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Coinsilium focused on growth opportunities after crypto shake-up

Last updated: 10:59 15 Mar 2024 GMT, First published: 09:54 11 Sep 2023 BST

Snapshot

  • Coinsilium sees boost to web3 social media platform and advertising venture
  • Coinsilium and LC Lite forge strategic partnership to revolutionize trade finance
Blockchain technology

About the company

Coinsilium Group Ltd is a Web3 investor, advisor and venture builder based in Gibraltar, a pre-eminent global regulatory jurisdiction and a leading hub for innovative financial technology.

In 2015, Coinsilium became the first blockchain company to IPO.

The company has evolved to develop revenue-generating strategic advisory services and is a highly regarded innovator with proven technological and commercial expertise and development capabilities in the NFT arena and also within Open Finance.

How it is doing

15 Mar 2024

Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF) chief executive Eddy Travia has told investors the company is delighted to see the progress being made in the development of the Byzant Web3 Ecosystem applications.

It comes as the company provided an update on the Byzant Web3 social media platform and Adbazaar, a smart-contract-powered advertising network, which are being co-developed by Indorse (10.156% owned by Coinsilium).

The first phase of the Byzant social media application development has been achieved, with a private alpha version is now running in test mode, meanwhile, it announced the inclusion of established crypto advertising networks A-ADS has now been added to the Byzant Collaboration. 

“One cannot overestimate the role advertising plays as a revenue driver in developing the Web2 social media industry,” Eddy Travia said in a statement.

08 Mar 2024

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) told investors it has raised £472,500 via a placing of shares, supported by directors.

Chief executive Eddy Travia and executive chair Malcolm Palle both bought shares (worth £40,000 in aggregate) through the placing, which saw a total of 18.9 million new shares issued to investors at a price of 2.5p each.

20 Feb 2024

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF), the Web3 advisor, venture builder and investor, has signed an agreement with global trade exchange platform LC Lite to provide strategic advisory services for its forthcoming token launch.

LC Lite was recently acquired by Incomlend, a regulated global invoice finance marketplace for SMEs with licences to operate in Singapore and in Hong Kong.

What management says

21 Feb 2024

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) CEO Eddy Travia and LC Lite CEO Jean-Charles (JC) Devin join Proactive's Stephen Gunnion with details of an agreement between the two companies.

Founded in 2018, LC Lite specializes in trade finance through permission tokens on a private blockchain, aiming to create a new ecosystem within the trade finance industry by digitizing receivable financing.

Travia told Proactive that Coinsilium will provide LC Lite with strategic advisory services ahead of an upcoming token launch, marking an interest in the intersection between digital assets and the real-world economy. This partnership focuses on the tokenization of real-world assets, a promising sector in the Web3 space. Coinsilium aims to leverage its network in the crypto market to assist LC Lite with its token model and tokenomics, particularly in decentralizing the space around real-world assets.

Coinsilium and LC Lite forge strategic partnership to revolutionize trade...

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) CEO Eddy Travia and LC Lite CEO Jean-Charles (JC) Devin join Proactive's Stephen Gunnion with details of an agreement between the two companies. Founded in 2018, LC Lite specializes in trade finance through permission tokens on a private...

3 weeks, 6 days ago