OpenWorld Takes Over Nasdaq Listing to Build RWA Tokenization Business
- Published
OpenWorld and VerifyMe completed their business combination, and the combined company started trading on Nasdaq under OPNW on October 1. OpenWorld says it will focus on tokenizing real-world assets for institutional users and still intends to pursue a dual listing on Figure OPEN by November. A separate filing describes the Nasdaq route as a reverse acquisition, says the RWA business already brings in revenue, and notes that a proposed blockchain share class did not get the shareholder approval needed for the planned Figure OPEN approach.
Key claims & sources
What it means
For users and customers watching the company’s products, the change is that OpenWorld now trades on Nasdaq as OPNW after the business combination closed on October 1. The company says its focus is institutional-grade tokenization of real-world assets, so tomorrow morning the market will be looking at a public company that is now explicitly organized around that business.
In practice, the route to public trading was not a conventional IPO, and the plan for a dual listing on Figure OPEN is still described as something OpenWorld intends to pursue by November. What stays the same is that the RWA business already produces revenue, while the planned blockchain share class did not secure the shareholder approval needed for that route.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 37 days ago | Evernorth XRP Treasury Deal: What the Nasdaq Listing Could Mean for XRP Holdings event | 1 actors in common · 5 news media |