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