[London, UK]Coinsilium Group Limited (NEX:COIN), the blockchain venture builder, advisor, and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that Coinsilium (Gibraltar) Limited, the Company’s wholly owned Gibraltar registered advisory services provider, together with StartupToken Limited (‘StartupToken’), a hyper accelerator in which the Company holds a 27.8% equity position, and IOV Labs Limited (formerly known as RIF Labs), an organisation dedicated to the development of the RSK Smart Contract Network and the RSK Infrastructure Framework (RIF OS), have signed a strategic advisory agreement (the ‘Agreement’) to support and promote RSK and RIF OS blockchain solutions in Singapore and Southeast Asia enterprise markets.
Notably, the partnership will involve the establishment and ongoing operational support of the recently announced RSK Adoption Hub opening in Singapore - with Coinsilium and StartupToken providing counsel on investment and commercial development strategy in the region. The new hub will be focused on developing open, secure, and easy-to-use blockchain technology applications in collaboration with local businesses and start-up projects. IOV Labs Head of Business Development, Henry Sraigman, will be managing the new Singapore office upon his relocation in the Autumn.
Coinsilium CEO, Eddy Travia, commented: "We are delighted to announce this strategic collaboration between Coinsilium, IOV Labs and StartupToken. Singapore’s role as an emerging blockchain hub in Asia is well known, hosting many of the leading blockchain companies in the space and boasting a spirit of collaboration between the public and private sectors in the country. We are confident that RSK and RIF OS blockchain solutions, with the help of StartupToken will quickly gain traction as businesses in Asia eagerly explore how they can utilise blockchain technology to solve real-world problems. We look forward to providing further updates to the market in due course”
IOV Labs Head of Adoption, Ruben Altman, commented: “Southeast Asia is one of the key regions in the world where we expect blockchain technologies to make a significant, positive impact. Partnering with Coinsilium and StartupToken to support our growth in the region will enable RSK to boost its ecosystem in the region, accelerating progress toward our shared goal of increased blockchain technology in the region and beyond.”
StartupToken CEO, Yacine Terai, commented: “As supporters of the emerging decentralized and shared economy we are thrilled to be engaging in this partnership with Coinsilium and IOV Labs with whom we share the common goal of empowering a new generation of disruptive entrepreneurs, thanks to blockchain technology.”