viewCoinsilium Group Limited

Coinsilium inks agreement to promote RSK network in Southeast Asia

The agreement with StartupToken and IOV Labs will establish an RSK adoption hub in Singapore focused on developing blockchain technology will local businesses

RSK is a smart contract network secured by the Bitcoin blockchain

Coinsilium Group Limited (LON:COIN) has signed a strategic advisory agreement to promote adoption of the RSK Smart Contract Network in Singapore and Southeast Asia.

The blockchain investment and advisory group said the agreement with hyper accelerator StartupToken, in which it holds a 27.8% stake, and RSK development firm IOV Labs will involve the establishment and ongoing support of a recently announced RSK adoption hub in Singapore, which will focus on developing blockchain technology applications in collaboration with local businesses and start-up projects.

READ: Coinsilium says it is entering “highly productive period” as crypto market recovers

Coinsilium and StartupToken will provide advice on an investment and commercial development strategy for the region, while IOV’s head of business development, Henry Sraigman, will manage the new Singapore office from the Autumn.

Eddy Travia, Coinsilium’s chief executive, said they were confident that the RSK network would “quickly gain traction” across the region as businesses explored how to use blockchain technology to solve “real-world problems”.

“Singapore's role as an emerging blockchain hub in Asia is well known, hosting many of the leading blockchain companies in the space…We look forward to providing further updates to the market in due course", he added.

In early trading, Coinsilium shares were trading at around 3.8p on the NEX exchange.

--Adds share price--

Quick facts: Coinsilium Group Limited

Price: 2.45 GBX

Market: AQSE
Market Cap: -

Add related topics to MyProactive

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


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 Group Limited named herein, including the promotion by the Company of Coinsilium Group Limited in any Content on the Site, the...



Coinsilium: ''Move towards virtual communication is generator of new...

Coinsilium PLC's (LON:COIN) Eddy Travia updates Proactive London's Andrew Scott on how they're tackling the current uncertainty brought about by the recent virus outbreak and how he feels the increased reliance on electronic forms of communication and payments will be the generator of new...

on 9/4/20

2 min read