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Draft:OwlTing Group

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OwlTing Group (Nasdaq: OWLS)
Nasdaq Global Market: OWLS
IndustryFinance, FinTech, Hospitality, E-Commerce
FounderDarren Wang, John Hsieh
HeadquartersTaipei, Taiwan
ServicesStablecoin Infrastructure, On/Off Ramp, Acquiring Services, Digital Wallet, Fiat Payment Gateway, Compliance Solution, Property Management Service, Online Travel Agency, B&B, Marketplace
RevenueUS$7.6 million (2024)
Number of employees
200

OBOOK Holdings Inc.,.[1] which operate as OwlTing Group, founded in 2010 by Darren Wang[2]. The company is a blockchain technology company that provides stablecoin and fiat cross-border payment infrastructure, as well as services in hospitality and e-commerce[3]. The company is headquartered in Taipei and it has subsidiaries and branch offices in the United States, Japan, Poland, Singapore, Hong Kong, Thailand and Malaysia[4].

OwlTing's core services include global payment infrastructure and stablecoin on- and off-ramp solutions, which allow businesses to move between digital assets and traditional currencies for cross-border transactions[5]. The company has also collaborated with companies including VISA[6], Stellar Development Foundation[7], Circle[1], MoneyGram[8], CoinBase[1], SumSub[1] andMoonPay[1] on payment-related services.

In 2025 CB Insights included the company in its stablecoin market map, identifying it as one of the top two companies in the “Enterprise & B2B" sector[9]. That same year, OBOOK Holdings Inc., filed a confidential F-1 with the Securities and Exchange Commission for a planned direct listing on the Nasdaq Global Market[4][10].

History

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2010-Origins and early services

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The business traces its roots to 2010, when Darren Wang, a software engineer born in the Taiwanese fishing village of Badouzi, returned from Silicon Valley to start a company aimed at improving food safety. Wang had previously worked at Google and other technology start‑ups. He created the platform to provide “fresh milk and healthy foods for the kids” and personally visited farms around Taiwan to select vendors. OwlTing initially operated an online marketplace called OwlTing Market selling milk, fruit and other products.

The company built OwlTing Map to display producers on a digital map, and by 2017 it sourced products from more than 1,500 farmers and merchants. Customers of the marketplace had an average order value exceeding US$60 and a repeat‑purchase rate around 70%. In 2014 OwlTing partnered with Taiwanese exchange MaiCoin to accept bitcoin for checkout, becoming what it described as Asia’s first e‑commerce platform to accept the cryptocurrency[2][11].

2017

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The company announced OwlChain, an Ethereum‑based food provenance system that uses a consortium blockchain to make supply chains tamper‑resistant. OwlChain, which the company described as the world’s first blockchain food traceability system. The platform uses the blockchain infrastructure and provides an open API so that other vendors can add data to the chain. OwlTing stated that the transparent ledger would improve trust in Taiwan’s food industry and said that additional participants, including Taiwan Agricultural Global Marketing, Sinhong Soy Sauce and other producers, were preparing to join the network[12].

Later in 2017 the company entered the hospitality sector with OwlNest, a hotel management system built on Ethereum. OwlNest combines a booking engine, property‑management system and channel manager, using smart contracts to allow hotels to manage inventory and accept payments. The system aimed to reduce staffing costs and prevent over‑booking by recording reservations on a blockchain. The release described OwlNest as the world’s first blockchain‑based hotel management service and noted that OwlTing was already working with hotels in the United States, Taiwan, Japan and Malaysia[1][13].

2018

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OwlTing announced that SBI Crypto Investment, a subsidiary of Japan’s SBI Holdings, had made an eight‑figure USD investment in exchange for a 20% equity[14][15].

2019

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OwlTing subsequently introduced other blockchain services. It launched OwlCheck, an anti‑counterfeiting system for verifying product authenticity, and in 2019 announced OwlTing Blockchain Services (OBS), a platform that offers blockchain solutions to industries such as hospitality, agriculture and government. According to the company, OBS was used to build a traceability system for Taiwan’s forest products[3].

2021

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In late 2021, the company rolled out OwlPay, a payment service designed to help businesses manage orders and settlements. The platform combined reconciliation tools with bulk payment functions and allowed companies to automate payment flows, while partner vendors could reconcile and confirm receipts through the same system to reduce manual processes. The first phase was launched in collaboration with Cathay United Bank, which provided APIs for integrating order and supplier data into enterprise systems and enabled businesses to conduct payments directly through the bank without logging into online banking[16][17].

2022

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OwlTing collaborated with Circle to enable the use of USD Coin (USDC) for cross-border settlement, allowing businesses to convert U.S. dollar deposits into USDC and select blockchain networks for payment processing[18].

