Norwegian Block Exchange AS

Regulatory Filings • Sep 28, 2022

Norges Bank (the Central bank of Norway) has chosen Norwegian Block Exchange (NBX) for a new phase of its experimental test of CBDC development

Norges Bank (the Central bank of Norway) has chosen Norwegian Block Exchange (NBX) for a new phase of its experimental test of CBDC development

Norwegian Block Exchange (NBX), the first publicly listed crypto exchange in the Nordics, has on September 28th been selected by the Norwegian Central Bank (Norges Bank) for the next phase of its CBDC development. NBX was chosen after a competitive tender process, confirming NBX’s position as a global leader in the blockchain/DLT space.

The tender consisted of three separate development areas and is a continuation of the sandbox project performed by Nahmii earlier this year. More information on the project can be found here:

https://www.norges-bank.no/bankplassen/arkiv/2022/eksperimentell-testing-av-digitale-sentralbankpenger/

Norges Bank plan to involve NBX in a number of projects like cross-border payment of retail CBDC, research and test of ways to solve KYC/AML/CTF (know Your Customer, Anti Money Laundering and Counter Terror Finance) issues for retail CBDC, and test of enabling NOK CBDC to be used in eco-systems outside our primary domestic sandbox network.

Norges Bank emphasizes that it has not decided to issue CBDC in production, this is only an experimental test of retail CBDC. The technical sandbox where Norges Bank can issue, redeem, burn and distribute to private banks retail CBDC was up and running in May 2022. Now the focus is on different user cases in the sandbox. This experimental test phase is planned to end by the summer of 2023, with a public report.

Winning such a comprehensive tender offer goes a long way to cement our position as the leading crypto player in the Nordics, and brings us a significant step closer to bridging the gap between traditional finance and crypto says CEO of NBX, Stig Aleksander Kjos-Mathisen

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This stock exchange announcement was published by Torstein Thinn, CFO of NBX, on the time and date set above.

Contact persons:

Stig Kjos-Mathisen - CEO

Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 932 87 574

About NBX: Truly Norwegian cryptocurrency exchange and custodian. Based in Oslo and

registered with the Financial Supervisory Authority of Norway. NBX offers

everyone easy and secure access to cryptocurrency, focusing on the Nordic

markets, but open for customers globally.