Coinsilium begins trading on ISDX Coinsilium, the early stage blockchain investment company, begins share trading on the ICAP Securities and Derivatives Exchange (ISDX) Growth Market in London this morning (24 December).
Coinsilium, using the ticker "COIN", becomes the world’s first blockchain technology focused company to be admitted to trading on an exchange regulated market. Some 10,000,000 new ordinary shares issued at 10p per share raised £1m in gross proceeds, said the company in a statement. Upon Admission, Coinsilium has 69,793,500 Ordinary Shares on issue representing a market capitalisation of £6.98m.
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Coinsilium, which was formed in early 2014, has built up a portfolio of interests in eleven blockchain fintech related companies. Current investments by Coinsilium include: SatoshiPay, a nano-payment gateway for online content; blockchain technology and bitcoin trading platform, Magnr; Fuzo, a digital wallet and financial services provider for the world’s unbanked; Factom, a blockchain enabled data management system; Rivetz, a security application developer; blockchain API provider, Neuroware; and cryptocurrency payment gateway and analytics provider, CoinSimple.
As well as providing investors exposure to a range disruptive technologies, Coinsilium also provides corporate advisory, technical consulting and CPD accredited training and educational services in relation to blockchain technology. The company is set to launch its accelerator program for blockchain tech start-ups "Block Chain Space" in Europe in February 2016.
Cameron Parry, Coinsilium’s executive chairman, said: "We are delighted to be the world’s first IPO of a blockchain technology company and the first to offer retail investors the opportunity to gain exposure to a diverse group of these potentially disruptive technologies and to this fast growing sector.
"This is not only a significant step for the company but also for the blockchain industry in general. The UK has been a welcoming jurisdiction to date for fintech and the evolution that blockchain technology represents […]