The company also worked with the global platform for modern money movement Nium[19], compliance technology provider Napier and adopted the Dow Jones Watchlist for customer‑due‑diligence measures. OwlPay processes payments via traditional bank rails and stablecoins and offers integration through APIs; the company claimed the service had processed more than US$12 million in volume by mid‑2022. At that time OwlTing described itself as a “global blockchain services company” with branch offices in the United States, Japan, Thailand, Malaysia, Hong Kong and Singapore[20].

Later in 2022, OwlTing expanded OwlPay’s domestic presence through a partnership with First Bank in Taiwan, offering API-based integration for order management, reconciliation, and batch payments to support enterprise digital transformation[21].

OwlTing was named among the top 10 emerging giant companies in Taiwan in KPMG and HSBC’s “Emerging Giants in Asia Pacific” report[22].

2023

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The company acquired PayNow, a prominent Taiwanese payment gateway service provider[23].

2024

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The company launched OwlPay Wallet Pro, a digital wallet that supports stablecoins such as USDC and is integrated with the Stellar blockchain. The service was designed for cross-border payments and offered features for both individual and enterprise users[24].

In the same year, the company completed Series C and C+ funding round. The Stellar Development Foundation contributed about USD$3 million, while additional backing came from family offices, venture capital firms, and investors in Taiwan and Japan[25], including UNIVA OAK Holdings[26].

2025

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In 2025, OwlTing launched OwlPay Harbor, an API-based service for stablecoin on- and off-ramping[27], and OwlPay Stablecoin Checkout, which allows merchants to accept stablecoin payments and settle in fiat[28]. The company also partnered with GMO Trust to expand offerings in Japanese yen stablecoins[29].

The group’s parent company, OBOOK Holdings Inc., filed for a planned direct listing on the Nasdaq Global Market[4][10]. In the same year, CB Insights ranked OwlTing among the top two global players in the "Enterprise & B2B" sector in stablecoin market map in 2025[9]

On Oct. 16, the company is officially listed on the Nasdaq Global Market. Shares of the company opened at $68 per share, higher than the reference price of $10. At market close on the same day, the price of $55.55 per share placed OBOOK's market capitalisation at around $4.9 billion.[30]

Licensing

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OwlTing is registered as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN)[1]. The company has also pursued Money Transmitter Licenses (MTLs) in the United States, reporting coverage in 39 states[31]

In Japan, OwlTing has been licensed as an Electronic Payment Instrument Service Provider (電子決済等代行業), which enables to connect API with a bank[32]. In the European Union, the company has registered in Poland as a Virtual Asset Service Provider[33].

Recognition

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  • In 2025, OwlTing was ranked among the top two global players in the "Enterprise & B2B" sector in CB Insights’ Stablecoin Market Map[9].
  • In 2025, the company was profiled in FXC Intelligence’s State of Stablecoins in Cross-Border Payments report[34].
  • In 2022, OwlTing was named among the top three emerging giant companies in Taiwan in KPMG and HSBC’s Emerging Giants in Asia Pacific report[22].

Areas of business

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  • Payments — OwlPay develops infrastructure for stablecoin and fiat transactions, including on- and off-ramp services, merchant checkout, digital asset management, API integrations, and cross-border settlement[1].
    • OwlPay Harbor, an API-based infrastructure for on- and off-ramping between stablecoins and traditional currencies. It is designed for businesses to integrate global settlement services into their platforms, and also enables users to leverage AI for integration through MCP[5][35][36].
    • OwlPay Stablecoin Checkout, this service allows merchants to accept stablecoin payments and settle in traditional currency, either through OwlPay's Harbor's embedded API integration or via the OwlPay Payment interface, which it states can reduce costs and settlement times[28].
    • OwlPay Pay Wallet Pro, a digital wallet that supports stablecoins such as USD Coin (USDC) and integrates with the Stellar blockchain. It offers functions for both individual and enterprise users, including cross-border transfers and account management[7].
    • OwlPay Payment, provides user interfaces that offer services ranging from payment gateway to various payout solutions in stablecoin and fiat currencies[1].
  • Hospitality — The company operates multiple platforms in the hospitality and travel sectors.
    • OwlNest, a blockchain-based hotel management system, the system is adopted by more than 2,500 hotels worldwide[1][37][38].
    • OwlJourney, an online travel agency platform, focus on room booking[1][39][40].
    • OwlTing Experience, an online travel agency, focus on experience and local tour[1][41][42].
    • OwlStay, a B&B in Taiwan[1][43][44].
  • E-commerce — OwlTing operates marketplaces such as OwlTing Market, connecting farmers and producers with consumers, and supporting direct sales of food and agricultural products[1][45][46]

