OwlTing to Debut on Nasdaq with Direct Listing
- OwlTing will begin trading on the Nasdaq Global Market on October 16 under the ticker symbol OWLS.
- The company opted for a direct listing to prioritize transparency and avoid shareholder dilution.
- OwlTing is one of the first Asian blockchain firms to list directly on a major U.S. exchange.
- The stablecoin market sees daily transactions of around $30 billion, with projections to reach $2 trillion by 2028.
- In 2024, OwlTing reported $7.6 million in revenue, an 18% increase year-on-year, with gross payment volume rising 62% to $218 million.
OwlTing’s direct listing on the Nasdaq highlights its commitment to transparency and positions it as a key player in the stablecoin industry. The listing is significant amid global regulatory focus and growing institutional interest in digital currencies.
The company’s revenue growth and increasing payment volume underscore its potential to capitalize on the expanding stablecoin market. (Source)
