Norwegian Block Exchange (NBX) Signs Letter of Intent with Aprikos Venture to Explore Regulated Digital Asset Exchange in Pakistan

[OSLO, NORWAY] — Norwegian Block Exchange AS (NBX), the publicly listed Norwegian digital asset exchange, today announced the signing of a Letter of Intent (LOI) with Aprikos Venture AS, a Norwegian venture-building firm. The agreement outlines a strategic cooperation to jointly explore the establishment of a regulated digital asset exchange in Pakistan.

The initiative follows the recent formation of the Pakistan Virtual Assets Regulatory Authority (PVARA), which has created a formal framework for licensing and overseeing digital asset service providers in the country. The cooperation aims to position NBX and Aprikos Venture as early entrants in one of the world's largest and most dynamic digital asset markets.

“Pakistan represents a significant opportunity for regulated digital assets, with high adoption rates and a clear need for secure, compliant financial infrastructure,” said Stig Kjos-Mathisen, CEO of Norwegian Block Exchange. “This strategic cooperation with Aprikos Venture allows us to combine our robust, regulator-approved exchange technology with a partner that possesses deep local market expertise. We believe our established record of compliance and transparency in Norway provides a strong foundation for building trust with both users and regulators in Pakistan.”

Under the terms of the LOI, the parties intend to form a 50/50 joint venture. NBX will contribute its exchange technology stack, trading infrastructure, and governance frameworks. Aprikos Venture will be responsible for establishing the local corporate structure, leading regulatory dialogue with PVARA, and managing in-country operations. “With a population of over 240 million and a clear demand for accessible digital financial services, Pakistan is at a pivotal moment,” said Jamil Rehman, Chairman of Aprikos Venture. “Partnering with a respected, regulated entity like NBX is crucial. Together, we can introduce a platform that is not only technologically advanced but also built on principles of trust and regulatory adherence, which is essential for long-term success and for serving the Pakistani market effectively.” The establishment of the joint venture and the subsequent operations are subject to the negotiation of definitive agreements and the receipt of necessary regulatory approvals in Pakistan. About Norwegian Block Exchange (NBX) Norwegian Block Exchange (NBX) is a regulated cryptocurrency exchange and digital asset custodian based in Oslo. NBX holds an Electronic Money Institution (EMI) license and is registered with the Financial Supervisory Authority of Norway. The company issued the world's first credit card with Bitcoin cashback. NBX was founded in 2018 by Bjørn Kjos, the founder of Norwegian Air and Bank Norwegian. About Aprikos Venture AS Aprikos Venture AS is a Norwegian venture firm focused on building and scaling companies within the fintech and healthtech sectors. The firm combines technology development with strategic cross-border execution and has developed blockchain-based initiatives, including the pioneering Venturetoken (Vt) digital rewards ecosystem. Contact Stig Kjos-Mathisen, CEO Norwegian Block Exchange AS Email:stig.aleksander.kjos-mathisen@nbx.com

Jamil Rehman Jamil@aprikosventure.com