Leadership

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  • Darren Wang — Founder and Chief Executive Officer. Wang established OwlTing in 2010 after working in Silicon Valley and South Korea. He earned his master’s degree in electrical and computer engineering from Boston University, studying under Prof. Lev Levitin, the inventor of the Margolus–Levitin theorem, and later completed Owner/President Management Program (OPM 63) at Harvard Business School[1][2][47].
  • John Hsieh — Co-founder and Chief Technology Officer. Prior to joining OwlTing, Hsieh served as the chief technology officer of LGS (TaiwanGo) from 2004 to 2010. Hsieh received his bachelor’s degree in bio-industrial mechatronics from National Taiwan University[1][47]

Reference

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  1. ^ a b c d e f g h i j k l m n o p "Form F-1". www.sec.gov. Retrieved 2025-10-07.
  2. ^ a b c Wang, Cindy (2018-03-22). "Ex-Googler Wants to Upend Pigs and Hotels With the Blockchain". Bloomberg.com. Retrieved 2025-10-07.
  3. ^ a b "Marching from Taiwan to the World: Blockchain Startup Owlting's Ten Year Journey｜Meet Global". meet-global.bnext.com.tw. Retrieved 2025-10-07.
  4. ^ a b c Group, OwlTing (2025-09-18). "OBOOK Holdings Inc. Announces Online Investor Day Ahead of Planned Nasdaq Direct Listing". GlobeNewswire News Room (Press release). Retrieved 2025-10-07. {{cite press release}}: |last= has generic name (help)
  5. ^ a b Group, OwlTing (2025-05-27). "OwlTing Group Unveils AI-Powered OwlPay® Harbor™ for Stablecoin On/Off-Ramping". GlobeNewswire News Room (Press release). Retrieved 2025-10-07. {{cite press release}}: |last= has generic name (help)
  6. ^ Group, OwlTing. "OwlTing Teams Up With Visa to Streamline Cross-border Payments". www.prnewswire.com (Press release). Retrieved 2025-10-07. {{cite press release}}: |last= has generic name (help)
  7. ^ a b Group, OwlTing. "OwlTing Unveils Integration with Stellar to Support USDC Stablecoin on OwlPay® Wallet Pro". www.prnewswire.com (Press release). Retrieved 2025-10-07. {{cite press release}}: |last= has generic name (help)
  8. ^ Sidhika, Anika (2024-12-04). "OwlTing and MoneyGram partner to boost global stablecoin access". Private Banker International. Retrieved 2025-10-07.
  9. ^ a b c "The stablecoin market map". CB Insights Research. 2025-05-29. Retrieved 2025-10-07.
  10. ^ a b "OBOOK HOLDINGS INC. (OWLS)". Nasdaq.com. 2025-09-24.
  11. ^ "橫跨社群、電商、旅遊、區塊鏈領域 勇於變革變形的奧丁丁｜Meet創業小聚". meet.bnext.com.tw (in Chinese). 2018-01-19. Retrieved 2025-10-07.
  12. ^ OwlTing. ""OwlChain" Launched as the World's First Food Blockchain Provenance System". www.prnewswire.com (Press release). Retrieved 2025-10-07.
  13. ^ OwlTing. ""OwlNest" Launched as the World's First blockchain Hotel Management Service". www.prnewswire.com (Press release). Retrieved 2025-10-07.
  14. ^ Group, OwlTing (2018-05-09). "Taiwan Blockchain Startup OwlTing Announces Strategic Investment from SBI Group to Accelerate Global Expansion Strategy". GlobeNewswire News Room (Press release). Retrieved 2025-10-07. {{cite press release}}: |last= has generic name (help)
  15. ^ "ブロックチェーン技術を活用したeコマース事業を行う台湾のOwlTing(アウルティング)社への出資に関するお知らせ（SBIクリプトインベストメント）｜ニュースリリース｜SBIホールディングス". www.sbigroup.co.jp. Retrieved 2025-10-07.
  16. ^ CIO編輯部 (2023-01-16). "迎戰全球 B2B 跨境交易市場 奧丁丁集團創三大支付里程碑 | CIO Taiwan" (in Chinese (Taiwan)). Retrieved 2025-10-07.
  17. ^ 區塊客 (2021-09-14). "奧丁丁集團進軍支付市場！攜手國泰世華推動「數位金融」再升級". 區塊客.
