ICOs Advisory Firm StartupToken Secures Investment from Coinsilium Group

StartupToken offers a full-package service for startups wishing to sell their tokens.

Coinsilium Group Limited (NEX:COIN), the London-based blockchain venture investment fund, confirmed today that it has completed its investment of nearly $500,000 in StartupToken, a provider ICOs advisory services to cryptocurrency start-ups.

The Blockchain-focused investment company has agreed to purchase 30 percent equity stake in StartupToken and will have the option to hike its stake by a further 6.4 percent via a six-month convertible loan of $100,000, with 5% annual interest.

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The transaction has an enterprise value of circa £1.2 million. Coinsilium Group will pay £360,905 through a combination of shares and cash payments. Coinsilium also said its chief executive, Eddy Travia, had agreed to join the board of StartupToken.

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Gibraltar-based StartupToken aims to bridge the divide between blockchain entrepreneurs and potential token buyers. The start-up leverages its blockchain knowledge, as well as an explosion in the offerings of new tokens or ICOs, to provide advisory services to companies targeting a Token Generating Event (TGE).

StartupToken offers a full-package service for startups wishing to sell their tokens, from access to legal counsel to technical support and marketing. A project must first pass the qualification test put in place by StartupToken to determine the true innovators from the opportunists.

Malcolm Palle, Chairman of Coinsilium, stated: “This important strategic investment strengthens Coinsilium’s foothold in the fast growing digital token space. We have already established a good working relationship with StartupToken and have been greatly impressed by the speed at which they have been able to gain a strong presence in the industry. We look forward to working closely with Yacine and his team and using our combined experience to add value and fast-track the scale up of the business.”

Yacine Terai, CEO of StartupToken added: “As founder of StartupToken, I am extremely pleased to have received this vote of confidence from Coinsilium which I consider to be one of the most respected companies within the blockchain investment space. ‘Token Sales’ are a new form of funding which is taking the blockchain world by storm and with the support of Coinsilium’s experienced team and its influence, StartupToken is now ideally positioned to become one of the leading accelerators within the global Token Economy.”

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