Roxe Holding, a payments blockchain company, has entered into a definitive merger agreement with SPAC Goldenstone Acquisition Limited. The preliminary valuation of the combined entity is approximately $3.6 billion.
As a result, the company will begin trading on Nasdaq under the ticker ROXE. The merger still requires approval from Goldenstone’s shareholders and regulators.
“This is an important milestone for Roxe. The merger with Goldenstone will expand our ability to accelerate growth and give users the ability to optimize payments, financial transactions and the exchange of value worldwide,” said Josh Li, Chief Commercial Officer.
Roxe offers customers payment rails that support multiple assets, including fiat, gift cards, gaming tokens, equities, cryptocurrencies and CBDCs. The company uses its own Roxe Chain blockchain.
Among the firm’s partners are ECS Fin, Axletree Solutions, Nium, N2Xpress, Fairexpay, Rana Express, iPay and Treviso. The collaboration enables Roxe to provide B2C and B2B payment services in more than 100 countries.
Earlier in January, the mining company Core Scientific went public on Nasdaq via a deal with SPAC Power & Digital Infrastructure Acquisition Corp.
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