RegulatoryJun 3, 2026, 06:06 AM
OwlTing Secures Ohio Money Transmitter License, Expands to 42 States
AI Summary
OwlTing Group, operating as OBOOK Holdings Inc., announced it has obtained a Money Transmitter License from the State of Ohio. This license expands OwlPay's regulated settlement network to 42 U.S. states, targeting Ohio's significant $967 billion economy and its $55 billion aerospace and defense sector. The move enhances OwlPay's ability to settle cross-border payments for industries with high trade volumes, supporting both traditional and digital currency-based transactions and future AI-driven commerce. The company continues its regulatory expansion both domestically and internationally.
Key Highlights
- OwlTing obtained a Money Transmitter License from the State of Ohio.
- The license expands OwlPay's regulated settlement network to 42 U.S. states.
- Ohio is the 7th largest U.S. state economy with a $967 billion GDP in 2025.
- Ohio's aerospace and defense sector contributes approximately $55 billion in annual economic output.
- Ohio companies generated approximately $144 billion in cross-border goods trade in 2024.
- OwlPay's transactions are 45% U.S. domestic and 40% cross-border across 21 foreign markets.
- OwlTing holds a VASP license in Poland and an Electronic Payment Service Operator license in Japan.
- The company plans to pursue licensing in Hong Kong, Singapore, and Latin America.
Price Impact
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