Hilbert Group Moves Toward Full Acquisition of Crypto Bank Nordark in Strategic Deal

Crypto Banking Integration Gains Momentum with $2.5B Loan Demand and Boardroom Shakeup

Hilbert Group AB, a Nasdaq-listed firm focused on crypto asset management and Web3 investments, has secured an exclusive option to acquire 100% of Nordfinex Holding AB, the parent company of the Nordic-based crypto banking platform Nordark. Under the agreement, Hilbert has already purchased a 5% stake in Nordark and holds a call option to acquire the remaining 95%, exercisable at its discretion until August 31, 2025. The potential acquisition, if finalized, would be settled through newly issued Hilbert shares at a fixed exchange ratio, enabling Hilbert to fully consolidate Nordark within its corporate structure.

The move aligns with Hilbert’s ongoing strategy to expand its footprint in the digital finance sector, particularly in the growing field of institutional-grade crypto banking. CEO Barnali Biswal highlighted Nordark’s strong fundamentals, citing a lean operational model and a broad client pipeline that includes exchanges, brokers, DeFi protocols, and stablecoin issuers. She emphasized the potential synergies in areas like overcollateralized lending and revenue-generating services such as OTC trading and banking fees, describing them as “tremendous revenue potential.”

Founded in 2023, Nordark has quickly carved out a significant presence in Europe’s crypto banking landscape. Its platform offers integrated fiat and crypto services, including USD, EUR, and GBP accounts with instant settlement capabilities, real-time trading from dedicated accounts, and secure crypto-backed loans. Since launching its lending product suite, the company has seen over $2.5 billion in demand for its overcollateralized loan offerings, reflecting growing institutional appetite for compliant, transparent financial products in the digital asset space.

Joining the strategic transaction is John Lilic, Nordark’s largest external investor and a recognized figure in Web3 infrastructure. Lilic, who will now serve as an advisor to Hilbert’s board, brings a track record of early-stage investments in prominent projects such as Polygon, MetaMask, and Infura. He praised Nordark for its disciplined approach to compliance and revenue sustainability, adding that Hilbert’s public listing and long-term digital asset strategy make the potential integration a uniquely transparent and regulated opportunity.

Nordark’s leadership, including CEO and co-founder Jonathan Granath, sees the partnership as an accelerant for its mission to deliver secure crypto banking services to a wider European institutional base. The deal represents more than a merger—it signals an increasing convergence between traditional finance structures and emerging crypto infrastructure, as platforms like Nordark seek to reshape how banking operates in a blockchain-native environment.

This article has been refined and enhanced by ChatGPT.