OwlTing Shifts to Growth Phase as Stablecoin Settlement Gains Traction

OwlTing Group, traded on Nasdaq as (), is shifting from an infrastructure investment phase into a growth and profitability phase. The company's flagship product, OwlPay Harbor, is built around stablecoin settlement and serves as a regulated bridge between traditional fiat systems and blockchain-based transfers.

According to management, the business is gaining traction, with enterprise demand rising across cross-border payment corridors. Key metrics include 79 enterprise clients as of July, with payment volume more than doubling from June and rising for six straight months.

OwlPay Harbor can off-ramp stablecoins to over 60 countries and supports fiat transfers across more than 250 regions. Revenue comes mainly from transaction fees of 15 to 50 basis points and foreign exchange spreads of 50 basis points to 2 percent. The company has money transmitter licenses across 50 U.S. states and regulatory approvals in Japan, Europe, and other key jurisdictions.

Management sees near-term growth opportunities in the U.S.-Africa, U.S.-Latin America, U.S.-Japan, and Southeast Asia corridors. They highlighted Nigeria, Hong Kong, China, Japan, and India as important markets. The company plans to expand proprietary settlement corridors in places not yet covered by Circle Payments Network.