Summary
- OwlTing's parent Obook Holdings announced it will direct-list on Nasdaq under the ticker 'OWLS'.
- The direct listing will be carried out without issuing new shares to prevent dilution of existing shareholders' stakes.
- OwlTing has focused on stablecoin payment infrastructure development, and the listing is expected to make it Asia's first listed stablecoin infrastructure company.
Taiwan's stablecoin payment infrastructure company OwlTing is set to direct-list on the U.S. Nasdaq.
On the 15th (local time), The Block reported that OwlTing's parent company Obook Holdings announced it will begin trading on Nasdaq under the 'OWLS' ticker from the 17th (KST). The listing will be conducted as a direct listing without issuing new shares to prevent dilution of existing shareholders' stakes.
OwlTing originally operated various businesses such as lodging and e-commerce, but in recent years has focused on developing stablecoin payment infrastructure. In 2023, it launched the 'UlPay' platform, which allows companies to pay partners worldwide with stablecoins, marking its full entry into the blockchain payments market.
Meanwhile, with this Nasdaq listing, OwlTing is expected to establish itself as Asia's first listed stablecoin infrastructure company.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
