Coinsilium, the early stage blockchain investment company, begins share trading on the ICAP Securities and Derivatives Exchange (ISDX) Growth Market in London this morning (24 December).
Coinsilium, which uses the ticker "COIN", issued 10,000,000 new ordinary shares at 10p per share, which raised £1m in gross proceeds, said the company in a statement. Upon Admission, Coinsilium has 69,793,500 Ordinary Shares on issue representing a market capitalisation of £6.98m.
Coinsilium, which was formed in early 2014, has built up a portfolio of interests in eleven blockchain fintech related companies. Current investments by Coinsilium include: SatoshiPay, a nano-payment gateway for online content; blockchain technology and bitcoin trading platform, Magnr; Fuzo, a digital wallet and financial services provider for the world's unbanked; Factom, a blockchain enabled data management system; Rivetz, a security application developer; blockchain API provider, Neuroware; and cryptocurrency payment gateway and analytics provider, CoinSimple.
As well as providing investors exposure to a range disruptive technologies, Coinsilium also provides corporate advisory, technical consulting and CPD accredited training and educational services in relation to blockchain technology. The company is set to launch its accelerator program for blockchain tech start-ups "Block Chain Space" in Europe in February 2016.
Cameron Parry, Coinsilium's executive chairman, said: "We are delighted to be the world's first IPO of a blockchain technology company and the first to offer retail investors the opportunity to gain exposure to a diverse group of these potentially disruptive technologies and to this fast growing sector.
"This is not only a significant step for the company but also for the blockchain industry in general. The UK has been a welcoming jurisdiction to date for fintech and the evolution that blockchain technology represents to the transfer of value online, and we are pleased to play our part in seeing London be one of the world's leading innovation hubs in this regard.
"We believe that the increased profile of having Coinsilium's shares admitted to trading will help generate further investment and revenue opportunities, accelerate growth plans and maintain the company's position as a market leader in this technological space."