Taiwanese stablecoin infrastructure company OwlTing is about to be listed on Nasdaq

ChainCatcher news, according to Decrypt, Taiwan stablecoin infrastructure company OwlTing will be listed and traded on the Nasdaq Global Market on Thursday.

The company's Class A common shares are expected to begin trading on October 16 under the ticker symbol OWLS. In 2024, OwlTing achieved revenue of $7.6 million, an 18% year-on-year increase, and total payment volume grew by 62% to $218 million. According to company disclosures, its hotel business division OwlNest serves more than 2,500 clients, with a net dollar retention rate of 108%. Although one-time listing costs affected net profit, OwlTing stated that as the scale of its stablecoin infrastructure expands and profit margins improve, the company's profitability is expected to strengthen.