OwlTing Group (NASDAQ: OWLS) Secures Ohio Money Transmitter License, Extending U.S. Coverage to 42 States
Rhea-AI Summary
OwlTing Group (NASDAQ: OWLS) obtained an Ohio Money Transmitter License, expanding OwlPay’s regulated settlement coverage to 42 U.S. states. The license lets OwlPay support cross-border digital currency-based payments for Ohio’s large industrial, aerospace, defense, and advanced manufacturing sectors.
OwlPay already processes significant U.S. and cross-border transaction volumes.
AI-generated analysis. Not financial advice.
Positive
- Ohio Money Transmitter License expands regulated coverage to 42 U.S. states
- Enables OwlPay to serve Ohio’s large industrial, aerospace, and defense economy
- OwlPay processes 45% of recent transactions within the U.S.
- OwlPay handles 40% of recent transactions cross-border across 21 foreign markets
- Existing client use case shows recurring cross-border payouts across Asia and Africa
- Additional licenses in Poland (VASP) and Japan (Bank API) broaden regulatory footprint
Negative
- None.
News Market Reaction – OWLS
On the day this news was published, OWLS gained 3.05%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 19 | AI booking launch | Positive | +0.9% | Introduced OwlPay Booking Engine for AI agent-driven hospitality reservations and payments. |
| Apr 29 | Annual report filing | Neutral | +0.7% | Filed Form 20-F with audited 2025 financials and business overview for investors. |
| Apr 29 | Full-year earnings | Neutral | +0.7% | Reported 2025 revenue, losses, OwlPay buildout progress, and a US$10M convertible investment. |
| Apr 27 | Earnings date notice | Neutral | -0.4% | Announced timing of full-year 2025 results release and related conference call. |
| Apr 20 | Lock-up extension | Positive | +11.9% | 12‑month lock-up extension by SBI and shareholders covering over 99% of subject shares. |
Stock has generally reacted positively to growth and regulatory milestones, with one divergence on an event-date notice.
Over recent months, OwlTing reported 2025 results with US$7.9M revenue and a US$31.9M net loss while completing the OwlPay buildout and listing on Nasdaq. It expanded money transmitter coverage to 40–41 U.S. states, added enterprise clients, and highlighted Visa Direct integration and AI agent-focused booking products. A lock-up extension covering more than 99% of subject shares drew the strongest prior reaction. Today’s Ohio license extends that regulatory footprint from 41 to 42 states, continuing the same build-out theme.
Market Pulse Summary
This announcement adds an Ohio Money Transmitter License, expanding OwlTing’s regulated coverage to 42 U.S. states alongside existing EU VASP and Japan Bank API licenses. It builds on 2025 revenue of US$7.9M, a US$31.9M net loss, and OwlPay’s growing base of 36 enterprise clients and multi-state infrastructure. Investors may monitor further licensing wins, client adoption, and the impact of the $11,500,000 convertible and registered 12,350,340 resale shares on the capital structure.
Key Terms
money transmitter license regulatory
virtual asset service provider (vasp) license regulatory
electronic payment service operator license regulatory
bank api license regulatory
form 20-f regulatory
form f-1 regulatory
senior secured convertible note financial
warrant financial
AI-generated analysis. Not financial advice.
The license extends OwlPay's regulated settlement network into one of America's largest industrial economies, anchored by a
ARLINGTON, Va., June 03, 2026 (GLOBE NEWSWIRE) -- OwlTing Group (NASDAQ: OWLS) (“OwlTing” or the “Company”), the operating brand of OBOOK Holdings Inc., a global fintech company, today announced that it has obtained a Money Transmitter License from the State of Ohio. The license brings OwlTing's coverage to 42 U.S. states1 and extends the reach of OwlPay, the Company's cross-border payment and settlement infrastructure, into one of the most industrially significant economies in the United States.2
Ohio is the seventh-largest state economy in the United States, with a GDP of approximately
Industries of this scale run on supply chains that cross borders continuously. Ohio companies generated approximately
For industries of this value, regulated settlement is a foundation rather than a finish line. OwlPay is designed so that the same licensed infrastructure can carry an enterprise across the full arc of cross-border payment, from conventional settlement, to digital currency-based settlement, and toward the agent-driven payment models beginning to take shape in global commerce, in which AI increasingly initiates and completes transactions on the behalf of users. For an aerospace, defense, or advanced manufacturing supplier, the Company believes the advantage lies in a single regulated foundation rather than various providers, and a state money transmitter license is direct evidence that the regulated settlement foundation beneath these capabilities is built to meet enterprise standards.
