Norwegian Block Exchange AS

M&A Activity • Apr 22, 2025

NBX enters a strategic partnership with Globitex Holding AS (Globitex) and signs a non-binding term sheet for a share swap of 9.9% of NBX shares in return for 7.9% of Globitex shares.

NBX enters a strategic partnership with Globitex Holding AS (Globitex) and signs a non-binding term sheet for a share swap of 9.9% of NBX shares in return for 7.9% of Globitex shares.

Oslo, 22nd. April 2025 – Norwegian Block Exchange AS (NBX), a leading Nordic crypto service provider, announced a strategic partnership and share swap agreement with Globitex Holding As the holding company of UAB Nexpay and Nexdesk. The partnership will enable both companies to cross sell services and products.

The companies have entered into a non-binding agreement with the intention of completing the share swap within Q2 2025 pending necessary approvals. The share swap demonstrates commitment to further explore commercial opportunities and synergies, including a full merger. The partnership will allow NBX and Nexpay to offer a wide range of services and products as a digital asset neo bank. Globitex had revenue of MEUR 4.4 in 2024 with EBITDA of KEUR 109. NBX just published its FY2024 results. The transaction values Globitex at MEUR 8,6 and NBX at MEUR 6,7 reflecting market position and expected future developments. A combined digital asset neobank would reduce development time and costs for both as stand-alone entities. Management is committed to working towards this mutual goal and will have a similar offering to Sygnum bank and BVNK.

"Capturing new modern markets demands an all-in product line that ranges from TradiFi to sophisticated digital assets products. Through the blend of NBX's advancement on the digital assets and Nexpay's transactional banking services, the strategic partnership brings us much closer to that. Going forward, the combination of several licenses across various European jurisdictions significantly strengthens our regulatory position, ensuring safe and sound services for customers. While we are very excited to work with the NBX team on releasing that product mix in coming months, a popular proverb comes to mind ,"If you want to go fast, go alone. If you want to go far, go together" - Added CEO of Nexpay, Sofian Berrahal.

“An example of a low hanging fruit in the partnership with Nexpay, are combining their fiat payment rails with our stablecoin offering and wallet service. That will allow us to offer global payments with settlement in Euro accounts within minutes. The product palette between the companies truly bridges the gap between traditional finance and digital finance. Removing much of the friction seen in global cross border payments and finance today”. Says Stig Aleksander Kjos-Mathisen CEO of NBX.

About Globitex. As a company, Globitex believes in equal rights and fair access to the financial system. The Company has been on the forefront of creating and running businesses like Nexpay or Nexdesk, that bridge traditional and digital assets, enabling its clients to operate on both sides of the spectrum.

Point of contact:

Stig Kjos-Mathisen

CEO, NBX

stig.aleksander.kjos-mathisen@nbx.com

Sofian Berrahal

CEO, Nexpay

sofian@paynexpay.com