OSLO, NORWAY - August 20, 2025 - Norwegian Block Exchange AS (NBX), a leading
Nordic crypto service provider and first Norwegian listed active Bitcoin
treasury company, has obtained TAO to hold on its balance sheet. 

Being the first publicly listed active Bitcoin treasury company in Norway has
been a strategic enabler and the proof-of-concept is generating revenue for the
company that will increase in the second half of the year. Consequently, the
company announced today that is has obtained 1000 TAO from associated owners and
board members Vegard Kristiansen and Ingvild Kjerkol (Per Øyan AS). The TAO will
improve NBX' operations within the Bittensor ecosystem and provide income.  

NBX is already custodian and main trader for several hedge funds that operates
in the digital asset space. Some has recently approached NBX to buy and hold TAO
on our insured and secured OTC / custodian platform, in addition to the native
Alpha tokens associated with the subnets operating within the Bittensor
ecosystem. NBX is in the process of facilitating the first purchase of alpha
tokens for these funds and will be a trusted, secure, efficient low-cost entry
into various subnets. Being a publicly listed Norwegian company with an E-money
licence, NBX can provide a regulatory safe on-ramp and off-ramp for subnets that
leverages decentralised AI to solve real-world issues such as inference and
weather prediction. Subnets and institutions are encouraged to reach out to
participate in the proof-of-concept. 

The company is dedicated to evaluating these initiatives in a responsible
manner. As decentralised AI evolves into a more social and desirable alternative
to centralised AI, institutions will follow in allocating to TAO and Alpha
tokens. A listed, secure and regulated custodian is essential. NBX operates in
all countries not on a sanction list. 

About Norwegian Block Exchange (NBX) Founded in 2018, Norwegian Block Exchange
(NBX) is a trusted cryptocurrency exchange serving the Nordic market. Licensed
and regulated in Norway, NBX offers secure trading of digital assets, custody
solutions, and blockchain technology services for retail and institutional
clients. NBX is committed to providing a compliant trading environment with
robust security measures and transparent operations. The company issued the
first credit card in the world with BTC cashback. 

Contact persons: 
Stig Kjos-Mathisen, CEO: stig.aleksander.kjos-mathisen@nbx.com,+47 932 87 572
Nicolai Lunde CFO. Nicolai.lunde@nbx.com.