Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 189

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 189
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 is never reused for other clients, allowing customers to independently verify their holdings at any time on public blockchain ledgers. This
infrastructure design eliminates the possibility of commingling assets between customers and/or us or our affiliates.

Our Partnerships

As a player in the digital assets economy and global payment system, we partner with third parties in the ordinary course of our business that
allow us to integrate third party capacities with ours to deliver services to our customers. We enter into binding commercial agreements under customary terms with these third parties, pursuant to which we would pay agreed-upon service fees to
utilize their services.

We partner with a USDC issuer, digital assets exchanges and settlement providers which help enable us to roll out
services relevant to stablecoin on/off-ramping. For example, Circle, a USDC issuer, provides us with the

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services that include our purchase and redemption of the stablecoins supported by Circle such as USDC with fiat currencies and a swapping mechanism enabling our transfer of such stablecoins
between supported blockchains. Bridge Ventures, the settlement provider operating the platform Bridge XYZ, allows us to integrate their API with our products to enable our customers to access their back-end services of acquiring and selling
stablecoins with fiat currencies. Coinbase Prime, a digital asset exchange, also allows us to effectuate conversions between fiat currencies and USDC and in addition provides trade execution services for us to acquire via Coinbase Prime certain
digital assets that are necessary for our operations (e.g., payment of gas fees incurred 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