Blockchain infrastructure firm Roxe secures a $3.6B SPAC deal with Goldenstone

Roxe Holding has secured a $3.6 billion SPAC deal with Goldenstone Acquisition Ltd to become a publicly-traded enterprise.
Roxe Holding has secured a $3.6 billion SPAC deal with Goldenstone Acquisition Ltd to become a publicly-traded enterprise.

Blockchain infrastructure company Roxe Holding has secured a $3.6 billion SPAC deal with Delaware corporation incorporated as a blank check company Goldenstone Acquisition Ltd to become a publicly-traded enterprise (ticker symbol “ROXE”).

Amid the ongoing adverse situation in the crypto market, Roxe Holding and Goldenstone Acquisition have joined hands to enter into a $3.6 billion deal and enter the online global marketplace as a combined entity.

Roxe and Goldenstone’s plans

As per a recent announcement by the company, the newly formed organization will operate under the initials of Roxe Holding after closing the deal. Notably, the two companies still need to be approved by financial regulators and Goldenstone stakeholders.

Roxe said that it aims to build a “global trusted community that includes everyone: individuals, banks, central banks, non-bank financial institutions, businesses, and merchants.” The Blockchain integrated technology offered by the company offers a multilateral payment channel that supports multiple kinds of assets like gaming coins, gift cards, stocks, loyalty rewards, cryptocurrencies, and CBDC. The Chief Business Officer of the company, Josh Li, stated:

“This is an important milestone for Roxe. Our merger with Goldenstone will augment our ability to accelerate our growth and empower users to streamline payments, financial transactions, and value exchange across the globe.”

On the other hand, Goldenstone CEO Eddie Ni stated that his team strongly believes in the “tremendous opportunity for blockchain to transform payments,” and it believes “Roxe’s adherence to a compliant, robust strategy will make it a winner in this track.”

Roxe Holding, which was founded three years ago, uses blockchain technology in cross-border settlements to connect banks, remittance companies, and payment organizations. ECS Fin, Axletree Solutions, Nium, N2Xpress, Fairexpay, Rana Express, iPay, and Treviso are just a few of the more than 40 global partners it has added to its payment ecosystem thus far.