Coinsilium seals investment deal with Greengage Global - Proactive Investors

Coinsilium Group Ltd (AQSE:COINOTCQB:CINGF) completed its deal to invest in Greengage Global Holding Ltd, which aims to become the first merchant bank for the digital finance sector.

Through the Seedcoin subsidiary, Coinsilium invested £200,000 via convertible notes and acquired £300,000 of Greengage shares, with the equity deal valuing the investee at £27.3mln.

Together the companies intend to explore opportunities to develop regulatory compliant decentralised finance (De-Fi) commercial products and solutions. Greengage is, meanwhile, engaged in the regulatory approval process for a banking licence in Gibraltar.

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