Coinsilium Group Limited: UNAUDITED INTERIMS TO 30 JUNE 2020

DJ Coinsilium Group Limited: UNAUDITED INTERIMS TO 30 JUNE 2020

Coinsilium Group Limited (COIN) 
Coinsilium Group Limited: UNAUDITED INTERIMS TO 30 JUNE 2020 
 
30-Sep-2020 / 15:56 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
     30 September 2020 
 
  COINSILIUM GROUP LIMITED 
 
  ("Coinsilium" or the "Company") 
 
UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD 
  ENDED 30th JUNE 2020 
 
   Coinsilium Group Limited ("Coinsilium" or the "Company"), the Blockchain, 
     DeFi and Crypto Finance venture operator, is pleased to announce its 
unaudited consolidated interim financial statements for the six months ended 
     30 June 2020. 
 
The period under review was, in the main, one of preparation and transition, 
 paving the way for the Company's transition from an investor in early-stage 
start-ups to a focused Blockchain, DeFi and Crypto-Finance venture operator, 
     as announced post period on 13 July 2020. 
 
     Now in its fifth year of operations as a listed company, the Directors 
     remain focused on delivering its vision of creating long term value for 
     shareholders via exposure to a carefully profiled range of high-growth 
     opportunities in the fast evolving blockchain technology sector. 
 
     Corporate Highlights: 
 
  · Strategic Investment of GBP250,000 completed with IOV Labs ("IOV"), a 
  Gibraltar registered company and parent to RSK, by way of a private 
  placement in the Company. IOV Labs subscribed for 9,434,000 shares at 
  2.65p per share for an interest of 6.94% in Coinsilium's issued share 
  capital. Funds to be used towards joint initiatives between the Coinsilium 
  and IOV and to further the growth and development of the Company. 
 
  · In tandem with the Strategic Investment, IOV and Coinsilium executed a 
  Memorandum of Understanding ('MOU') to establish a Joint Venture Company 
  (JVC) in Singapore to promote and commercialise RSK's products, services 
  and technologies, predominantly in the Asian markets and to promote the 
  adoption in the region of the RIF token which powers the ecosystem of 
  solutions developed by RSK, their partners and independent developers 
  around the world. Eddy Travia, Chief Executive of Coinsilium, to be 
  appointed as Director of the JV Company and to act as IOV's Regional 
  Director for Asia-Pacific. 
 
  · Coinsilium appointed as advisor to Kesholabs, an Africa focused 
  blockchain venture builder and development studio. 
 
     Commenting, Malcolm Palle, Chairman of Coinsilium said "The Strategic 
    Investment Agreement with IOV Labs and the establishment of the IOV Labs 
   Asia JV represents a transformational event and significant milestone for 
     Coinsilium, laying the foundations for a unique and exciting strategic 
 collaboration between Coinsilium and IOV Labs. The Board believes that this 
new commercial relationship presents a real opportunity to create meaningful 
    value for shareholders and is particularly significant for the long-term 
     growth of the Company from the perspective of Coinsilium's transition 
   towards its new strategy as a focused Blockchain, DeFi and Crypto-Finance 
     venture operator, as announced post period on 13 July 2020. 
 
     "The Board therefore believes that the Company is well positioned to 
     capitalise on new and substantial opportunities in the burgeoning 
     Decentralised Finance (DeFi) and Crypto Finance sector, including the 
   development of products, solutions and services in Crypto Lending, Crypto 
  Staking and Stable Assets, both from within the scope of its joint venture 
 with IOV and also from Coinsilium's operational base in Gibraltar, which is 
   fast becoming a pre-eminent global regulatory jurisdiction for innovative 
   financial technology, and where Coinsilium's core operations are now well 
     established. 
 
     "Finally, the Board would like to once again thank all shareholders, 
partners and team members for their continued support and we look forward to 
     providing the market with regular progress updates at this exciting and 
     transformational time for the Company." 
 
     Financial Highlights: 
 
  · Revenue for the period of GBP140,230 (H1 2019: GBP108,967) 
 
  · Profit for the period from continuing operations GBP26,531 (H1 2019: 
  profit of GBP237,787); 
 
  · Profit per share of 0.019 pence (H1 2019: profit per share of 0.179 
  pence); 
 
  · Financial assets at fair value at profit or loss of GBP1.876m at 30 June 
  2020 (31 December 2019: GBP1.78m); 
 
  · Total other current assets GBP331,396 at 30 June 2020 (31 December 2019: 
  GBP146,974); and 
 
  · As at 30 June 2020, cash and cash equivalents amounted to GBP129,212 (31 
  December 2019: GBP235,079). 
 
  · No dividends were paid or recommended to be paid during the period. 
 
