Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 176

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 176
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 on the Stellar network. As our services expand, we
expect to connect with additional stablecoins issuers, digital assets exchanges to enhance our conversion capabilities. This includes on/off-ramping for stablecoins such as EURC, ZUSD, and GYEN, and supporting conversions between various
stablecoins, including USDC to ZUSD and vice versa. We also leverage Circle’s free Cross-Chain Transfer Protocol (CCTP) to enable seamless transfers of USDC across other supported blockchains, enhancing the user experience by reducing friction
in blockchain switching. See “—Our Third-Party Collaborations.”

We currently utilize and hold a range of
existing digital assets as an operational necessity to enable our stablecoin-related services. For on/off-ramp services, we currently support the conversion between USD and USDC on the blockchains Ethereum, Avalanche, Arbitrum, Polygon and OP
Mainnet (all using the ERC-20 standard), as well as USDC on Stellar (using the Stellar Asset standard). To enhance the convenience of transactions for our customers, OwlPay Wallet Pro handles the payment of the gas fees for hosted wallet
customers for supported blockchains and the payment of the gas fees for unhosted wallet customers on Stellar, so that our customers do not need to hold the native digital assets corresponding to the transaction chains. To realize this feature and
directly handle gas fees payments (on behalf of customer), we need to hold a variety of digital assets, including ETH on Ethereum, AVAX on Avalanche, MATIC on Polygon, ETH (ARB) on Arbitrum, ETH (OP) on OP Mainnet and XLM on Stellar. As future
supported blockchains are added, we expect to need to hold ETH (Base) on Base and SOL on Solana in order to support the conversion of USDC on Base (using ERC-20 standard) and USDC on Solana (using SPL standard) in the future. We expect to continue
to grow and expand our services for various stablecoins across different blockchain networks. Please also refer to “Risk Factors—We hold stablecoins and other digital assets for

119

our business operations and are subject to the risks associated with such digital assets. While we currently hold a de minimis amount of stablecoins and other digital assets, we expect
that the amount of stablecoins and other digital assets we hold will increase with the growth of our payment business in relation to the utilization of our stablecoin solutions.”

Hospitality Products and Services

Our offerings for clients in the