OBOOK Holdings Inc. (NASDAQ: OWLS), operating under the brand OwlTing Group, is a blockchain-based financial infrastructure and software company headquartered in Taipei, Taiwan. Founded in 2010 and incorporated in the Cayman Islands in 2011, the company operates a diversified ecosystem across three primary business segments: Payment Services, Hospitality Services, and E-Commerce. Payment Services, which generated 56% of the company's revenue in 2025, is anchored by OwlPay, a Web2 and Web3 hybrid payment solution that provides fiat and stablecoin (USDC) cross-border settlement, digital wallets, and remittance services. OwlPay holds Money Transmitter Licenses in over 40 U.S. states and operates under virtual asset and electronic payment licenses in the EU and Japan. The Hospitality Services segment (37% of revenue) features OwlNest, a blockchain-integrated property management system (PMS) and booking engine utilized by over 2,800 hotels and accommodations to manage reservations and prevent overbookings. The E-Commerce segment (7% of revenue) includes OwlTing Market, a platform connecting Taiwanese farmers and local merchants directly with consumers. While the company is expanding its regulatory and operational footprint globally, particularly in the United States and Asia-Pacific, over 99% of its revenue was derived from Taiwan in 2025. OwlTing leverages distributed ledger technology across its product suite to enhance data transparency, reduce transaction costs, and facilitate the digital transformation of business operations.
