Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 181

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 181
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 as meeting regulatory compliance requirements. We charge fixed-amount, per-transaction handling fees, while the percentage-based transaction fees for conversion from between USDC and fiat
currency would contribute to the bulk of our revenue in stablecoin on/off-ramp operations. The transaction fees for conversion are calculated as the transaction amount multiplied by an agreed-upon percentage rate with customers. The transaction fees
percentage rates for stablecoin on/off-ramping are determined based on the costs of transactions in each region while also referencing the prices set by industry peers. The transaction fees are retained in the applicable fiat currency. We are
further rolling out, and expect to complete in the first quarter of 2025, our on/off-ramp service route that directly connects with the USDC issuer Circle and the digital assets exchange Coinbase Prime, through which we hope to be able to offer
customers more favorable conversion rates. As our services expand, we expect to connect additional stablecoins issuers, digital assets exchanges or settlement providers to support plan on/off-ramp services with more stablecoins, including EURC, ZUSD
and GYEN.

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– Anchor Services

OwlPay Harbor is an API package that enables other wallet providers to seamlessly integrate our on/off-ramp services
into their wallet offerings. Currently, we have tailored and adapted our on/off-ramp services on the Stellar chain to align with the specifications set for the Stellar Network and are serving as a “Stellar Anchor.” We expect to grow the
service coverage of OwlPay Harbor to support on/off-ramping for various stablecoins and blockchains, including Ethereum and Solana.

– USDC Cross-chain Solution

With the rise of various Ethereum Virtual Machine-compatible networks and other blockchain networks, Circle has issued USDC on
multiple blockchains, making it a potentially complicated system for 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. Circle has agreed to provide us with a free swapping mechanism service that enables
transfer of USDC between their supported blockchains as approved by the CENTRE Consortium. See “—Our Partnerships.” With OwlPay Bridge (CrossChain) technology, we 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