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.
How it's doing
Coinsilium reported a sharp reduction in its full-year losses alongside gains on its financial assets.
The blockchain investment and advisory firm reported a pre-tax loss in 2019 of £259,000, down from £982,000 in the prior year, while it also delivered a net fair value gain on its financial assets of £573,000 compared to a £189,000 loss in 2018.
In July, the group said it was undertaking a strategic review of its business to capitalise on “substantial opportunities in the burgeoning decentralised finance (DeFi) and crypto finance sector” and realign itself to participate in its recently launched IOV joint venture in Singapore.
The crypto investment and advisory group noted that the global crypto finance market is showing “strong month-on-month growth”, with active collateral on DeFi platforms now over US$2.1bn.
Coinsilium said that it is currently working on several decentralised finance (DeFi) models following a decision to pivot towards the technology during a strategic review earlier in 2020, and is aiming to launch “substantial commercial solutions either independently or through its partner network”.
“Given the current pace of growth in the sector the company believes that such solutions have the potential to generate meaningful revenue streams for Coinsilium”, the firm added.
The company also said it is in early-stage discussions with certain interested parties regarding a potential “value accretive transaction”, adding that it believed the portfolio of its investment holding company, Seedcoin, “holds materially greater value than is currently recognised by the market”.
What the boss says: chief executive Eddy Travia
"We have been closely monitoring the growth of DeFi and crypto finance for some time and it is clear to us that the sector is still in its very early stages; with massive inflows of capital anticipated into these platforms and financial products over the next few years.
"We see the convergence of negative interest rates, the aftermath of economic crises, the emergence of central bank digital currencies and the overall political instability as a catalyst for institutional and individual investors' interest in crypto finance, given the significant returns achievable and the fluidity of these financial products”,