Blockchain payments company Roxe Holding has entered into a definitive merger agreement with SPAC Goldenstone Acquisition Limited. The preliminary estimate of the combined venture is about $3.6 billion.
As a result of the transaction, the company will begin trading on the Nasdaq under the ticker ROXE. The merger has yet to be approved by Goldenstone shareholders and regulators.
“This is an important milestone for Roxe. The merger with Goldenstone will enhance our ability to accelerate growth and enable users to optimize payments, financial transactions and value exchanges around the world,” said Chief Commercial Officer Josh Lee.
Roxe offers customers payment channels that support multiple assets including fiat, gift cards, game tokens, stocks, cryptocurrencies and CBDC. The company uses its own Roxe Chain blockchain.
The firm’s partners include: ECS Fin, Axletree Solutions, Nium, N2Xpress, Fairexpay, Rana Express, iPay and Treviso. The partnership allows Roxe to provide B2C and B2B payment services in more than 100 countries.
Recall that in January, the mining company Core Scientific entered the Nasdaq through a deal with SPAC Power & Digital Infrastructure Acquisition Corp.
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