cryptocurrency

Coinsilium says it is entering “highly productive period” as crypto market recovers – Proactive Investors UK



Group Limited () is confident it is entering a “highly productive period” amid growing awareness of cryptocurrency and blockchain technology and a recovery in the digital asset markets.


The group, which advises and invests in early-stage blockchain ventures, said in a statement to be delivered at its AGM on Monday that the trend of increased awareness, mainstream recognition and growing institutional interest in blockchain and crypto was now “set to accelerate” and that activity in its business pipeline gave the firm confidence going forward.


READ: Coinsilium’s Indorse to get US$6.5mln injection from Indian media giant The Times Group


Malcolm Palle, ’s chairman, added that the company expected a “healthy pipeline” for its advisory work from East Asia, as well as “significant synergies” with StartupToken, a start-up hyper-accelerator in which it holds a 30% stake, which has established a base in Singapore, one of the world’s most active blockchain hubs.


He also said that the rapid development of some of Coinsilium’s portfolio companies meant they expected to see “material valuation uplifts” sooner than expected.


“In summary, with growing mainstream awareness and the positive industry trends we are witnessing, coupled with the increasing levels of activity within our own investment portfolio and advisory client pipeline, it gives us confidence that material uplifts in valuation can be achieved”, Palle said.


“It is not always easy for investors to appreciate the scale of the opportunity that blockchain technology presents…However, we continue to believe the rapidly growing blockchain sector offers an opportunity for companies such as Coinsilium that is at least on par with or possibly even greater than the early days of the internet which spawned the dot.com boom in the 1990’s”, he added.


In early trading on Monday, Coinsilium’s shares were at 3.9p on the NEX exchange.



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