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Coinsilium celebrates momentum as blockchain industry matures

Snapshot

  • Investment and advisory firm
  • Focuses on developing early-stage blockchain companies
  • Also provides advisory services for token generation events
Blockchain technology

Quick facts: Coinsilium Group Limited

Price: 2.55 GBX

NEX:COIN
Market: NEX
Market Cap: -
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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

Coinsilium Group Limited (LON:COIN) is an investment firm that finances and manages the development of early-stage blockchain technology companies.

The company also provides advisory services for firms planning token generation events.

Inflexion points

  • 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.

Blue Sky

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.

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Watch

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

3 min read