For further information, please contact: 
 
Coinsilium Group Limited          [phone] 
 
Malcolm Palle, Executive Chairman   www.coinsilium.com 
 
Eddy Travia, CEO 
 
Peterhouse Capital Limited        [phone] 
 
Guy Miller / Mark Anwyl 
 
(NEX Exchange Corporate Adviser) 
 
SI Capital Limited                [phone] 
 
Nick Emerson 
 
(Broker) 
 
     Outlook 
 
     The Covid19 Pandemic declared on 11 March 2020 has entirely changed the 
global economic landscape, affecting billions of individuals and millions of 
 companies around the world and triggering a crash in both the financial and 
   crypto markets. Despite the major repercussions we continue to see in the 
    real economy, the crypto markets staged a fast recovery from their March 
     lows and have since continued to demonstrate a significant degree of 
     strength and resilience. 
 
 The social distancing measures and travel disruptions around the world have 
     highlighted our reliance on technology and have triggered a wave of 
  digitisation processes amongst SMEs, Corporates and the Governments of the 
     world. This digitisation has increased awareness and interest in 
    cryptocurrencies (currencies whose operation does not rely on a physical 
     artifact) and blockchain technology which minimises trust for small and 
     large exchanges of value or data via the internet. 
 
    This renewed interest in cryptocurrencies, both as an inflation hedge as 
  well as a speculative asset, is set against a backdrop of a multi-trillion 
 dollar money printing policy in the US and the innovation we are witnessing 
     in the decentralised finance (DeFi) and Crypto Finance space. 
 
The Company is now seeing some exciting opportunities in the DeFi sector and 
 Management looks forward to unveiling some exciting new projects during the 
  final quarter of 2020 and going forwards into 2021. Given the current pace 
   of development and burgeoning pace of growth in Decentralised Finance and 
     Crypto Finance, the Board believes that Coinsilium is well placed to 
capitalise on a plethora of new opportunities with the potential to generate 
  meaningful revenue streams and growth for Coinsilium in the near to medium 
term. We therefore look to the future with renewed confidence and enthusiasm 
     at this exciting time in this fast maturing technology sector. 
 
     Post Period Highlights: 
 
· 8 July 2020 - Coinsilium Group announced the execution of a Joint 
Venture Agreement ("JVA") between IOV Labs and Coinsilium to form a Joint 
Venture Company ("JVC") in Singapore. Under the terms of the JVA each 
shareholder will hold 50% of the total shares of the JVC at incorporation. 
The JVC is to be financed by IOV by way of a loan which is to be repaid 
from the future revenues from the JVC. Eddy Travia, Coinsilium's CEO, to 
represent Coinsilium as a Director of the JVC. The business of the JVC is 
to promote and commercialise IOV's products, services and technologies, 
principally in the Asian markets. 
 
· 13 July 2020 - Coinsilium Group announced a Strategic Business Review of 
the Company's operations and equity investments to align the Company in 
readiness for its participation within the recently announced IOV Joint 
Venture (JV) and to ensure that the Company is optimally positioned and 
resourced to capitalise on new and substantial opportunities in the 
burgeoning Decentralised Finance (DeFi) and Crypto Finance sector 
including the development of products, solutions and services in Crypto 
Lending, Crypto Staking and Stable Assets, both from within the scope of 
its joint venture with IOV and also from Coinsilium's operational base in 
Gibraltar, which is fast becoming a pre-eminent global regulatory 
jurisdiction for innovative financial technology, including 
cryptocurrencies. 
 
· 17 August 2020 - Coinsilium Group announced its maiden DeFi Services 
advisory agreement ('Agreement') with Indorse to advise on its new IND 
token strategy, token model and enhancement of token trading liquidity. 
Indorse is to refocus its IND token under a new DeFi based model and to 
engage into liquidity incentivisation campaigns to ignite interest from 
liquidity providers into IND. 
 
· 18 August 2020 - Coinsilium Group announced that its joint venture 
company with IOV Labs Ltd in Singapore, 'IOV Asia', had signed a 
Memorandum of Understanding with Vietnam-based RedFOX Labs Joint Stock 
Company to build fast scaling internet businesses on and for the RSK 
Blockchain in the Southeast Asian region. The MoU with RedFOX represents 
IOV Asia's first commercial and technical agreement. RedFOX is a 
blockchain venture builder based in Vietnam, that identi?es and replicates 
successful pure play business models with a focus on the Southeast Asian 
markets. The MoU is expected to lead to formal commercial and technical 
agreements whereby RedFOX will migrate its applications to the RSK 
blockchain and become a hub for RSK blockchain technology expertise in 
Vietnam under the IOV Labs Asia JV umbrella. This will also enable IOV 

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