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Norwegian Block Trade scores funding

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Simply earlier than getting into 2021, the Normal Meeting accepted the completion of a 60 million NOK non-public placement, for which Pareto Securities, the main funding financial institution within the Nordics, acted as the only real supervisor and ebook runner. which places NBX in a major place to proceed to develop our buying and selling platform for cryptocurrencies and digital belongings, in addition to new merchandise associated to banking and E-money licenses.

Ever since their public launch in April 2020, NBX has been working in the direction of changing into a most popular digital belongings companies supplier in Nordics. Since then, the product has attracted over 7000 shoppers, together with institutional accounts, which, in flip, allowed them to develop their buying and selling quantity as much as 20 million NOK by November. In doing so, they had been in a position to have interaction main Norwegian traders and efficiently shut their most up-to-date, 60 million NOK placement, which can assist them to realize our final purpose of changing into a digital asset financial institution, additional down the road.

On the non-public placement, NBX’s Co-Founder and CEO, Stig Aleksander Kjos-Mathisen mentioned: “I’m more than happy that NBX has efficiently raised 60 million NOK in a non-public placement. This funding will present NBX with the monetary robustness to pursue a banking license, and grow to be certainly one of Europe’s first digital belongings banks, whereas concurrently increasing our companies to new nations and establishing NBX as the popular digital asset service supplier within the Nordics.” All in all, on the way in which in the direction of these objectives, NBX is at the moment centered on cementing additional relationships with institutional shoppers who’re contemplating cryptocurrencies as a digital gold and rising pattern in wealth administration.  



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