Norwegian Block Exchange AS

Investor Presentation • Apr 4, 2024

Information package

THE MINT

Oslo, April 4th, 2024

Why The Mint AS ?

Business Concept Overview

The Mint, in partnership with NBX, is modernizing the gemstone market by linking high-quality Greenlandic rubies to the digital asset sphere with Asset-Backed NFTs.

This strategy introduces Greenlandic rubies to digital investors and diversifies their investment options.

The use of blockchain technology for these NFTs increases the transparency and traceability of gemstone ownership, addressing long-standing concerns in the gemstone market regarding ethical sourcing.

BCG estimate

Example of what BCG writes about the "tokenization market for traditionally illiquid assets" (NFTs on real assets).

Through tokenization, we're witnessing a paradigm shift across various domains, including Real Estate, Fine Art, Collectibles, Music, and Financial Securities. A \$16 Trillion business opportunity by 2030. BCG, September 2023

1

Why The Mint AS ?

Strategic Benefits

• Compliance and Ethics:

Mining operations for our rubies meet stringent ethical and environmental standards, fully compliant with Greenland's regulations. This commitment supports the local economy and ensures sustainable practices.

• Significant Inventory Acquisition:

Through our partnership, The Mint holds an extensive inventory of over 500,000 rubies and sapphires, specifically allocated for creating Real-World Asset (RWA) backed NFTs.

• Market Innovation:

The Mint is at the forefront of merging tangible assets with digital tradability by introducing NFTs that represent real-world gemstones, setting a new standard in asset trading and investment.

The Mint is strategically positioned to offer a transparent, ethical, and innovative investment avenue in the gemstone sector through technological integration.

Why The Mint AS is Poised for Success: The NFT Market is Booming

• The global market for tokenization is expected to double in the next three years.
• NFTs linked to real-world assets (RWAs) are emerging as a new asset class.
• Currently, NFTs sold are not considered a separate asset class.
• With the projected growth of the tokenization market and the novel introduction of real-world asset-backed NFTs, The Mint AS is strategically positioned at the forefront of this burgeoning industry. By aligning with this trend, The Mint AS is set to capitalize on the expansion of the NFT marketplace and redefine the value of digital assets.

UNIQUE FINANCING

Unique Greenland Inventory:

• Over 500,000 individual gemstones sourced from Greenland offering a unique and coveted selection to the market.

Zero-Interest Financing:

• Our inventory is fully financed through interest-free arrangements, ensuring maximal capital efficiency and immediate readiness for market engagement.

Advantageous Profit Sharing:

• A generous profit split agreement with our lenders, designed to maximize shareholder returns, with an example scenario projecting a [insert projection] return on investment.

Risk-Free Proposition for NBX:

• Structured to insulate NBX from inventory holding risks and market volatility, our financing model is designed for stability and predictability.

Unmatched Market Terms:

• Competitive analysis indicates no other market players offer terms that rival ours, setting a new industry standard for inventory financing.

Why invest in gemstones?

Rubies and sapphires are increasing in value

• Political instability, high taxation and currency devaluation, have meant that many people in parts of Asia, South America and even Europe, have long been aware of the significant role that gemstones play in conserving capital. Fine quality diamonds and colored stones have long shown themselves to be excellent long-term hedges against economic uncertainty and currency depreciation.

Rare, fine gemstones represent an excellent and highly portable repository of value. Certainly, this concept seems to be bearing itself out in the market - international collectors and investors have pushed colored diamonds and colored gemstones to record highs at each major auction since the recession in 2009.

https://www.theraregemstonecompany.com/gemology-articles/the-economics-of-gemstones

• Financial Times, January 18th, 2024: Coloured gemstones shine as consumers look beyond lab grown rivals – Rubies and emerald prices hold up but man-made rivals dull demand for diamonds https://www.ft.com/content/2290571b-08ae-4e77-bcd1-8b7099e50086

Gemfield Auctions of rough material

• The Ruby and Sapphire market is good!
• Rubies and sapphires are increasing in value

Rough Ruby Prices Soaring

Rough Ruby Prices Soaring, says Gemfields

December 07, 23 by John Jeffay

(IDEX Online) - Prices of rough rubies have more than doubled in the last two years, said Gemfields as it announced results of its latest sealed -bid auctions .

The UK -based colored gems miner achieved an average \$290 per carat earlier this month, compared to \$132 in December 2021 .

Gemfields sold all 97 lots of mixed -quality rough rubies from the Montepuez mine, in Mozambique, in a series of seven online auctions after viewings in Bangkok.

