viewCoinsilium Group Limited

Coinsilium’s investee firm StartupToken receives backing from digital asset investment fund

The blockchain investment and advisory firm said Blockwater Capital had acquired a 7.4% stake in StartupToken for £192,548, valuing it at around £2.6mln

Blockchain handshake
StartupToken acts as a ‘hyper accelerator’ to help blockchain entrepreneurs grow their projects

Coinsilium Group Limited’s (LON:COIN) investee company, StartupToken, has received investment from Blockwater Capital, a leading South Korean digital asset investment fund.

The blockchain investment and advisory firm, which took a 30% stake in StartupToken in November 2017, said Blockwater had acquired a 7.4% stake in the company for £192,548, valuing it at around £2.6mln.

READ: Coinsilium raises around £367,000 to fund “high impact initiatives”

StartupToken is based in Gibraltar and acts as a ‘hyper accelerator’ to help blockchain entrepreneurs grow projects into start-ups.

Coinsilium added that given Blockwater’s investment, the implied value of its own had increased 116%. As a result, its seed capital investment had risen to £722,222 from £360,905 in November 2017.

Following the latest round of investment, Coinsilium’s equity shareholding in StartupToken now stands at 27.8%.

Eddy Travia, chief executive of Coinsilium, said the company had been “greatly impressed by the speed at which StartupToken has been able to gain a strong presence in the industry”, adding that Blockwater’s “impressive portfolio of blockchain investments” was a good addition to StartupToken’s equity holders.

In a separate announcement on Tuesday afternoon, Coinsilium said its executive chairman, Malcolm Palle, had purchased 200,000 shares in the company at a price of 3.6p each. Palle now holds around 6.35% of the company's issued share capital.

In mid-afternoon trading Tuesday, Coinsilium shares were changing hands at 3.65p.

-- Adds executive share purchase and share price -- 

Quick facts: Coinsilium Group Limited

Price: 2.05 GBX

Market: NEX
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Coinsilium Group Limited named herein, including the promotion by the Company of Coinsilium Group Limited in any Content on the Site, the...



Coinsilium's Indorse to receive up to US$6.5mln investment boost from Indian...

Coinsilium Group Limited’s (LON:COIN) Malcolm Palle discusses with Proactive London's Andrew Scott an investment of up to US$6.5mln into their portfolio company Indorse from The Times Group (TTG), India’s largest media conglomerate. Indorse is a Singapore-based firm that uses blockchain...

on 20/6/19

2 min read