PR91261

TAIPEI, Aug. 27, 2021 /PRNewswire=KYODO/ --

OwlTing Group, a blockchain technology company, announces that Meyer Sandy

Frucher, a former Vice-Chairman of Nasdaq, has joined the company's board of

directors. OwlTing's success in its home market in Taiwan has proven the

company has a compelling value proposition that is ready for international

competition. Mr. Frucher's appointment comes as the firm focuses on scaling

globally.

Mr. Frucher's service with Nasdaq began in 2008 when, as CEO of the

Philadelphia Stock Exchange (PHLX), he negotiated it's acquisition by Nasdaq.

Continuing on as Vice-Chairman of Nasdaq, he led Nasdaq's relationships with

international exchanges, representing Nasdaq on the board of directors of the

World Federation of Exchanges. He continues to represent Nasdaq on the board of

the Options Clearing Corporation (OCC), where he is the longest-serving board

director.

"Stock Exchanges have enabled capital formation and job growth in the most

developed countries, but far too many companies in the developing world have

been left behind, unable to absorb the enormous costs of public listing or

Environmental, Social and Governance reporting capabilities, and in some cases,

simple payment systems. OwlTing's affordable blockchain solutions are

game-changing for growing companies around the world. I'm excited to support

the management team's global ambitions," Mr. Frucher stated.

"Blockchain are systems of automated trust. This industry is in its infancy.

Consumers and regulators alike are changing their expectations. Consumers want

proof that their goods did not exploit vulnerable people and investors want

proof that their portfolio companies are reducing their carbon emissions.

Shortages and trade disruptions are causing companies to reconsider their

supply chains and whether automation via smart contracts can improve their

bottom line. Distributed ledgers and blockchain have transformative potential

for a world with new expectations," said Mr. Frucher.

OwlTing provides easy access to blockchain solutions for industries such as

finance, hospitality, agriculture, logistics and mobility that share needs for

cost-effective resilience and transparency in the digital era.

OwlTing's strategic partners include SBI Holdings, the leading Japanese

financial technology company, which placed a significant investment in OwlTing

in 2018.

Darren Wang, Founder and CEO of OwlTing said, "It is our pleasure to welcome

Sandy to the OwlTing Group. Sandy's embrace of technology at PHLX was

visionary, and his leadership at Nasdaq and in the global exchange community

guided the transformation of capital markets in the internet era. We are very

early in the blockchain era, only recently moving from predictions and 'hype'

to applications in production. Sandy's experience in transforming capital

markets and his global relationships will guide our growth strategy and add to

our momentum."

About OwlTing Group

OwlTing Group is a blockchain technology company headquartered in Taiwan and

has branch offices in the U.S., Japan, Singapore, Hong Kong, Thailand,

Malaysia, and U.A.E.. Darren Wang, a serial entrepreneur and blockchain

industry angel investor, founded OwlTing in 2010, and it has since received

venture backing from leading VCs, including an eight-figure USD investment from

the Japanese financial giant SBI Holdings in 2018. In 2019, OwlTing

collaborated with U.S. companies, forming partnerships across borders to

develop innovative blockchain applications. To learn more, please visit:

https://www.owlting.com

SOURCE OwlTing Group

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   Caption: Meyer Sandy Frucher joins OwlTing's board of directors