Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 181

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 181
---
 to offer customers more favorable conversion rates. As our services expand, we expect to connect additional stablecoins issuers, digital assets exchanges or

123

settlement providers to support plan on/off-ramp services with more stablecoins, including EURC, ZUSD and GYEN.

– 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 Ethereum, Avlanche, Polygon, Optimism, Arbitrum and Stellar. For example, payers can send USDC from Ethereum, and
recipients can receive it on other blockchains, such as Stellar, without attending to the specific blockchain details. When executing cross-chain transactions, we will charge a percentage-based transaction fee.

We currently utilize and hold a range of existing digital assets as an operational necessity to enable our stablecoin-related
services. For our on/off-ramp services, we currently support the conversion between fiat currencies 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, we handle 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