The Company officially becomes a
Stellar Anchor that enables seamless API integration for
Web3, DeFi, and digital wallet companies to make
compliant and reliable transactions.
TAIPEI, Feb. 26,
2025 /PRNewswire/ -- OwlTing Group (the "Company"), a
global blockchain fintech company, today announced the launch of
OwlPay HarborTM, a next-generation digital
payment infrastructure that enables Web3, DeFi, and
digital wallet service providers to offer their users to seamlessly
convert between traditional U.S. dollars (USD) and the
USDC[1] stablecoin, addressing the growing
demand for efficient fiat-to-crypto asset
solutions.
This elevates the Company to becoming an official
Anchor[2] on the Stellar
network[3], one of the world's
fastest-growing payment ecosystems, processing $4.8 billion in transactions and connecting more
than 9 million active
addresses worldwide[4]. OwlPay
HarborTM simplifies fiat on/off-ramping by
minimizing transaction costs incurred by third parties for
businesses integrating with the Stellar network, offering
competitive fees without charging a monthly service fee.
With enterprise-ready APIs and wide compliance coverage across
31 U.S. states[5], OwlPay
HarborTM is positioned as a trusted and secure
partner for Web3 and decentralized finance players
operating in the U.S. The Company is also in the process of
preparing for applications for relevant licenses in Japan and plans to extend its infrastructure
to the Japanese market in the near future.
"OwlPay HarborTM represents our vision of
bridging traditional finance with digital assets across platforms,"
said Darren Wang, Founder and CEO
at OwlTing Group. "The strong regulatory foundation of the
Stellar network makes it an ideal network for us to build on. With
our robust portfolio of Money Transmitter Licenses and regulatory
expertise in the U.S., we support rising innovators as they sail
through the ever-changing market dynamics."
"We're excited to welcome OwlPay HarborTM as a
Stellar anchor. Their enterprise solution aligns with our mission
to expand access to the global financial system," shared
Denelle Dixon, CEO and Executive
Director at Stellar Development Foundation. "As our first
Asia-based Anchor partner, OwlTing
will play a vital role in accelerating the adoption of
Stellar-powered services across multiple regions. Together, we will
break barriers and continue improving the world financial
inclusion."
OwlTing upholds high standards of compliance, integrity, and
security through collaborations with partners such as Chainalysis
and Sumsub for secured Know Your Customer (KYC) and Anti-Money
Laundering (AML) procedures. The Company has also obtained the ISO
27001 certification, reinforcing its commitment to minimizing cyber
risks. This strong compliance foundation, coupled with the
strategic Stellar partnership announced in August 2024, positions OwlPay
HarborTM as the go-to enterprise solution for
simple USD/USDC conversion.
Moving forward, the Company plans to expand the OwlPay
HarborTM infrastructure beyond Stellar to key
networks such as Ethereum, Base, and
Solana, ensuring a more versatile and compatible API
experience for businesses operating within the broader blockchain
ecosystem.
Key Features of OwlPay HarborTM:
- Easy Integration: support the Stellar network, including
SEP-24[6] and SEP-10[7]
protocols, for fast, low-cost, and secure transactions.
- Quick On/Off-Ramp: offer Bank ACH and wire services for
smooth fiat deposits.
- Reduced Cost: minimize third-party involvement and
ensure a 1:1 USD/ USDC exchange rate,
with competitive fees and no monthly service fees.
- Strong Regulatory: Regulatory compliant in 31 U.S.
states with every transaction backed by robust KYC and AML
processes, ensuring compliance and reliability for businesses
operating in the U.S.
- Enterprise-ready APIs and Support: established APIs with
dedicated technical support.
About OwlTing Group
Founded in 2010, OwlTing is a global blockchain fintech company
based in Taiwan and has branch
offices in the U.S., Japan,
Singapore, Hong Kong, Thailand, and Malaysia. In 2022, it was selected by KPMG and
HSBC as "the Leading 3 Emerging Giants in Taiwan". With the mission to usher in the
digital transformation of traditional payment processes, while
ensuring legal compliance, OwlTing introduced OwlPay®, a Web2 and
Web3 hybrid payment solution, to empower global businesses to
operate confidently in the evolving digital landscape. For more
information, visit https://www.owlting.com/portal/?lang=en.
About Stellar
Stellar is more than a blockchain. Powered by a
decentralized, fast, scalable, and uniquely
sustainable network made for financial products and services and a
thriving and passionate ecosystem that includes a non-profit
organization driven by a mission, Stellar is paving the path to
unlock the world's economic potential through blockchain
technology. Built with speed and low costs in mind, the Stellar
network provides builders and financial institutions worldwide a
platform to issue assets, and to send and convert currencies in
real time creating real world utility.
About the Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit
organization that supports the development and growth of Stellar,
an open-source network that connects the world's financial
infrastructure. Founded in 2014, the Foundation helps maintain
Stellar's codebase, supports the technical and business communities
building on the network, and serves as a voice to regulators and
institutions. The Foundation seeks to create equitable access to
the global financial system, using the Stellar network to unlock
the world's economic potential through blockchain technology. For
more information, visit https://stellar.org/foundation.
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[1] USDC is
an internet-native, fully-reserved, regulated digital dollar that
leverages blockchain networks to enable businesses, developers, and
individuals to conduct near-real-time, low-cost global
transactions. It is a leading, fully-reserved global stablecoin
issued through Circle's regulated affiliates. To learn more about
using or accessing USDC, visit USDC.com. To learn more about
Circle's regulatory authorizations, visit Circle's Licenses page
https://www.circle.com/legal/licenses.
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[2] An
anchor is a Stellar-specific term for the on and off-ramps that
connect the Stellar network to traditional financial rails, such as
a fintech company like OwlTing Group. Anchors accept users'
deposits of fiat currencies for receiving the equivalent digital
tokens on the Stellar network. Anchors also allow token holders to
redeem their tokens for the real-world assets they
represent.
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[3] Stellar
is an open-source network that connects the world's financial
infrastructure, supported by The Stellar Development Foundation
(SDF), a U.S. non-profit organization.
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[4]
According to Stellar's Q3 2024 report, it has processed $4.8
billion in payment transactions and connecting more than 9 million
active addresses.
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[5] As of
January 2025, OwlTing Group has obtained MTL licenses in 31 U.S.
states and is in the process of applying for relevant legal trading
licenses in other 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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[6] SEP-24
is the standardized protocol for hosted deposits and withdrawals on
Stellar's ecosystem. With OwlPay HarborTM, businesses can make their
on/off-ramp services available as an in-app experience through
Stellar-based applications such as wallets and exchanges, extending
their reach and connecting with users through the applications they
already use.
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[7] SEP-10
is the authentication protocol of Stellar. This is used to verify
the user's KYC information.
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SOURCE OwlTing Group