Norwegian Block Exchange (NBX) secures $7.1M investment

Norwegian Block Commerce, a Norwegian cryptocurrency commerce founded by Bjørn Kjos, who additionally founded Norwegian Airlines and Bank Norwegian, announced it has secured a mammoth personal funding. The funding will present NBX with financial skill to pursue a banking license, and switch into regarded as one of Europe’s first digital resources banks. NBX sees the functionality to become the one-end solution for financial companies and products in the cryptocurrency financial system.

Factual before entering 2021, the Traditional Assembly popular the completion of a 60 million NOK personal placement, for which Pareto Securities, the main funding bank in the Nordics, acted as the one real real supervisor and e book-runner. which puts NBX in a first-rate spot to proceed to construct its shopping and selling platform for cryptocurrencies and digital resources, as successfully as novel merchandise linked to banking and E-money licenses.

Ever since their public open in April 2020, NBX has been training turning accurate into a most well-liked digital resources companies and products supplier in Nordics. Since then, the product has attracted over 7000 shoppers, in conjunction with institutional accounts, which, in turn, allowed them to grow their shopping and selling volume up to 20 million NOK by November. In doing so, they had been in a spot to eradicate major Norwegian investors and efficiently shut their most most up-to-date, 60 million NOK ($7.1 million USD) placement, which can abet them to whole their last draw of turning accurate into a digital asset bank, extra down the line. 


 “I’m very fully delighted that NBX has efficiently raised 60 million NOK in a non-public placement. This funding will present NBX with the financial robustness to pursue a banking license, and switch into regarded as one of Europe’s first digital resources banks, while simultaneously expanding our companies and products to novel international locations and setting up NBX as the most well-liked digital asset carrier supplier in the Nordics.”

– NBX’s Co-Founder and CEO, Stig Aleksander Kjos-Mathisen

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