Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 174

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 174
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 converting these into over 40 currencies, allowing payments to be made to more than 220 regions. Circle is a global financial
technology firm headquartered in the United States, and we can utilize stablecoin for payout worldwide through Circle. We also work closely with the credit card networks, such as VISA, to provide virtual card solutions and instant card account
payment. We have also entered into strategic cooperation with Stellar, serving as a “Stellar Anchor” to provide on/off-ramp services that can be easily integrated by other wallet providers who are also on the Stellar Network, allowing us
to reach out to new customers on the Stellar network. See “—Our Partnerships.”

While leading payment companies and
merchant settlement firms are now using stablecoin to solve real-world pain points in payment, we believe OwlPay is one of the first movers in this space and has successfully developed of a platform using stablecoin as an efficient means of
settlement for our primary customers, such as international e-commerce platforms and OTAs. We also plan to integrate the functionalities of OwlPay Wallet Pro into the OwlPay platform so
that customers will be able to access various fiat currency and stablecoin payment options and perform these payment transactions on a single platform. Combining traditional fiat currency and credit card solutions with an advanced stablecoin
transaction infrastructure in one offering, OwlPay aims to serve as a full-stack payment platform that empowers the users with the flexibility to choose the payment method that best suits their needs, and the liberty to switch from processing
transactions with fiat currency to stablecoins. By leveraging our early mover advantages, we believe we are well-positioned to capture the opportunity for blockchain-based payment services and expand our customer base in the underserved market.

Our Global Licensing Infrastructure

Many of the governments and financial authorities around the world have developed regulatory frameworks for the payment industry, which could
be complicated to navigate and may continue to evolve. We have set out to build a global licenses portfolio, including the MSB registration with the U.S. federal government and the MTLs from a total of 30 states in the United States that we have
obtained and the VASP registration in Poland. We have been making applications for the payment-related licenses in stages and have invested over three years in building our current license portfolio. We have also developed and invested in our
business to meet various requirements for obtaining and maintaining these payment-related licenses, including bonding, minimum capital and net worth requirements, staffing of qualified professionals and development of suitable internal controls and
report