UPDATED 04:50 EDT / JULY 16 2015

NEWS

Bitcoin Blockchain investment firm Coinsilium to raise $4.6m through August IPO

Bitcoin Blockchain investment company Coinsilium Ltd. is going public, with the company announcing an initial public offering scheduled for August.

Founded in 2014 by the founders of Bitcoin and Blockchain incubator Seedcoin, Coinsilium describes itself as an investment company that facilitates “the creation and mainstream implementation of Blockchain technology products and services from our headquarters in the global financial hub of London.”

The company invests in and supports companies that are at the forefront of Blockchain technology, as well as generating its own Blockchain-related solutions through in-house development.

“We work together to bring Blockchain technologies into global mainstream use,” the company added.

Coinsilium’s current investment portfolio includes remittance startup meXBT, data layer firm Factom, small-scale payments provider SatoshiPay, gold trading platform The Real Asset Company and security technology startup Rivetz.

“[The IPO] was not our main focus, but I think timing is right in the sense that up to now 2015 has been the year of increasing interest from Wall Street and global financial institutions into digital currencies and Blockchain technology,” Coinsilium’s Chief Executive Officer Eddy Travia said in an interview published on the Coinsilium site. “We wish to contribute to the growth of this industry while playing a major role in its development.”

Shares in the company, the first of its type to go public in the United Kingdom, will list on the AIM exchange, a sub-market of the London Stock Exchange that caters to small companies, and will be looking to raise £3 million ($4.6 million).

Blockchain riseth

As well as being a first for the United Kingdom, Coinsilium going public is representative of the growing interest in the use of the Blockchain across a variety of different uses.

From land registries through to alternative currencies, and dozens of things in-between, many startups are finding creative and, lets face it at times, downright interesting ways of using the Blockchain Bitcoin, which was launched to bring 21st century solutions to existing problems.

Coinsilium doesn’t have a huge investment platform, but the companies it has invested in do reach the width of the various types of things Blockchain-related startups are currently doing.

How it will go when it floats is speculative, but we’d suggest that its IPO will be well received by the market.


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