Norwegian Block Exchange (NBX) completed a NOK 60m (€5.84m) private equity placement from Pareto Securities, a leading investment bank in the Nordics.
This capital burst will help the FinTech to develop its cryptocurrency exchange, custodian and payment systems and new products related to digital assets and e-money banking.
The company offers a cryptocurrency exchange, custodian and payments system.
NBX has the goal of becoming a digital asset bank. To achieve this, the FinTech is focusing on institutional clients and investors that wish to diversify into alternative asset classes and ‘digital gold’.
Since it launched in April 2020, the company has attracted more than 7,000 customers, including large institutional investors. The company aims to become the preferred provider of digital asset services in the Nordic region.
NBX co-founder and CEO Stig Aleksander Kjos-Mathisen said, “I am elated that NBX has managed 60 million kroner in a private placement.
“This funding will provide NBX with the financial resilience needed to pursue a banking license, thus becoming one of Europe’s first digital asset banks, while expanding our services to new countries and establishing NBX as the preferred provider of digital asset services in the Nordics.”
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