Coinsilium Group Limited Investee Company Update
23 August 2016 - 4:01PM
UK Regulatory
TIDMCOIN
23 August 2016
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Group")
FACTOM ANNOUNCES COLLABORATION WITH INTRINIO
Coinsilium Group Limited (ISDX:COIN), the ISDX quoted blockchain technology
investment and development company, is pleased to announce that Factom Inc.
('Factom'), a company in which Coinsilium has a 1.9% equity interest, has
announced a collaboration with Intrinio, making "immutable US stock market data
available to the world."
Following the announcement Factom's Chairman David Johnston stated, "Intrinio
is providing financial market data to Factom helping us build the foundational
data sets for our users to audit their financial records. By publishing all
these different stock prices on Factom, developers now have a reliable way to
build their financial applications, and since the blockchain is stored forever
on a distributed basis, this is a resource that grows every day and the wealth
of past knowledge is always available to verify, without everyone having to
store the data locally in their application."
Coinsilium CEO Eddy Travia commented: "We are delighted to release another
announcement this summer regarding Factom's ongoing collaborations and projects
to put data on the blockchain. These collaborations make it easier for both the
technology and financial sectors to access and work with more reliable data
than ever before and could lead to arguably revolutionary developments, with
far-reaching implications. Within the wider arena we are beginning to see
the innovations that result from the sharing of information. I am eager to see
how financial institutions and fintech startups will use these tools in
creative and productive ways".
The full announcement from Factom can be found at https://www.factom.com/
intrinio-factom-announce-collaboration/.
The Directors of Coinsilium take responsibility for this announcement.
Notes to Editor
About Factom
Factom Inc. is at the forefront of the blockchain revolution. Governments and
corporations find Factom to be a relevant solution to many pressing data
security problems. The Factom data layer integrates into existing systems and
makes them immutable, extending the transparency inherent within a blockchain,
validated by math. Developers can now create a new level of trust and
transparency with real-world implications on the open source Factom platform.
About Intrinio
Intrinio built its API and pricing model to appeal to application developers
looking for specific data types at a price point that is profitable for the
developer. Test and build using 500 daily API calls for free indefinitely, then
as your business ramps up select from paid plans. Fundamental, economic, price,
and earnings estimate data does not get more affordable or easier to integrate.
About Coinsilium Group
Coinsilium is a London-based blockchain technology focused investment and
development company, supporting early-stage blockchain companies through
investment, acceleration, development and education.
Coinsilium is the world's first blockchain technology focused company to be
admitted to trading on an Exchange Regulated Market and has a portfolio of
interests in blockchain companies and projects. In addition to pursuing its
investment strategy Coinsilium is able to offer a suite of services including
corporate/business advisory, CPD accredited training & education, investment
solutions, in-house development and other professional services to blockchain/
fintech companies and major corporates wanting to learn more about blockchain
technology and its implications to the way the world transfers value over the
internet.
For further information please visit http://www.coinsilium.com/
Or please contact the following:
Eddy Travia / Laurent Coinsilium Group Limited +44 (0) 207 099 0740
Kssis
Peter Shea / Asha Daniel Stewart & Company +44 (0) 207 776 6550
Chotai (Corporate Adviser)
Nick Emerson / Andy SI Capital Limited +44 (0) 1483 413 500
Thacker (Broker)
Jan Skoyles Coinsilium Group Limited janskoyles@coinsilium.com
(Marketing)
END
(END) Dow Jones Newswires
August 23, 2016 11:01 ET (15:01 GMT)