The blockchain payment company Roxe goes to the stock exchange as part of a 3.6 billion dollar fusion

The blockchain payment company Roxe goes to the stock exchange as part of a 3.6 billion dollar fusion

The blockchain-based payment company Roxe Holding announced on Tuesday that it had made an agreement on the merger with the Blankosencheck company Goldenstone Acquisition as part of an estimated combined company business worth $ 3.6 billion.

The merger will mean that Roxe becomes a listed company on the Nasdaq exchange after the shareholders of Roxe and Goldenstone.

Special Purpose Acquisition Companies (SPAC) or blank check companies are companies without commercial activities that receive an IPO to merge with private companies to bring them to the stock exchange.

A merger of this size continues to contradict a declining cryptom market and a declining interest of investors in lack of returns that generate this type of vehicles.

Goldenstone is renamed "Roxe Holding Group Inc", whereby Roxe shareholders are expected to bring 100 % of their capital into the merged company.

ROXE is a blockchain infrastructure company that is based on an approved hybrid model that supports a number of assets, including digital Fiat, digital currency of the central bank, stable coins, gift cards, play stamps, loyalty points and stocks website .

Due to the approval model, Roxe does not interact with existing cryptocurrencies such as Bitcoin or ether and instead spends his own private tokens to facilitate money transfers and transfers in 113 countries.

"Roxe is a leading blockchain-based open payment network and we firmly believe in the ... possibility of blockchain to transform payments," said Eddie Ni, CEO of Goldenstone. "We believe that adhering to a conforming, robust strategy Roxe will make a winner in this way."

The deal is to be completed in the first quarter of next year.

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The contribution blockchain payment company Roxe goes to the stock exchange with $ 3.6 billion and is not financial advice.