As a company, Coinsilium is exceptionally well positioned with a robust financial model and an ability to leverage shareholder returns at an exciting time in the blockchain industry
Coinsilium CEO Eddy Travia
What Coinsilium does
The company also provides advisory services for firms planning token generation events.
- In its half-year results, the company hailed a recovery and “rapid maturation” of the cryptocurrency and blockchain industry as it looked to expand its advisory services arm
- In November, it signed a memorandum of understanding (MoU) with tech firm Devmons Management with plans to launch a blockchain software and smart contract development studio in Gibraltar
- Indorse, a company in which Consilium holds a 10% stake, has received a US$6.5mln investment from the Times Group, India’s largest media house
- In July, Coinsilium landed a new advisory client Jur AG, a new blockchain-based decentralised legal ecosystem, to assist with the company’s fundraising and global development
Interview – executive chairman Malcolm Palle
How it’s doing
For the six months ended 30 June 2019, Coinsilium reported a profit from continuing operations of £237,787, down from £554,605 in the prior year, while revenues fell to £108,967 from £1.3mln as a result of fees generated from token advisory services.
“Despite less than favourable market conditions for the first half of this period, it was pleasing to see that by the close, a sector-wide recovery was well underway, with the industry also regaining much of its previous momentum”, Palle said.
“Across the company's investing, venture building and advisory services divisions, we look forward to the future with confidence”, he added.
Looking to the rest of 2019, Coinsilium said one of its key priorities would be “demonstrate to the market the quality and potential” of its portfolio firms, as well as diversifying its interests in the blockchain sector.
Eddy Travia, chief executive of Coinsilium, said: "As the blockchain industry matures, it is starting to attract an increasing number of well-funded institutions and Coinsilium's track record of identifying high quality early stage opportunities is well known in the industry.
“As a company, Coinsilium is exceptionally well positioned with a robust financial model and an ability to leverage shareholder returns at an exciting time in the blockchain industry. However, we recognise the challenge that the market has in valuing early stage blockchain-based companies, particularly as there are so few benchmarks. That said, the sector has seen some remarkable valuation uplifts in relatively short timescales as companies have proven their viability. Therefore, we will work to ensure that Coinsilium's market valuation better reflects the value of our current business and its future potential in 2019”, he added.
As of 27 September 2019, Coinsilium shares trade at around 3.2p on the NEX exchange, giving it a market cap of £4mln.