Coinsilium Group Limited, a blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is launching a private fund to hold the the digital assets and tokens the Company has received to date in relation to its advisory services and investment activities.
The new fund, which will be 100 per cent owned by Coinsilium, will be established in Gibraltar which has just launched its Distributed Ledger Technology (DLT) Regulatory Framework. The Company is being advised by Gibraltar blockchain specialist law firm ISOLAS on the formation and structure of the fund.
The second half of 2017 was a most active period for Coinsilium’s ‘Token Economy’ related investment activities and advisory services division and the Company has now firmly established a strong industry reputation for supporting some notably successful Token Generation Events (TGE’s) such as ICON Foundation which collected ETH 150,000 as announced on 17 September 2017 and HDAC Technology AG which announced a combined pre-sale and TGE of USD258 million (in bitcoin equivalent at TGE completion day’s rate) on 22 December 2017. Among the token sales planned in 2018, Dether Limited has reached its minimum cap during its private pre-sale which ended on 23 December 2017, with ETH 3,956 of tokens sold. Dether’s TGE is planned for 7 February 2018. Dether credits its successful private pre-sale to the exposure and profile it received during a worldwide tour which included the StartupToken Asia Tour in October 2017. Coinsilium recently acquired 30 per cent of StartupToken Limited as announced on 29 November 2017. StartupToken is also an advisor to Dether.
The Gibraltar Blockchain Exchange (‘GBX’), advised by Coinsilium, will also launch its token sale on 7 February 2018. GBX, a subsidiary of the Gibraltar Stock Exchange, has announced the sale of USD21 million worth of Rock Tokens (‘RKT’) until now and aims to be the world’s first regulated institutional grade exchange to support token sales.
Coinsilium’s advisory client MedicalChain, a platform using blockchain technology to securely store and share electronic health records, announced on 22 January 2018 that USD20m worth of MedTokens had been sold during the pre-sale period. The MedicalChain TGE is planned for 1 February 2018.
Coinsilium’s CEO, Eddy Travia (pictured), says: “Coinsilium’s Advisory Services division now forms an important component in Coinsilium’s business strategy and the establishment of the private fund in Gibraltar is a natural progression for our business. We look forward to updating investors on progress on the establishment of the fund and future developments in relation to our advisory services.”