Coinsilium Group Limited (COIN)
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium Group Limited: Greengage Investment Update
In the shareholder update Greengage advised the Company that it has taken the decision to withdraw from its
Greengage has advised its shareholders that it will continue to build upon its strengths, and existing revenue streams, to deliver its wider vision of bridging the traditional financial services space with the new digital innovations in cryptoassets and blockchain. Greengage's Board has now approved a strategy centred around revenue growth for the next 6-12 months. New areas of opportunity include pursuing an e-money licence starting initially with a white label solution. It is also planned that within 12-24 months, Greengage will lay the groundwork to make a new
Greengage CEO Sean Kiernan commented: "Greengage and the team are excited about the next steps for the business which are based on concrete goals and clear achievable milestones to continue to grow revenues for the firm. We are grateful to all of our investors and remain committed to delivering on our fiduciary responsibilities to deliver increased shareholder value."
Coinsilium CEO Eddy Travia commented: "We fully support Greengage's new strategy and pathway to growth. Given the circumstances, we trust the Greengage team has made the right, although difficult, decision in withdrawing from the
"As originally envisaged at the time of making our investment in Greengage, both Greengage and Coinsilium teams have now started collaborating strategically to explore opportunities to develop regulatory compliant Decentralised Finance (De-Fi) commercial products and solutions. Both teams remain focused on this strategic collaboration and we look forward to providing further updates to the market in a timely fashion."
The Directors of Coinsilium Group Limited take responsibility for this announcement.
Notes to Editor
Coinsilium is a focused Blockchain and Open Finance venture operator based in
Coinsilium has developed an array of commercial partnerships and joint ventures around the world to support its development capabilities, giving it access to best-in-class tech experts, a strong network, and asserting its profound industry profile. It has a 50:50 venture with IOV Labs in
Coinsilium shares are traded on the APEX segment of the AQSE Growth Market in
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