Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 189

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 189
---
 on supported blockchains that we would handle on behalf of our customers). MoneyGram, a fintech payment and settlement provider, enables our individual users of
unhosted wallet to convert between cash in local fiat currencies and USDC in multiple jurisdictions by leveraging MoneyGram locations worldwide.

We partner with fintech players such as NIUM and VISA to help deliver payment services via fiat currencies and leverage the access provided by
our partners’ global payment network. NIUM helps provide fiat currencies exchange and cross-border remittance services to our customers using OwlPay. VISA provides API access to our virtual card solutions for payout needs, where our
OwlPaycustomers could generate multiple sub-virtual cards to pay suppliers or employees’ travel and miscellaneous expenses. We have also agreed, and are collaborating on product development, with VISA to utilize its VISA Direct for
Account services that enable fiat currencies foreign exchange and cross-border remittance within the same card network for our instant card account payments service, which is another fiat currency payment option that we plan to develop under our
OwlPay platform.

In addition to partnerships providing services to us that supplement our capabilities, we also continue to
explore possibilities for mutually beneficial strategic relationships with our partners. In connection with an equity investment in our company by the Stellar Development Foundation (“SDF”), an important developer in the blockchain
industry, we entered into a binding commercial agreement in November 2023, pursuant to which we agree to use commercially reasonable efforts to explore our further integration with the Stellar Network, a new payment standard centered around USDC led
by Stellar. The strategic cooperation includes potential integration with our OwlPay platform, such as holding, sending, receiving and paying with USDC on Stellar; possibility that we could become a Stellar Anchor on the send-side and/or
receive-side; and opportunity for us to provide on/off-ramping capabilities with USDC on Stellar to other third parties on the Stellar Network. A “Stellar Anchor” is an entity cooperating with SDF and providing services that can be easily
integrated by other wallet providers who are also on the Stellar Network. We plan to become a Stellar Anchor that can provide a licensed and secure self-hosted payment wallet and a direct on/off-ramp solutions for sending and receiving stablecoins,
after we complete development of a route for on/off-ramp services that connects directly with a USDC issuer or digital assets exchange (e.g., Circle, Coinbase Prime) and further tailor and adapt our on/off-ramp services to the specifications set for