OpenWorld Takes Over Nasdaq Listing to Build RWA Tokenization Business

OpenWorld has officially entered the public market via a reverse acquisition of VerifyMe, resulting in a Nasdaq-listed entity trading under the ticker OPNW as of October 1. While the merger successfully transitioned OpenWorld’s RWA tokenization and capital-markets operations into a public structure, a key proposal to authorize 'Blockchain Common Stock' for listing on Figure’s Onchain Public Equity Network failed to meet the required shareholder voting threshold. Despite receiving more votes in favor than against, the proposal fell short of the 50% total voting power requirement, leaving a gap in the company's on-chain equity strategy. The combined entity is now controlled by former OpenWorld securityholders, who hold approximately 85.5% of the fully diluted equity. Financial filings reveal that OpenWorld’s revenue model currently relies on bespoke, project-based mandates rather than predictable, repeatable infrastructure income. This transition to a public company provides investors with unprecedented transparency into the financial health of an RWA-focused firm. The company’s ability to navigate its own corporate and regulatory hurdles regarding on-chain equity will serve as a practical test case for the challenges its clients face in the broader RWA market. Ultimately, the firm must now prove it can scale beyond individual mandates to achieve sustainable, diversified revenue growth.