It offered and sold a total of 239,591 carats, realizing \$69.5m. The previous auction, in June, achieved \$80.4m at an average \$266 per carat on sales of 302,317 carats.

Adrian Banks, Gemfields' managing director of product & sales, said: "We've seen ruby prices at our auctions go from strength to strength in recent years and our final auction of 2023 has further endorsed that trend.

"This auction has shown that the demand and pricing for rough rubies is decidedly healthy. Gemfields' total auction revenue for 2023 stands at USD 242 million, the second highest in our history."

Small resources get a lot of attention

We have conducted two campaigns on cryptorelated publications:

First was the Valentine's campaign (February 1-15), then an Investor campaign (March 3-21)

• Total impressions: 3.85 million
• Total visits to landing pages: 9,145
• Total NOK spent: 29,000

Real world assets marketplace

• Launched February 2024
• One of Europes first RWA marketplaces

The Mint Gems
ACCESS THOUSANDS OF GEMSTONES
View all 1 Beads Faceted	Cabochon Cabochon	Diamond Cut Cut Sugarloaf			Sort by price: High-Low v
180 items	CABOCHON	CABOCHON	SUGARLOAF	CABOCHON	CABOCHON
Type く
100 Ruby
Sapphire P
Shape へ	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1
Cushion 1
Heart	Ruby Oval 25.57ct 16.6mm*14.6mm×25.57ct 89,250.00 USDC	Ruby Oval 15.56ct 15.7mm*12.7mm×15.56ct 25,500.00 USDC	Ruby Cushion 26.95ct 16.8mm*15.5mmx26.95ct 25,287.84 USDC	Sapphire Round 7.57ct 10.05mm*10.05mmx7.57ct 12,750.00 USDC	Sapphire Oval 29.45ct 19.91mm*15.1mmx29.45ct 8.410.92 USDC
ಿ Oval
83 Pear	CABOCHON	FACETED	CABOCHON	CABOCHON	CABOCHON
Round
Octagon
Beads
Long Cushion
Marquise	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1
Square	Ruby Oval 11.46ct 16.33mm*12.16mmx11.46ct	Ruby Fancy 1.45ct 8.94mm*7.68mmx1.45ct	Ruby Oval 7.65ct 12mm*9mmx7.65ct	Ruby Round 2.86ct 8mm*8mmx2.86ct	Sapphire Fancy 8.84ct 14.47mm*9.85mmx8.84ct
Other	6,120.00 USDC	5,814.00 USDC	5,304.00 USDC	4,539.00 USDC	3.774.00 USDC
Weight V	CABOCHON	CABOCHON	BEADS	CABOCHON	FACETED
Dimension >
Color > Price <
MIN PRICE MAX PRICE
	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1	IN STOCK: 1
	Ruby Round 3.82ct	Ruby Oval 4.42ct	Lot of 5 Sapphire Ovals	Ruby Oval 15.92ct	Sapphire Long Cushion
	9.05mm*9.05mmx3.82ct	10.5mm*9.4mmx4.42ct	10.74ct 8mm*6mmx10.74ct	15.3mm*12.41mmx15.92ct	2.72ct 11.43mm*6.03mmx2.72ct
	3.555.465 USDC	3.494.01 USDC	3.470.04 USDC	3.160.98 USDC	2,958.00 USDC

NEXT MILESTONE: The Capital Gemstone RWA Portfolio

Making rubies and sapphires into a Tradable, standardized, and investable asset class.

• Introducing the Capital Gemstone RWA Portfolio,
• In order to create an asset class investable near identical selected packages has been developed.
• Constituents for each ruby/sapphire commodity will be independently serialized, verified and minted
• Boxes valued at \$10,000, \$25,000, and \$50,000 respectively, containing representative selections of gemstones will be minted and offered for sale.

Capital Gemstone RWA through partner Diamond Standard:

• Introducing governance, transparency, and standardization to the Ruby asset class in cooperation with Diamond Standard of New York.
• Establishing a standard, investment grade ruby/Sapphire commodity
• Our inventory of more than 500.000 gemstones will be AI analyzed and select packages will be selected based on these findings.
• Constituents for each ruby/sapphire commodity will be independently serialized, verified and minted

Milestone II

• Starting a cooperation with Diamond Standard, potentially listing their products on NBX
• Discussions have started and the parties have met.

Milestone III

Quantum Rock

• Starting a cooperation with Quantum Rock as their secondary market
• Discussions have started.

