COINSILIUM GROUP LIMITED
("Coinsilium" or the
"Company")
Coinsilium Group Limited:
Greengage Announces
Collaboration with Coinbase to Boost SME Financing with Blockchain
Technology
London, UK, 5 July 2024 -
Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the
Web3 investor, advisor, and venture builder is pleased to report
that investment portfolio company Greenage Global Holding
(“Greengage”) has released a press release announcing
news of its collaboration with global cryptocurrency
exchange Coinbase to
originate SME debt on the Coinbase Diamond Protocol.
This collaboration seeks to utilise blockchain technology to
provide SMEs with access to capital, promising a more efficient and
transparent financing solution. The Coinbase Diamond protocol
enhances the issuance and management of private capital.
Using blockchain technology, the protocol issues
native digital debt, making the process more secure and accessible
to a broader range of investors.
Greengage CEO Greengage CEO Sean Keirnan
commented: "We are thrilled
to partner with Coinbase on this groundbreaking initiative. By
originating SME debt on the Coinbase Diamond protocol, we are not
only enhancing our ability to support small and medium enterprises
but also pioneering new financial innovations that will drive
growth and sustainability in this critical sector."
The full press release can be seen here:
https://www.greengage.co/our-thinking/media/C4A9641D-7864-8AE9-FB8B-8F2FC96A02D9
The Financial Magnates website has also published an article
covering the Coinbase partnership which can be seen
here:
https://www.financemagnates.com/cryptocurrency/coinbase-and-greengage-team-up-to-boost-sme-financing-with-blockchain-technology/
Coinsilium Investment in
Greengage
Coinsilium holds a total of 27,133 A Shares in Greengage and
a total number of 8,370 Greengage warrants to subscribe to
Greengage shares at a valuation of GBP36m valid for two years from
date of issuance. The Carrying Value of Coinsium’s
investment in Greengage in GBP as at 31 December 2023: £652,537
(2022: £501,530).
The Directors of Coinsilium Group Limited take responsibility
for this announcement.
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Coinsilium Group
Limited
Malcolm Palle, Executive
Chairman
Eddy Travia, Chief
Executive
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+350 2000 8223
+44 (0) 7785 381 089
www.coinsilium.com
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Peterhouse Capital
Limited
(Aquis Growth Market Corporate
Adviser
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+44 (0) 207 469 0930
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SI Capital Limited
Nick
Emerson
(Broker)
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+44 (0) 1483 413 500
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Notes to Editors
About
Coinsilium
Coinsilium is an investor, advisor and venture builder at the
forefront of Web3 convergence. The Company invests in and
accelerates Web3 and AI powered technology start-ups whilst
supporting their development and commercialisation.
Coinsilium also provides strategic advisory services to
start-ups looking to issue tokens through token generation events.
Coinsilium’s wholly owned subsidiary Coinsilium (Gibraltar) Limited
is the Company’s operational hub in Gibraltar.
In 2015, Coinsilium became the first blockchain company to
IPO. Coinsilium shares are traded on the Aquis Growth Market in
London, under the ticker symbol "COIN", and on the OTCQB Venture
Market in the United States under the ticker symbol
"CINGF".
About Greengage
Greengage is a digital finance pioneer providing a platform
of relationship-based e-money account services to SMEs, high net
worth individuals, and digital asset firms.