“Ohio is one of the great industrial economies of the United States, built by companies that make what the world depends on and sell it across borders,” said Darren Wang, Founder and CEO at OwlTing Group. “The supply chains behind aerospace, defense, and advanced manufacturing never stop moving, and the money behind them should move just as freely. Over time, more of that money will move on programmable rails, and increasingly it will be initiated by the AI agents now beginning to transact on a user's behalf. Our work is to make sure the regulated settlement beneath all of it holds to the same standard from the start. Securing a license like this one is how we earn that standard, market by market, for the borderless economy that global commerce is moving toward.”
This license is the latest step in a regulated U.S. build-out that OwlTing has pursued one state at a time. Each license widens the market OwlPay can serve and adds to a domestic footprint that takes years to assemble, a foundation that grows more valuable as a larger share of global commerce moves toward regulated, digital currency-based settlement.
That foundation is already carrying volume. Over recent months, 45 percent of OwlPay's transactions settled within the United States and 40 percent settled cross-border across 21 foreign markets, with the largest corridors running to China, Hong Kong, the United Arab Emirates, and Nigeria.
The businesses behind those flows span fintech platforms, remittance providers, and cross-border B2B payers, the same profile of enterprise that drives Ohio's export economy. For one client with high cross-border volume, OwlPay settles recurring payouts from the United States to suppliers and partners across Asia and Africa, supporting the export and procurement payments at the center of its operations.
OwlTing continues to advance its regulatory roadmap beyond the United States. The Company operates under a Virtual Asset Service Provider (VASP) license in Poland and an Electronic Payment Service Operator license (Bank API license) in Japan, and plans to pursue licensing in Hong Kong, Singapore, and select markets across Latin America, subject to applicable regulatory review. Each market the Company enters on a licensed basis extends the same regulated standard to more of the businesses that depend on cross-border settlement.
About OwlTing Group
OwlTing Group (NASDAQ: OWLS) is the operating brand of OBOOK Holdings Inc., a global fintech company founded in Taiwan, with subsidiaries in the United States, Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia. The Company operates a diversified ecosystem across payments, hospitality, and e-commerce. In 2026, OwlTing was named to the Financial Times and Statista “High-Growth Companies Asia-Pacific 2026” list, ranking No. 226 among the top 500 fastest-growing companies in the region with a
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of applicable securities laws. These statements relate to future events or the Company’s future financial or operating performance and involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements can often be identified by words such as “may,” “will,” “expect,” “anticipate,” “plan,” “intend,” “believe,” “estimate,” or similar expressions. These forward-looking statements are based on the Company’s current expectations and assumptions and speak only as of the date of this announcement. The Company undertakes no obligation to update any forward-looking statements, except as required by law. Investors are cautioned not to place undue reliance on these statements and are encouraged to review the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission.
Digital Asset and Distributed Ledger Disclaimer
References in this press release to digital assets, distributed ledger technologies, or digital currencies are for informational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any digital asset, security, or financial instrument. Digital asset markets are subject to significant volatility and regulatory uncertainty, and the availability of related products and services may be subject to regulatory approvals and compliance with applicable laws and regulations.
Third-Party Information
This press release may contain references to third-party companies, products, services, or research publications. Such references are provided for informational purposes only and do not constitute an endorsement, sponsorship, or recommendation by the Company unless expressly stated.
OwlTing Group Media Relations
pr_office@owlting.com
OwlTing Group Investor Relations
ir@owlting.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c5dab8a-fb51-406b-b60b-7e8d329fc4b4
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1 As of June 3, 2026, OwlTing Group has obtained MTL licenses or their equivalent in 41 U.S. states and is applying for licenses in additional states. The Company has now expanded its regulatory footprint in 42 U.S. states. For a list of U.S. licenses obtained, please see https://www.owlting.com/owlpay/licenses?lang=en.
2 All money transmission services in the United States are provided by OwlTing USA, Inc. (NMLS ID: 2324336), a wholly owned subsidiary of OBOOK Holdings Inc.
3 According to U.S. Bureau of Economic Analysis, 2025, "SAGDP1 State annual gross domestic product (GDP) summary." Please see: https://apps.bea.gov/itable/?ReqID=99&step=1.
Country comparison according to IMF DataMapper, Please see: https://www.imf.org/external/datamapper/.
4 According to JobsOhio, "Q3 Recap: Ohio's Aerospace & Defense Advantage," September 2025. Please see: https://www.jobsohio.com/newsroom/news-press/q3-recap-ohios-aerospace-defense-advantage.
5 Ohio goods exports according to the Office of the U.S. Trade Representative. Please see: https://ustr.gov/map/state-benefits/oh.
Ohio goods imports and total cross-border trade according to the Federal Reserve Bank of Cleveland, "Ohio's International Trade Relationships," November 2025. Please see: https://www.clevelandfed.org/publications/cleveland-fed-district-data-brief/2025/cfddb-20251128-ohios-international-trade-relationships.
