Norwegian Block Exchange Adds Bitcoin to Balance Sheet, Aims to Become Digital Asset Bank

Strategic BTC Allocation to Power Innovation

NBX announced that it has secured an initial 6.0 BTC as part of its strategy to integrate Bitcoin into its core operations and expand its financial services offerings. The company plans to increase this holding to approximately 10 BTC by the end of June, positioning it as a proof-of-concept for long-term treasury integration.

The move comes in line with NBX’s broader ambition to become a full-fledged digital asset bank, offering yield-generating products and Bitcoin-backed financial services. The Bitcoin was loaned by major shareholders and will be used as collateral to issue USDM, the only MiCA-compliant stablecoin on the Cardano blockchain, for which NBX is the exclusive European issuer.

Expanding the Bitcoin Ecosystem

NBX previously made headlines by launching the world’s first credit card offering BTC cashback, having already distributed 3.78 BTC to users. With a strong foothold in crypto-native services, NBX now plans to use its BTC holdings to:

Generate Bitcoin yield for retail and institutional clients Support issuance of USDM, leveraging the Cardano ecosystem Provide Bitcoin-backed loans, expanding its product suite Enhance capital efficiency and attract institutional investment

The company emphasizes that it will not sell or short the Bitcoin, preserving its role as a long-term reserve and yield-generating asset.

Targeting Institutions and Capital Markets

By holding Bitcoin on its balance sheet, NBX aims to appeal to hedge funds, HNIs, and family offices that seek BTC exposure through regulated, publicly listed Nordic companies. Discussions with capital partners are ongoing, and NBX has confirmed that participation in new Bitcoin acquisition rounds remains open.

Upcoming Bitcoin Treasury Event

NBX will host a Bitcoin Treasury Event on June 11, inviting institutional partners, investors, and industry stakeholders to discuss the role of Bitcoin in corporate finance and explore opportunities within the Cardano–USDM–BTC triangle.

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