Norwegian Block Alternate, a Norwegian cryptocurrency trade based by Bjørn Kjos, who additionally based Norwegian Airways and Financial institution Norwegian, introduced it has secured a big personal funding. The funding will present NBX with monetary means to pursue a banking license, and develop into certainly one of Europe’s first digital property banks. NBX sees the potential to develop into the one-stop answer for monetary providers within the cryptocurrency economic system.
Simply earlier than getting into 2021, the Common Meeting authorised the completion of a 60 million NOK personal placement, for which Pareto Securities, the main funding financial institution within the Nordics, acted as the only supervisor and book-runner. which places NBX in a chief place to proceed to develop its buying and selling platform for cryptocurrencies and digital property, 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 direction of turning into a most well-liked digital property providers supplier in Nordics. Since then, the product has attracted over 7000 purchasers, 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 have been capable of have interaction main Norwegian buyers and efficiently shut their most up-to-date, 60 million NOK ($7.1 million USD) placement, which is able to assist them to attain their final objective of turning into a digital asset financial institution, additional down the road.
“I’m very 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 develop into certainly one of Europe’s first digital property banks, whereas concurrently increasing our providers to new nations and establishing NBX as the popular digital asset service supplier within the Nordics.”
– NBX’s Co-Founder and CEO, Stig Aleksander Kjos-Mathisen