logo-loader
Coinsilium

Coinsilium passes milestone as annual revenues exceed £1mln for first time

Snapshot

The investment firm finances and manages the development of early-stage blockchain technology companies

Blockchain technology

Quick facts: Coinsilium

Price: £0.04

Market: NEX
Market Cap: £0.00
Follow

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

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 results for 2018, Coinsilium said it had surpassed £1mln in annual revenues for the first time in its history. The group reported revenues of £1.68mln, 187% higher than the prior year and primarily from its advisory services arm

• In early June, the company said it had clinched a deal to provide advisory services to blockchain business data platform OASISBloc in relation to an initial exchange offering (IEO). IEOs are sales of company tokens that are administered by a cryptocurrency exchange and conducted on its platform in return for a listing fee along with a share of the tokens sold during the process

• In March, Coinsilium said it had established a new entity in Gibraltar as part of its efforts to relocate to the territory. The company had previously voiced its intentions back in January to move its core operations out of London to Gibraltar in order to reduce operating costs and put more resources into its investment activity and advisory services

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 7 June 2019, Coinsilium shares trade at around 3p on the NEX exchange, giving it a market cap of £3.7mln.

CEO and Executive Chairman interview – Eddy Travia and Malcolm Palle

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Coinsilium named herein, including the promotion by the Company of Coinsilium in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

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