Coinsilium Completes US$125,000 Investment in Bundle Network Crypto Trading Platform

 

COINSILIUM GROUP LIMITED

(“Coinsilium” or the “Company”)

COINSILIUM COMPLETES US$125,000 INVESTMENT IN BUNDLE NETWORK CRYPTO TRADING PLATFORM

 

Coinsilium Group Limited (NEX:COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that it has completed an investment of US$125,000 in Bundle Network Limited (‘Bundle Network’), a Malta-registered company developing an online platform connected  to multiple exchanges and facilitating cryptocurrency trading on these exchanges. The valuation terms of Bundle Network, whilst known to the Company, are subject to confidentiality due to commercial sensitivities. Additionally, Coinsilium will receive an entitlement to an undisclosed number of Bundle Network crypto tokens to be issued in the next few months.

Under the terms of the agreement, Coinsilium CEO Eddy Travia will join the Board of Directors at Bundle Network.

Rationale

As announced on 19th March 2018, Bundle Network has engaged with Coinsilium to provide advisory services in relation to their Token Generating Event (TGE). This investment is aligned with Coinsilium’s strategy of supporting foundational services in the blockchain ecosystem such as the buying and selling of cryptocurrency and tokens. The Bundle Network platform also aims to provide an online social environment to enhance the growth of communities around various blockchain projects, thereby advancing development and awareness of the sector as a whole.

Eddy Travia, CEO of Coinsilium, commented:

“This strategic investment further illustrates Coinsilium’s increasing foothold in the fast-growing digital token space. Coinsilium has already engaged with Bundle as advisors for their forthcoming token generation event, and we have been impressed by the application of the team and the market reach of their unique service. I look forward to joining the Board of Directors of Bundle Network and working closely with the talented Bundle Network team to support the growth of their business.”

Umut Şenol CEO at Bundle Network commented: “We are very happy and proud to move our relationship with Coinsilium from an advisory role to a shareholder position. We have always felt their strong support and appreciate their valuable advice and contribution to our project.  We are also pleased to be strengthening Bundle’s board with Eddy’s appointment as a director.”

The Directors of Coinsilium Group Limited take responsibility for this announcement.

-ENDS-

For further information, please contact:

Eddy Travia, CEO                                                                           
Coinsilium Group Limited

+44 (0) 20 3889 4312

Malcolm Palle, Executive Chairman                                                  
Coinsilium Group Limited

+44 (0) 7785 381089

 

 

Guy Miller / Mark Anwyl                                                                   
Peterhouse Corporate Finance Limited 
(NEX Exchange Corporate Adviser)

+44 (0) 207 469 0930 

Nick Emerson                                                                                 
SI Capital Limited
(Broker)

+44 (0) 1483 413 500

 

Notes to Editor

About Coinsilium

Coinsilium is a venture builder, investor and advisor to early-stage blockchain technology companies. It does this through its consortium of top-tier investors, industry thought leaders and executive managers. Coinsilium’s focus is on driving innovation in fintech and blockchain technologies, enabling businesses to take advantage of growth opportunities. Coinsilium also provides advisory services to companies planning token generation events.

Coinsilium shares are traded on NEX Exchange Growth Market, the primary market for unlisted securities operated by NEX Exchange, a Recognised Investment Exchange under the Financial Services and Markets Act 2000.

For further information about Coinsilium please visit http://www.coinsilium.com

About Bundle

Bundle Network is an online platform connected to various exchanges, enabling users to purchase and sell multiple coins & tokens within seconds of execution through one account and one click, at the best price possible either in bundles, or individually. It will also serve as an online meeting point for cryptocurrency investors to share and discuss topics related to the trading cryptocurrencies.

For further information about Bundle Network please visit: http://bundle.network/