Web3 advisor Coinsilium Group Ltd. has signed an agreement with global trade exchange platform LC Lite to lead the upcoming token launch.
The goal of this collaboration is to integrate distributed ledger technology (DLT) capabilities into LC Lite to enhance market liquidity and increase the stability of cross-border export finance.
Coinsilium’s strategic advisory services have come to the fore since LC Lite, recently acquired by Incomlend, is linked to Web3 Advisor. Incomlend, a company focused on solving gaps in the global trade finance ecosystem, has joined forces with LC Lite.
LC Lite seeks to bring Web3 principles to Incomlend with a focus on enhancing market liquidity, providing multi-currency solutions for cross-border export financing, and promoting broader stablecoin adoption.
This collaboration will enable LC Lite to seize new opportunities in the fast-growing digital asset market. This move is consistent with broader industry trends, as evidenced by the growing institutional interest in cryptocurrency investing, with companies like Coinsilium joining the bandwagon.
Coinsilium’s involvement goes beyond advising on token economics for LC Lite’s planned token launch in Q4 2024. The collaboration extends to leveraging Coinsilium’s extensive network to connect LC Lite with leading service providers and cryptocurrency companies. This strategic partnership facilitates the integration of LC Lite into the wider cryptocurrency ecosystem.
The compensation model for Coinsilium services is noteworthy. This means you pay in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and project-specific digital tokens. This is consistent with the evolving landscape of the industry and demonstrates Coinsilium’s commitment to embracing the very technologies it champions.
Eddy Travia, CEO of Coinsilium, highlights the potential impact of LC Lite on the trillion-dollar trade finance market. His statements reflect understated optimism while avoiding hyperbole and focus on the tangible benefits LC Lite can bring to real assets.
Jean-Charles Devin, co-founder and director of LC Lite, highlights the value of Coinsilium’s reputation and expertise in the blockchain and cryptocurrency space. Our emphasis on collaboration and shared innovation creates an atmosphere of partnership built on mutual growth and success.
Together, Coinsilium and LC Lite aim to build a strong foundation for continued growth and empower businesses with streamlined cross-border payment solutions for real-world assets. The narrative avoids overused phrases and maintains a clear and informative tone throughout.
Coinsilium is a blockchain and open finance venture operator based in Gibraltar. The London-based company, which became the first blockchain company to launch an initial public offering (IPO) in 2015, has evolved to provide revenue-generating strategic advisory services.
This includes notable ventures including a 50% partnership with IOV Labs in Singapore and collaboration with blockchain technology expert Indorse to establish Nifty Labs, a non-fungible token (NFT) technology development studio in Gibraltar.
Increased institutional adoption
A survey conducted by Coinbase last November showed growing interest in institutional cryptocurrency adoption.
In addition, the spot Bitcoin exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission (SEC) led by Gary Gensler includes Grayscale, Fidelity, BlackRock, and Major financial institutions like Bitcoin are garnering attention for their historic decision to enter the Bitcoin investment space.
The Bitcoin ETF movement is seen as a catalyst to legitimize and stabilize Bitcoin as an asset class. Blockworks recently revealed that ETFs have amassed more than $25 billion in total assets under management in one month.
The subsequent upward trend in Bitcoin price is consistent with widespread institutional interest fostering positive sentiment towards the cryptocurrency.
As of this writing, the total cryptocurrency market cap is $2.06 trillion, with Bitcoin holding a 52.7% market share, according to data from CoinGecko.