Coinsilium on a growth trajectory in crypto and blockchain space

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(, ) completed its deal to invest in Greengage Global Holding Ltd, which aims to become the first merchant bank for the digital finance sector.

Through the Seedcoin subsidiary, Coinsilium invested GBP200,000 via convertible notes and acquired GBP300,000 of Greengage shares, with the equity deal valuing the investee at GBP27.3mln.

Together the companies intend to explore opportunities to develop regulatory compliant decentralised finance (De-Fi) commercial products and solutions. Greengage is, meanwhile, engaged in the regulatory approval process for a banking licence in Gibraltar.

“We are delighted to announce this strategic investment in Greengage, which strengthens Coinsilium’s position in the digital markets’ space and supports Greengage in its mission to expand banking and lending opportunities to cryptocurrency and crypto-asset companies, and more broadly SMEs,” said executive chairman Malcolm Palle.

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