Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 175

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 175
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 Ethereum Virtual Machine-compatible networks and other blockchain
networks, Circle has issued USDC on multiple blockchains, making it a potentially complicated system for

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users to navigate. We aim to simplify this problem by offering cross-chain services, allowing users to own and transfer USDC without worrying about which blockchain it exists on. We collaborate
with Circle to allow USDC transfers between different blockchains, simplifying the payment process by handling the USDC location automatically. We currently offer conversion between USDC on Ethereum and USDC on the Stellar network. We also leverage
Circle’s free Cross-Chain Transfer Protocol (CCTP) to enable seamless transfers of USDC across other supported blockchains for hosted wallet. See “—Our Third-Party Collaborations.” With cross chain technology, we expect to
provide a simplified payment experience to our customers by handling on our end the switching of blockchains on which the USDC transferred is based, supporting such cross-chain transactions among Ethereum, Avlanche, Polygon, Optimism, Arbitrum. For
example, payers can send USDC from Ethereum, and recipients can receive it on other blockchains, such as Polygon, without attending to the specific blockchain details. When executing cross-chain transactions, we will charge a percentage-based
transaction fee.

OwlPay Infrastructure Solutions

For third-party wallet providers, financial institutions, and platform operators with existing technical capabilities seeking cross-border
payment solutions, we offer infrastructure solutions that grant direct access to our core capabilities and enable a smooth transition into Web3.

OwlPay Harbor

OwlPay Harbor is our proprietary API package that enables third-party users to access our conversion
services—between fiat currencies and stablecoins, as well as between USDC across different blockchains—along with stablecoin based payment gateway solutions and payout capabilities. We directly connect with the USDC issuer Circle, the
digital assets exchange Coinbase Prime, and our collaborating banks, through which we are able to offer customers to convert from fiat currency via wire or ACH to USDC, and vice versa, given more favorable conversion rates, to collect USDC from
their end users, and to facilitate payouts to their suppliers or recipients in either USDC or 10 local currencies, supporting diverse global use cases. We currently operate as a “Stellar Anchor”, with conversion services between USD and
USDC tailored to the Stellar Network, and support various EVM-compatible blockchains, with plans to expand to Solana. We have also launched conversion services between USDC on Ethereum and USDC