Milestone IV

Setting up NBX II in Dubai or Abu Dhabi

• Initial contacts made
• Discussions have started.

Status marketplace activity – and next steps

Conversion of traffic to sales:

The conversion from visitors to sales is far from optimal. The next steps in the roadmap must include:

• A customer journey like this requires a detailed buyers guide, including the rationale for why a ruby is a good investment.
• The number of clicks and verifications (KYC/AML) before purchase is lengthy and comprehensive with onboarding to NBX as the first step, then transferring funds to NBX, and then purchasing USDC, which as of now is the currency you can use to trade rubies with.
• The information received on the marketplace should instill confidence and security, clearly differentiating RWA-GEMS from NFT "Monkeys".
• One/two-click purchase options; purchases with credit card, Apple/Google Pay, and generic wallets like Metamask, etc.
• KYC/AML procedures are to be harmonized and adapted to the customer profile.
• Buying guides in different main directions: a) the environmentally and ethically conscious investor b) the informed trader looking to secure/win investments c) the investor seeking a safe haven and alternative asset class d) and similar profiles.

Paramount functionality to be developed:

Updated 31/03/24
Timeline project "RWA_LEADER"		/02/2024
Tasks	Responsible	Status	Deadline
Customer journey
KYC / AML procedure new customers - smooth onboarding	NBX	needs funding	March
Exclusive club for "serious investors" - exclusivity	NBX	needs funding	March
Google/apple pay, credit card - easy check out	NBX	needs funding	March
Cart optimazation, keep items to chck out - optimal browsing	NBX	needs funding	March

Paramount marketing to be started:

Updated 31/03/24
Timeline project "RWA_LEADER"		/02/2024
Tasks	Responsible	Status	Deadline
Marketing
Big splash launch - influencers, ads, editorials, blogs, SoMe	T-M	needs funding
SEO optimazation	T-M	needs funding
Create videos with GR experts	T-M	needs funding
Continious brand activation	T-M	needs funding
Consumer campaigns - pink ribbon/christmas etc	T-M	needs funding
Investor campaigns - asset protfolio/safe haven etc	T-M	needs funding

Project tasks overview:

Updated 31/03/24
Timeline project "RWA_LEADER"		/02/2024		ਟ
				ર
Tasks	Responsible	Status	Deadline	ર
Marketplace - why invest in a ruby?
Buyer's guide for investors - rubies beat diamonds	T-M	work in progress
Buyer's guide for crypto - RWA is safer than NFTs	T-M	work in progress
Buyer's guide for consumers - design your ring here	T-M	work in progress
Buyer's guide for ESG - ethical investments, support the indigenous people T-M		work in progress
Buyer's guide for traders - rubies and sapphires wholesale	T-M	work in progress
Buyer's guide for security - white paper	NBX
Jewler designers corner - get your unique piece here	T-M
Customer journey
KYC / AML procedure new customers - smooth onboarding	NBX	needs funding	March
Exclusive club for "serious investors" - exclusivity	NBX	needs funding	March
Google/apple pay, credit card - easy check out	NBX	needs funding	March
Cart optimazation, keep items to chck out - optimal browsing	NBX	needs funding	March
Scale / Products
Bags/packs of 10k, 25k, 50k for investor asset porfolio	T-M	work in progress
With DS to target funds/investors with coins/barrs	T-M	work in progress
DS diamonds listed on NBX - increased trust in our platform	T-M	work in progress
GC X to provide access to Dubai	NBX
Other ready-set-go regulated markets in arabic region	NBX
Acquire Nordiska to access several new credit products	NBX
New verticals suited for RWA tokenization	NBX
Marketing
Big splash launch - influencers, ads, editorials, blogs, SoMe	T-M	needs funding
SEO optimazation	T-M	needs funding
Create videos with GR experts	T-M	needs funding
Continious brand activation	T-M	needs funding
Consumer campaigns - pink ribbon/christmas etc	T-M	needs funding
Investor campaigns - asset protfolio/safe haven etc	T-M	needs funding
nventory / Greenland Ruby
Acquire inventory managment system	T-M	needs funding
Consider vault relocation (tax and logistics issues)	T-M	needs funding
Detailed flowchart of inventory and cash	T-M
Harness relations with GR team, thailand and Europe	T-M
Finance
Secure financing to complete a 12 mnth project	T-M	work in progress
New investors / internal, process or ad-hoc	T-M	work in progress
Establish the fund for investments in inventory and value chain	T-M	work in progress
Maintain a sound business model and cash-flow plan	T-M	work in progress
M&A activities to boost EQ	T-M