Coinsilium Group "so well positioned" heading into 2024 after Indorse deal
London, UK
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December 05, 2023 11:54 AM Eastern Standard Time
Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) Executive Chairman Malcolm Palle and CEO Eddy Travia speak to Thomas Warner from Proactive London after the web3 investor announced it has agreed heads of terms with Indorse ahead of it increasing its stake in the Singapore-based blockchain development company from 10.156% to nearly 25%.
Palle explains that the strategic investment reflects confidence in the group's undervalued market position. Indorse, also backed by Times of India, specialises in blockchain technology, offering Coinsilium's investors a valuable opportunity in the sector. CEO Travia highlights Coinsilium's long-standing relationship with Indorse, noting their expertise in blockchain and smart contract development.
He emphasises the role of Indorse's CTO, Gaurang Torvekar, in pioneering Ethereum smart contracts. Travia also introduced the Byzant Project, a Web3 ecosystem focusing on professional social networking. This initiative aims to realign user and platform operator interests, diverging from traditional Web2 models.
Concluding the interview, Palle expresses optimism for Coinsilium's future despite the recent challenges in the crypto environment. Emphasizing the company's resilience and robustness, he anticipates a positive outlook for the digital asset sector and significant advancements for Coinsilium in 2024.
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