Oslo, 20. November 2025 – Norwegian Block Exchange AS (NBX), a leading Nordic Crypto Service Provider, announced that it acquired 50% of Flip Company AS from Autonomous Investments AS. The Flip Company AS is a Norwegian software company specializing in non-custodial wallet solutions, the Flip App has about 1 million downloads and the Flip App users will be able to access NBX services directly from the Flip App.
This follows NBX's strategy to acquire complementary products and services to its existing regulated digital asset platform. The combination creates a strong value proposition in the Nordics by combining regulated custodial services with non-custodial ease of use. Stablecoin circulation has grown more than 10X to above $220 billion in the last 5 years, and the Flip App enables an efficient and low-cost way to use stablecoins that fits alongside NBX's strategic investments in USDM and other stablecoins.
Through Flip Company's technology, users gain control over their private keys and digital assets in self-custody solutions aligned with crypto's decentralization principles leading to enhanced privacy and autonomy in addition to direct blockchain access without intermediaries.
"This partnership represents further development in our cryptocurrency services," said Stig Kjos-Mathisen CEO of Norwegian Block Exchange. "We see that it has become more and more important to reach and offer services to customers outside of the custodial role, bridging the Flip app and the NBX platform allow us to offer the best of both worlds”.
The global non-custodial wallet market is experiencing strong growth, valued at USD 3.5 billion in 2024. Meanwhile, regulatory frameworks like MiCA are creating new opportunities for compliant, user-centric crypto services.
"The future of cryptocurrency isn't about choosing between centralization and decentralization—it's about having options," added Gotfred Berntsen of The Flip App. "This partnership allows us to serve everyone".
Transaction details and Settlement Structure:
NBX will acquire 50% of Flip Company AS from Autonomous Investments AS for a consideration of MNOK 4.4. Payment via subscribing for new shares in NBX. Subscription price: VWAP of shares on Euronext Growth Oslo during 8-week period prior to Closing. Closing expected in November 2025.
Share capital increase requires NFSA approval; transaction reversible if approval denied.
Additional Share Options:
Seller receives warrants to acquire additional shares equal to the number of new shares
Exercise price: VWAP for 2-week period prior to exercise, less 30% discount (minimum: Subscription Price + 25%) Exercise period: 12 months from Closing.
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 person: Stig Kjos-Mathisen, CEO Email: stig.aleksander.kjos-mathisen@nbx.com Phone: +47 932 87 572
About Flip Company AS
Flip Company AS is a Norwegian software company providing non-custodial wallet solutions and services, supported by proprietary software products. The company enables users to maintain full control of their digital assets while accessing cryptocurrency services.
Contact person: Gotfred Berntsen, Chair of the Board. Email: gotfred@thelfip.app Phone: +46 70 536 1585