Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 165

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 165
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 enterprise stablecoin space. We believe the following competitive strengths
contribute to our success and differentiate us from our competitors:

Early Mover Advantage in the Payment Industry

We are an early mover in the use of blockchain and stablecoin to provide a one-stop payments framework.
Through developer-friendly API integration, OwlPay enables businesses to automate the accounts payable process by streamlining sales order management, finance reconciliations and international payouts with various settlement methods and
currencies (including fiat currency, credit cards and stablecoin) internationally. OwlPay also allows individuals or businesses to transfer funds within minutes across the globe. To this end, we have invested a substantial amount of time and
effort to obtain the required payment licenses in each jurisdiction in which we plan to operate and/or establish collaborations with financial institutions and payment service providers that can offer a variety of payment solutions.

We expect to take advantage of our extensive capacity-building efforts within the payment sector, particularly stablecoin-related services, by
making our services generally available to business and individual end users through our OwlPaysuite. OwlPay Harbor, our API packages implementing conversion and payout services, and stablecoin based payment gateway solutions, allows
other wallet providers, financial institutions, and platform operators requiring cross-border payment solutions to access our capabilities for these third-party providers’ own users. Currently, we are serving as a “Stellar Anchor” for
USDC on the Stellar Network and supporting various blockchains, including EVM-compatible blockchains, and we plan to extend coverage to Solana. OwlPay Wallet Prooffers hosted wallets for businesses and unhosted wallets for
individuals, and integrates our own on/off-ramp capabilities, allowing our end customers to execute transactions in a more cost-effective manner. We also plan to provide Wallet-as-a-Service (WaaS), allowing enterprises to customize and deploy
wallets for their end users. We hope the multi-layered go-to-market strategy of our payment- and digital assets-related services and capabilities would position us well for converting our early mover advantage into market presence. Payment service
is subject to a stringent regulatory regime and the license application process could be time-consuming and expensive. As an

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early mover in blockchain-based payment services, we have obtained licenses, made license applications and/or entered into agreements with payment service providers that hold the required
credentials in jurisdictions where we have operations. We are currently applying for new or additional licenses in the United States, Japan, Singapore and Hong Kong, and preparing to further expand to cover other regions including the EU