Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 190

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 190
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FIPS-certified security via Hardware Security Modules (HSM). The encryption system provides an extra layer of protection even if one or more nodes are compromised. Under MPC, the complete private key is never exposed or reconstructed at any time,
not even temporarily.

For OwlPay, we adhere to industry-leading standards, including ISO 27001, to safeguard our customers’
assets in the process of transmission. We have implemented comprehensive internal control procedures that address both external and internal threats, including the risks of self-dealing and other potential conflicts of interest. For instance, our
risk management framework includes multi-factor authentication, regular security audits, and encryption of sensitive data. In addition to these preventative measures, we mitigate residual risks by securing insurance coverage, which provides an extra
layer of protection for our customers in the event of unforeseen incidents.

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Furthermore, our infrastructure is designed for strict client asset separation. Each client
is assigned a unique, dedicated wallet address to isolate that client’s assets securely and prevent commingling of assets between clients, with our assets, and those of affiliates of ours. Each wallet address is tied exclusively to the client,
promoting transparency and clear ownership of digital assets. This address is never reused for other clients, allowing customers to independently verify their holdings at any time on public blockchain ledgers. This infrastructure design eliminates
the possibility of commingling assets between customers and/or us or our affiliates.

Our Third-Party Collaborations

As a player in the digital assets economy and global payment system, we build strategic collaborations and commercial relationships with third
parties in the ordinary course of our business that allow us to integrate third party capacities with ours to deliver services to our customers. We enter into binding commercial agreements under customary terms with these third parties, pursuant to
which we would pay agreed-upon service fees to utilize their services.

We have fostered relationships with ecosystem partners including
digital assets exchanges and settlement providers which help enable us to roll out services relevant to stablecoin on/off-ramping. For example, through Circle Mint, we are able to purchase and redeem USDC for USD and our use of Circle’s
Cross-Chain Transfer Protocol (CCTP) enables our transfer of such stablecoins between supported blockchains. Coinbase Prime, a digital asset exchange, also allows us to effectuate conversions between U.S. Dollar and USDC and in addition provides
trade execution services for us to acquire via Coinbase Prime certain digital assets that are necessary for our operations (e.g., payment of gas fees incurred on supported