Taiwanese stablecoin infrastructure company OwlTing is set to make its debut on the Nasdaq Global Market on Thursday, October 16, under the ticker symbol OWLS. This move marks it as one of the first Asian blockchain firms to list directly on a major U.S. exchange.
OwlTing stated that the Nasdaq Global Market was chosen for its strict financial and governance requirements, which offers greater visibility and liquidity. The company framed the listing as a commitment to becoming a regulated, institutional-grade partner in the often-volatile stablecoin sector.
Stablecoin Market Heats Up Amid Regulation
OwlTing’s debut comes as the stablecoin industry experiences rapid expansion and increasing regulatory interest:
- Massive Growth Projected: While daily stablecoin transactions are currently around $30 billion, analysts project the market’s circulation could skyrocket to $2 trillion by 2028, according to McKinsey.
- Regulation Driving Adoption: New regulatory frameworks, like the U.S. GENIUS Act, are making the sector safer and more transparent, spurring institutional interest.
- Race for Bank Charters: Stripe’s stablecoin arm, Bridge, recently applied for a federal trust charter with the Office of the Comptroller of the Currency (OCC), joining industry giants like Circle, Paxos, Ripple, and Coinbase in the quest for federal banking approval.
- Traditional Finance Interest: A coalition of major international banks, including Santander, Barclays, Goldman Sachs, and UBS, is exploring a G7 currency-backed stablecoin product.
OwlTing’s Financials and Strategy
Founded in Taipei in 2010, OwlTing initially focused on e-commerce and hospitality before pivoting to blockchain payments. The company views the opportunity in stablecoin infrastructure as “immense,” believing that new global regulations are creating a safer foundation for mass adoption.
In 2024, the company reported:
- Revenue: $7.6 million (up 18% year-on-year).
- Gross Payment Volume: $218 million (up 62%).
OwlTing expects profitability to strengthen as its OwlPay stablecoin infrastructure scales, establishing stablecoins as the foundation of global cross-border payments.
October 2025, Cryptoniteuae
