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Discover Ludwig"is owning" is correct and usable in written English.
You can use it when you want to talk about the current ownership of something. For example, "Steve is owning the store now."
Dictionary
is owning
verb
To have rightful possession of (property, goods or capital); to have legal title to.
Exact(58)
Gonzaga is owning the boards, though.
Here she is owning the Tony Awards.
She is owning her own truth.
The difference is owning up to what you do.
The key, she says, is owning the room.
Mr. Cowell's edge is owning two international hit shows.
But, she added: "Building so close is owning the tragedy.
What you might get some benefit from is owning a petrol company.
Everybody is Owning up What the world is reading Off target Better dead than read Tension!
The only thing more problematic than desiring a beautiful object, I've discovered, is owning it.
At least someone is owning up to the awful legacy of Mr. Bush's illegal detention policies.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com