Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 166

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 166
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 fiat currency in payouts to global suppliers. OwlPay is an application programming interface, or API, based payment platform with secure, real-time
and cost-effective one-stop payment solutions covering a range of services from payment gateway to business payout. Using blockchain technology and developer-friendly APIs for integration, OwlPay aims
to modernize business payments. OwlPay is a full-stack payment service platform that supports multiple payout settlement routes in not just fiat currency, but also stablecoin USD Coin (“USDC”) backed by U.S. dollar-denominated
assets. All of these features are designed to streamline the payment experience for businesses, especially for SMEs that have limited scale of operations but still need to effect cross-border payments. In addition to serving business clients,
OwlPayalso provides individual customers with stablecoin-related payment services, which would enable a simpler, more convenient and faster way to perform cross-border transactions and remittances.

OwlPay is also designed to simplify backend financial operations and cross-border transactions. For potential business clients, we
offer APIs to connect the businesses with their bank accounts, including for vendor

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and order management, mass payouts, real-time exchanges and automated payment processes. The payout transactions are encrypted with hardware security module technology, a specialized security
device used to manage, process and store digital keys securely, in order to ensure cryptographic operations are performed within a tamper-resistant environment.

We have built relationships with various settlement partners, including Circle, Coinbase Prime, Bridge XYZ, MoneyGram, VISA and NIUM and are
integrating their respective capabilities with those of the OwlPay platform to enable our customers to send funds and receive payments via fiat currency, credit cards and stablecoin USDC at the user’s choice. See “Business—Our
Partnerships.” By securing essential payment licenses in various regions, we currently have agreements in place with a number of financial institutions and financial and technology partners across multiple jurisdictions. In May 2023, we
enhanced our offerings by acquiring PayNow, a prominent payment gateway service provider in Taiwan, to offer a one-stop-shop solution from consumer payments to business payouts.

We currently offer OwlPay’s digital assets-related services through a separate, ancillary product, OwlPay Wallet Pro, and
plan to integrate the functionalities of OwlPay Wallet Pro into the OwlPay platform as a one-stop solution, in the first quarter of 2025. OwlPay Wallet Pro provides a hosted wallet infrastructure for business customers
and an unhosted wallet infrastructure for individual customers, enabling both business and