Saturday January 16, 2021
BTC $36,284.00 (-4.33%)   ETH $1,172.34 (-1.37%)
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
SWAP BITCOIN NOW
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Vendor Technology

Coinsilium launches subsidiary for blockchain token based funding

Published by CryptoNinjas.net
08/23/2017

Coinsilium Group, the early-stage blockchain development accelerator, and investor today announced the formation of a wholly-owned subsidiary, Terrastream Limited (Terrastream), in Gibraltar.

Further to the release on June 1st of this year, the company is pursuing its own initiatives in blockchain and smart contract technologies. The formation of Terrastream marks the first step.

Terrastream aims to build an Enterprise standard blockchain-powered platform for the generation of token-based alternative funding solutions designed to operate in compliance with Gibraltar’s proposed forthcoming Distributed Ledger Technology (DLT) Regulatory Framework.

Highlights

  • Terrastream to provide alternative funding solutions across multiple industry sectors, including precious metals and natural resources extractive industries
  • Development of the Terrastream platform to be funded by current cash reserves and non-dilutive token sale
  • Gibraltar is expected to become the first jurisdiction globally to develop a regulatory framework for  Distributed Ledger Technology covering Blockchain
  • Gibraltar specialist Law firm ISOLAS appointed to advise on Terrastream structure and token sale

The rationale for forming Terrastream Limited

Terrastream Limited has been formed in Gibraltar as a wholly-owned subsidiary of Coinsilium with the objective of building an Enterprise standard blockchain-powered platform offering token-based alternative funding solutions with potential applications in several industry sectors, including, but not limited to, the precious metals and natural resources extractive industries.

Following a recent visit to Gibraltar by Coinsilium’s Executive Directors, which included meetings with senior representatives from Gibraltar Financial Services Commission (GFSC), Coinsilium is confident that Terrastream will be able to benefit from the support of a conducive regulatory framework within the jurisdiction. The build and development of the Terrastream platform are expected to be funded from the company’s existing reserves and the proceeds of a proposed non-dilutive digital token sale, further details of which will be announced in due course.

Gibraltar’s Distributed Ledger Technology Regulatory Framework

Gibraltar is set to become the first jurisdiction globally to provide a regulatory framework specifically designed for firms engaging in activities that use DLT for the transmission or storage of value belonging to others (DLT Framework), also covering Blockchain Technologies. In May 2017, Gibraltar Finance released a consultation document as part of its process towards establishing this regulatory framework. The operative date is expected to be no later than 1 January 2018.

Appointment of ISOLAS

Coinsilium has appointed specialist Law Firm ISOLAS to advise on the structuring of Terrastream and its planned token sale. ISOLAS is actively involved in Gibraltar’s drive to develop the DLT Framework and has successfully advised on several token sales, including GNOSIS which sold tokens for 250,000 Ether (ETH), equivalent to USD $12.5m at the time, and Coinsilium portfolio company CoinDash.

Malcolm Palle, Executive Chairman of Coinsilium

Malcolm Palle, Executive Chairman of Coinsilium, commented:

“After many months of preparatory work we are delighted to be able to finally announce the launch of Terrastream together with its proposed token sale and we look forward to working closely with ISOLAS and the GFSC team in Gibraltar in the lead up to the DLT Regulatory Framework going live.”

“Gibraltar has an impressive track record of successfully identifying opportunities in early trends and has built a solid reputation in the gaming and fintech industries.”

“Coinsilium’s subsidiary Terrastream will be one of the first blockchain-focused companies to support Gibraltar’s regulatory initiative and we expect the DLT Regulatory Framework to provide investors and industry participants alike with the confidence and certainty to embrace and support the development of many exciting blockchain ventures in the future. We look forward to updating investors on further developments with Terrastream at this exciting time for Coinsilium.”

5
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

IOV Labs and Coinsilium expand partnership to promote RSK and RIF platforms in Asia

IOV Labs increases stake in Coinsilium with $439K investment

12/05/2020
IOV Labs and Coinsilium expand partnership to promote RSK and RIF platforms in Asia

IOV Labs and Coinsilium expand partnership to promote RSK and RIF platforms in Asia

01/28/2020

Coinsilium partners with Devmons to launch smart contract development studio

11/26/2019
Rsk Iov Rif Coinsilium

Coinsilium, StartupToken and IOV Labs join to promote RSK network in Asia

07/11/2019

Blockchain venture accelerator Coinsilium now incorporated in Gibraltar

03/14/2019

Coinsilium to advise on $25M USD token sale for blockchain infrastructure company Lition

10/03/2018
Load More
Leave Comment
CoinSwitch: Instant Cryptocurrency Exchange and Converter CoinSwitch: Instant Cryptocurrency Exchange and Converter CoinSwitch: Instant Cryptocurrency Exchange and Converter

Recent Updates

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Cryptohopper launches new feature to automatically test, rank, and deploy trading strategies

Binance adds Navcoin (NAV) to their locked staking program

Loans now available on the Crypto.com Exchange

Modulus CEO: Parler & Amazon Strife Highlight Danger for Digital Asset Exchanges

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Purchase 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Nisbah Capital joins Tezos blockchain baker ecosystem

IOHK expands Cardano development fund with launch of new $500K round

Instimatch to leverage Algorand blockchain to advance settlement and payment solutions

Crypto exchange Poloniex launches XRP perpetual futures

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy