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.
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.
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