Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 171

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 171
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offers 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. While our revenues for the years ended December 31, 2023
and December 31, 2024 were not substantially attributable to OwlPay Harborand OwlPay Wallet Pro, as we continue to roll out OwlPay Harborand OwlPay Wallet Proand expect market adoption of stablecoins to increase, we
believe OwlPay Harborand OwlPay Wallet Prowould enhance the breadth of our OwlPayservices and strengthen our market position in digital asset payment solutions.

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Payment service is subject to a stringent regulatory regime and the license application
process could be time-consuming and expensive. As an 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 and Latin America. In particular, we have completed the MSB registration with the U.S. federal government, and we have obtained the MTLs from a total of 35 states in the United States, the VASP registration in Poland, and
the EPISP registration in Japan. For further details, see “— Regulations.” To illustrate, for a business customer in Florida paying its vendors in Japan, it can exchange U.S. dollars to Japanese Yen and complete the
cross-border payout to its vendors in Japan, all done with one stop through OwlPay Payment. Alternatively, the Florida business may also apply for a hosted wallet through OwlPay Wallet Proand choose to send via USDC: it can on-ramp its U.S. dollars and convert into USDC, and send USDC to its vendors in Japan at the vendors’ wallet. Similarly, an individual customer in Florida may apply for an unhosted wallet through OwlPay Wallet Proand on-ramp U.S. dollars to USDC and make payments to the business’s wallet. When we release our off-ramp