RegulatoryJun 3, 2026, 07:36 AM
OwlTing Group Secures Ohio Money Transmitter License, Expanding U.S. Coverage to 42 States
AI Summary
OBOOK Holdings Inc. (OWLS), operating as OwlTing Group, announced it has obtained a Money Transmitter License from the State of Ohio. This marks a significant expansion of its U.S. regulatory footprint, bringing its coverage to 42 states. The license enables OwlPay, the company's cross-border payment infrastructure, to operate within Ohio's substantial industrial economy, particularly supporting sectors like aerospace and defense. This move is part of OwlTing's broader strategy to build a regulated settlement network globally, with existing licenses in Poland and Japan and plans for further international expansion.
Key Highlights
- OwlTing Group (OWLS) has secured a Money Transmitter License from the State of Ohio.
- This license expands OwlTing's U.S. state coverage to 42 states.
- The license allows OwlPay to operate in Ohio, a state with a GDP of approximately $967 billion in 2025.
- Ohio's economy is significantly driven by aerospace and defense sectors, with an estimated $55 billion in annual economic output.
- OwlPay's regulated settlement network will now serve cross-border payments for Ohio's industries, including transportation equipment, machinery, and chemicals.
- OwlTing also holds a VASP license in Poland and an Electronic Payment Service Operator license in Japan, with plans for further licensing in Hong Kong, Singapore, and Latin America.
Price Impact
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