Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 171

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 171
---
coin space. We believe the following competitive
strengths contribute to our success and differentiate us from our competitors:

Early Mover Advantage in the Payment Industry

We are an early mover in the use of blockchain and stablecoin to provide a one-stop payments framework.
Through developer-friendly API integration, OwlPay enables businesses to automate the accounts payable process by streamlining sales order management, finance reconciliations and international payouts with various settlement methods and
currencies (including fiat currency, credit cards and stablecoin) internationally. OwlPay also allows individuals or businesses to transfer funds within minutes across the globe. To this end, we have invested a substantial amount of time and
effort to obtain the required payment licenses in each jurisdiction in which we plan to operate and/or establish collaborations with financial institutions and payment service providers that can offer a variety of payment solutions.

We expect to take advantage of our extensive capacity-building efforts within the payment sector, particularly stablecoin-related services, by
making our services generally available to business and individual end users through our OwlPaysuite. OwlPay Harbor, our API packages implementing conversion and payout services, and stablecoin based payment gateway solutions, allows
other wallet providers, financial institutions, and platform operators requiring cross-border payment solutions to access our capabilities for these third-party providers’ own users. Currently, we are serving as a “Stellar Anchor”
for USDC on the Stellar Network and supporting various blockchains, including EVM-compatible blockchains and Solana. OwlPay Wallet Prooffers hosted wallets for businesses and unhosted wallets for individuals, and integrates our own
on/off-ramp capabilities, allowing our end customers to execute transactions in a more cost-effective manner. In addition, OwlPay Wallet Pro recently

114

introduced a digital gift card service in the U.S., allowing users to purchase and redeem gift cards directly with USDC, thereby extending the everyday utility of stablecoins in retail and
consumer payments. We also plan to provide Wallet-as-a-Service (WaaS), allowing enterprises to customize and deploy wallets for their end users. We hope the multi-layered go-to-market strategy of our payment- and digital assets-related services and
capabilities would position us well for converting our early mover advantage into market presence. While no revenues for the years ended December 31, 2023 and December 31, 2024 were generated from OwlPay Harborand OwlPay Wallet Pro, as we continue to roll out OwlPay Harborand OwlPay Wallet Proand expect market adoption of stablecoins to increase, we