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OwlTing Group (NASDAQ: OWLS) Secures Ohio Money Transmitter License, Extending U.S. Coverage to 42 StatesThe license extends OwlPay's regulated settlement network into one of America's largest industrial economies, anchored by a $55 billion aerospace and defense sector, and toward the payment rails the Company is building for agentic commerce
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 $967 billion in 2025, larger than the national economy of Israel or Singapore.3 It is also one of America's foremost centers of aerospace and defense, anchored by Wright-Patterson Air Force Base and NASA Glenn Research Center. The state is home to more than 600 aerospace facilities and over 400 defense contractors, and its military and federal activity supports an estimated 418,000 jobs and approximately $55 billion in annual economic output.4 Industries of this scale run on supply chains that cross borders continuously. Ohio companies generated approximately $144 billion in cross-border goods trade in 2024, led by transportation equipment, machinery, and chemicals moving to and from Canada, Mexico, the European Union, and China.5 Each of those flows requires international payment settlement. With its Ohio Money Transmitter License now in place, OwlPay settles these cross-border payments on regulated, digital currency-based infrastructure built for the speed these industries require. 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 unning 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 Digital Asset and Distributed Ledger Disclaimer Third-Party Information OwlTing Group Media Relations OwlTing Group Investor Relations A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c5dab8a-fb51-406b-b60b-7e8d329fc4b4 ____________________ 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. 
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