross‑border payments and settlement. The system is designed to help businesses access faster, lower‑cost payments using approved digital assets within established compliance frameworks.
“Becoming a listed company on Nasdaq reflects our team’s long‑term focus on transparency and sustainable growth,” said Darren Wang, Founder and CEO of OwlTing. “We’ve built our products around practical use cases—from food traceability to global settlement—and intend to continue expanding within clear regulatory standards.”
Winnie Lin, CFO, added:
“The direct listing allows us to provide liquidity for shareholders while preserving financial discipline. Our next step will focus on scaling OwlPay’s infrastructure in the United States and Asia.”
Financial and regulatory overview
According to the company’s public filings with the U.S. Securities and Exchange Commission, OBOOK Holdings reported revenue of USD 7.6 million in 2024, an 18% increase year over year, with total payment volume of USD 218 million, up 62% from 2023. The company holds Money Transmitter Licenses (MTLs) across 36 U.S. states, covering the majority of its stablecoin payment operations.
OwlTing’s OwlPay Harbor API enables automated settlements in U.S. dollars for organizations that process payments in USDC and other approved stablecoins. Its customers include global e‑commerce vendors, hospitality partners, and cross‑border service firms seeking regulated blockchain settlement infrastructure.
According to CB Insights’ “Stablecoin Market Map 2025”, OwlTing ranked among the top two global providers in the Enterprise & B2B stablecoin infrastructure category.
Market and regulatory context
OBOOK’s Nasdaq debut comes as U.S. regulators clarify the legal framework for digital assets. The passage of the Guidance and Establishing National Stablecoin Innovation Act (GENIUS Act) in 2025 introduced a unified federal standard for stablecoin operations. This change has supported corporate adoption and increased market stability.
Recent data from CoinMarketCap show global stablecoin capitalization reaching USD 251.7 billion, up 22% since the start of the year, signaling growing institutional participation in blockchain‑based finance.
Analysts at KPMG Taiwan’s FinTech Advisory Division note that direct listings, though still less common, are “becoming an efficient route for established private firms that prioritize governance continuity and cost efficiency.” The firm also cites OwlTing’s MTL coverage and transparent financial reporting as factors supporting its Nasdaq eligibility.
Significance for asian capital markets
Headquartered in Taipei, with operational offices in the United States, Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia, OwlTing’s listing expands Asia’s representation on Nasdaq’s Global Market tier. The step may encourage more fintech companies in the region to explore U.S. capital access under direct‑listing structures.
For OBOOK Holdings, the public listing formalizes nearly a decade of technology development. The company’s leadership has stated that post‑listing priorities include strengthening compliance systems, diversifying institutional client partnerships, and broadening stablecoin support across major payment corridors.
About OBOOK Holdings Inc. (OwlTing Group)
OBOOK Holdings Inc., operating as the OwlTing Group, is a blockchain‑technology company headquartered in Taipei, Taiwan. The group develops enterprise‑grade digital‑asset payment solutions and blockchain applications for hospitality, cross‑border commerce, and supply chain transparency.
Kristian Koch
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