  18. ^ Hsu, Zi-Lin (2022-07-14). "奧丁丁推B2B穩定幣跨境支付 區塊鏈實現數秒到帳". 自由時報.
  19. ^ "OwlPay Partners with Nium to Launch Global B2B Cross-Border Payment Service - PR Newswire APAC". en.prnasia.com. Retrieved 2025-10-07.
  20. ^ Group, OwlTing. "OwlTing Group Leverages Dow Jones Watchlist for OwlPay to Achieve Robust Global Regulatory Compliance". www.prnewswire.com (Press release). Retrieved 2025-10-07. {{cite press release}}: |last= has generic name (help)
  21. ^ 孫, 彬訓. "奧丁丁集團攜手第一銀推自動化對帳付款 助企業財務數位轉型". 工商時報 (in Chinese (Taiwan)). Retrieved 2025-10-07.
  22. ^ a b "Emerging Giants in Asia Pacific" (PDF). KPMG.com.
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  24. ^ "OwlTing Unveils Integration with Stellar to Support USDC Stablecoin on OwlPay® Wallet Pro". PR Newswire (Press release). Retrieved 2025-10-07.{{cite press release}}: CS1 maint: url-status (link)
  25. ^ 陳, 碧芬. "台日混血新創奧丁丁 再獲美國入資逾千萬美元". 工商時報 (in Chinese (Taiwan)). Retrieved 2025-10-07.
  26. ^ "当社による台湾企業への資本参加並びに当社及びＵＮＩＶＡ ＣＡＰＩＴＡＬグループによる 同企業日本法人との業務提携にかかわる基本合意に関するお知らせ". Nikkei.com. 2024-12-23.
  27. ^ "OwlTing Unveils OwlPay Harbor™, Offering USDC On/Off-Ramp Service". PR Newswire (Press release). Retrieved 2025-10-07.{{cite press release}}: CS1 maint: url-status (link)
  28. ^ a b "OwlTing Introduces OwlPay® Stablecoin Checkout™ for Global Businesses". AP News. 2025-07-29. Retrieved 2025-10-07.
  29. ^ Times, The Fintech (2025-03-27). "OwlTing Partners With GMO Trust to Bridge the Cross-border Accessibility Gap With Stablecoins". The Fintech Times. Retrieved 2025-10-07.
  30. ^ Li, Ryan (2121-08-15). "Taiwanese stablecoin payment firm OwlTing makes direct listing on Nasdaq". FinanceAsia. Retrieved 2025-10-22. {{cite web}}: Check date values in: |date= (help)
  31. ^ "OwlPay". www.owlting.com. Retrieved 2025-10-07.
  32. ^ "電子決済等代行業者登録一覧" (PDF). 財務局. 2025-09-30.
  33. ^ "Wyszukiwarka firm". www.biznes.gov.pl. Retrieved 2025-10-07.
  34. ^ "The state of stablecoins in cross-border payments: 2025 primer". FXC Intelligence. 2025-07-17. Retrieved 2025-10-07.
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  37. ^ Green, David (2017-12-01). "OwlTing Leads Taiwan's Blockchain Awakening". The News Lens International Edition. Retrieved 2025-10-07.
  38. ^ "OwlNest Property Management System | Official Website Booking Platform with Zero Commission and OTA Room Control System OwlNest Blockchain Hotel Management System". www.owlting.com. Retrieved 2025-10-07.
  39. ^ 經濟日報. "低碳環島新時代來臨 WeMo Scooter推出全台隨租隨還 | 熱門亮點 | 商情". 經濟日報 (in Chinese). Retrieved 2025-10-07.
  40. ^ "奧丁丁揪你訂房 - 訂房超輕鬆，精選優質民宿，住越多省越大- OwlJourney". journey.owlting.com. Retrieved 2025-10-07.
  41. ^ "Tourists visit Daylily Mountain in eastern Taiwan | Taiwan News | Sep. 8, 2024 10:13". taiwannews.com.tw. 2024-09-08. Retrieved 2025-10-07.
  42. ^ "OwlTing Experiences - Discover tours, outdoor adventures, sightseeing tickets and wifi service for your next trip". OwlTing Experiences. Retrieved 2025-10-07.
  43. ^ "太魯閣之外，怎麼玩花蓮？叢林滑索擺盪、海邊騎馬踏浪 - alive - 商業名人的生活美學". 商業周刊. 2025-01-26. Retrieved 2025-10-07.
  44. ^ "【OwlStay】我們將故事藏進所有你碰觸的記憶裡". 【OwlStay】我們將故事藏進所有你碰觸的記憶裡 | OwlStay 故事所 (in Traditional Chinese). Retrieved 2025-10-07.
  45. ^ "十年磨一劍！區塊鏈新創奧丁丁將開實體店，讓在地小農被看見". 數位時代 (in Chinese). Retrieved 2025-10-07.
  46. ^ "OwlTing Market 奧丁丁市集 - 在地鮮奶水果｜產季鮮選的好滋味". OwlTing Market 奧丁丁市集 - 在地鮮奶水果｜產季鮮選的好滋味. Retrieved 2025-10-07.
  47. ^ a b "OwlTing Investor Relations". investors.owlting.com. Retrieved 2025-10-07.
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