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Coinsilium Group Limited: Greengage Collaborates with Coinbase to Enhance SME Financing with Blockchain Technology
London, UK, 5 July 2024 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF) announced that its portfolio company, Greengage Global Holding ("Greengage"), has partnered with global cryptocurrency exchange Coinbase. This collaboration aims to use the Coinbase Diamond Protocol to provide small and medium enterprises (SMEs) with improved access to capital through blockchain technology.
The partnership leverages blockchain to enhance the issuance and management of private capital by issuing native digital debt. This method promises a more secure and accessible financing solution for a wider range of investors.
Greengage CEO Sean Keirnan expressed excitement about the initiative, stating it would refine their ability to support SMEs while driving innovation and sustainability in this critical sector. Further details of the announcement can be found on the Greengage and Financial Magnates websites.
Coinsilium holds 27,133 A Shares and 8,370 warrants in Greengage, valued at GBP £652,537 as of 31 December 2023. The collaboration is expected to benefit both firms significantly.
R. P.
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