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18 January 2021

IOV Labs increases stake in Coinsilium with $439K investment

IOV Labs increases stake in Coinsilium with $439K investment


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Coinsilium, a blockchain, DeFi, and crypto finance venture operator and one of the earliest publicly listed blockchain companies, announced it has received a GBP330,000 (USD 439,000 equivalent) investment from Gibraltar-based IOV Labs (IOV), the founding company behind RSK, for an increased 13.9% stake in the company.

Both IOV Labs and Coinsilium share big ambitions for the Company and its potential to create the next generation of digital asset platforms as a blockchain, DeFi, and crypto finance venture operator.

Having a partner and significant shareholder with the size and scale of IOV Labs provides Coinsilium with a solid foundation from which to launch a range of ambitious blockchain and crypto finance ventures, targeting the markets where we have identified the greatest potential.

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