NBX to Pursue Independent Path to Banking License, Withdrawing From Discussions with Globitex Holding

08 Dec 2025 11:45 CET

Oslo, 8 December 2025 – Norwegian Block Exchange AS (NBX), a leading Nordic
crypto service provider, announces a strategic decision to pursue its banking
license ambitions independently, following a thorough evaluation of partnership
opportunities with Globitex Holding.

Following discussions referenced in the stock exchange notice of 16 April 2025,
NBX's Board of Directors has completed its strategic review and determined that
pursuing a banking license independently, or through alternative partnerships,
represents the optimal path forward for creating shareholder value.

"After careful consideration and productive discussions with Globitex, our Board
has concluded that NBX is well-positioned to achieve our digital asset banking
vision through an independent approach," said Nils Sundling, chairperson of NBX.
"This decision reflects our confidence in NBX's capabilities and market
position."

The original discussions explored establishing a combined entity to apply for a
banking license and operate as a digital asset bank. Through this evaluation
process, the Board identified opportunities for NBX to accelerate its strategic
objectives while maintaining greater operational flexibility. Stig Kjos-Mathisen
will exit the board of Globitex Holding.

NBX values the collaborative and professional dialogue with Globitex throughout
this process and looks forward to continue exploring commercial partnerships
that could benefit both organizations and their customers independently of a
deal.

Contact:
Stig Kjos-Mathisen
CEO, NBX
E-post: stig.aleksander.kjos-mathisen@nbx.com

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