Coinsilium on a growth trajectory in crypto and blockchain space
- Coinsilium sees key milestone as Nifty Labs launches NFT minter
- Coinsilium Group wraps up investment deal with Greengage Global
Quick facts: Coinsilium Group Ltd
Price: 8.15 GBX
Market Cap: -
About the company
Coinsilium is a focused Blockchain Open Finance and Crypto Finance venture builder and was the first ever blockchain company to list on a stock exchange in 2015. Coinsilium has a Singapore-based joint venture with IOV Labs, a global blockchain protocol company.
How it is doing
The minter, which creates NFT assets, is a core component of Nifty Labs’ NFT Marketplace which continues to be developed. Its first NFT creation is a portrait of Diego Gutiérrez Zaldivar, chief executive of IOV Labs, to mark his induction in the Crypto Hall of Fame, in June 2021.
"We are very pleased to see the progress in what is Nifty Labs' first major undertaking,” said Eddy Travia, Coinsilium chief executive.
“The deployment of the NFT Minter on the RSK mainnet, alongside its first minting, is a key milestone in the development of the marketplace.
Through the Seedcoin subsidiary, Coinsilium invested £200,000 via convertible notes and acquired £300,000 of Greengage shares, with the equity deal valuing the investee at £27.3mln.
What management says
Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) co-founder and chair Malcolm Palle and Greengage Global Holding Ltd founder and CEO Sean Kiernan joined Proactive's Stephen Gunnion with news that Coinsilium has completed its deal to invest in Greengage.
Palle and Kiernan telling Proactive that the two companies plan to work closely together to explore opportunities to develop regulatory compliant decentralised finance (De-Fi) commercial products and solutions.
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