A major step for blockchain adoption is unfolding this week as Taiwan’s OwlTing prepares to make its debut on the Nasdaq.

The company behind the stablecoin-focused platform OwlPay will begin trading under the ticker “OWLS,” opting for a direct listing that allows existing shareholders to maintain their stakes while inviting public investors to join.

OwlTing has long positioned itself at the intersection of traditional commerce and blockchain technology. Initially known for its ventures in hospitality and e-commerce, the company has shifted its focus toward payment infrastructure that bridges digital and fiat currencies.

OwlPay, introduced in 2023, enables businesses to send payouts to international suppliers in either USDC or fiat, providing faster and cheaper cross-border transactions compared to conventional banking systems.

Founder and CEO Darren Wang says the company’s evolution has been shaped by practical innovation and a commitment to compliance—a key differentiator as regulators worldwide tighten oversight of crypto-linked businesses.

CFO Winnie Lin emphasized that OwlTing’s next phase involves expanding its international reach and advancing its blockchain-driven payment architecture to serve enterprises on a global scale.

Although the firm posted a net loss of $10.3 million in 2024, its revenue rose by more than 18% to $7.6 million, underscoring steady growth as adoption of stablecoin payments accelerates. With this Nasdaq debut, OwlTing joins a small but growing group of fintech pioneers translating blockchain technology into real-world financial infrastructure.