Norwegian Block Exchange AS (NBX) is withdrawing from bank-related discussions with Globitex Holding, and will pursue its ambitions for a banking license independently or through alternative partnerships.
This is the result of a strategic review and evaluation conducted by the Board of Directors of NBX.
In the absence of cooperation between the two parties, NBX CEO Stig Kjos‑Mathisen (pictured) will step down from the Globitex board of directors.
“After careful consideration and constructive discussions with Globitex, our Board of Directors has concluded that NBX is well positioned to realize our digital banking vision for digital assets through an independent approach,” said NBX Chairman, Nils Sundling. “This decision reflects our confidence in NBX's capacity and market position.”
The original discussions with Globitex were about establishing a combined entity that would seek a banking license and operate as a digital asset bank. Through this evaluation, the NBX Board of Directors identified opportunities for the Company to accelerate its strategic objectives while retaining greater operational flexibility.
NBX values the collaborative and professional dialogue with Globitex throughout the process, and looks forward to continuing to explore commercial partnerships that could benefit both organizations and their customers, regardless of a transaction.
