Coinsilium Group’s involvement extends beyond advisory services to facilitate LC Lite’s integration into the cryptocurrency ecosystem.
Coinsilium Group Ltd., a Web3 advisor, has agreed with LC Lite, a global trade exchange platform, to guide LC Lite’s forthcoming token launch.
The partnership’s objective is to incorporate the qualities of distributed ledger technology (DLT) into LC Lite to promote stability in cross-border export financing and increase marketplace liquidity.
The strategic advisory services of Coinsilium gain prominence as LC Lite, a company recently acquired by Incomlend, allies with the Web3 advisor. LC Lite and Incomlend, a corporation dedicated to closing loopholes in the global trade finance ecosystem, have merged.
LC Lite endeavors to furnish Incomlend with Web3 principles, emphasizing augmenting marketplace liquidity, facilitating cross-border export financing through multi-currency solutions, and encouraging wider adoption of stablecoins.
The partnership enables LC Lite to capitalize on developing prospects within the swiftly growing digital asset industry. This action is consistent with broader industry patterns, as demonstrated by the increasing attention from institutions towards cryptocurrency investments, which includes Coinsilium among the companies jumping on board.
Involvement by Coinsilium Group extends beyond tokenomics advisory services for LC Lite’s token introduction in the fourth quarter of 2024. By utilizing Coinsilium’s extensive network, the collaboration enables LC Lite to establish connections with prominent service providers and cryptocurrency firms.
This strategic alliance enables the assimilation of LC Lite into the broader cryptocurrency ecosystem.
Coinsilium Group’s Role in Shaping the Future of Cross-Border Trade Finance
Notable is the payment structure for Coinsilium’s services, which consists of various cryptocurrencies (BTC, ETH, and project-specific digital tokens). This is consistent with the industry’s dynamic nature and demonstrates a dedication to adopting the technologies that Coinsilium promotes.
Chief Executive Officer of Coinsilium Group Eddy Travia emphasizes LC Lite’s potential impact on the trade finance market, valued in trillions of dollars. While avoiding exaggeration, his statement exhibits a measured sense of optimism and centers on the concrete advantages that LC Lite may bestow upon tangible assets in the real world.
Co-founder and director of LC Lite, Jean-Charles Devin, emphasizes the significance of Coinsilium’s standing and proficiency in blockchain technology and cryptocurrencies. An emphasis on collaboration and joint innovation characterizes a partnership founded on mutual development and achievement.
Collaboratively, LC Lite and Coinsilium Group endeavor to lay the solid groundwork for enduring expansion by providing enterprises with streamlined solutions for cross-border payments involving tangible assets. The narrative sustains a lucid and enlightening tone by avoiding superfluous expressions.
Coinsilium Group is a Gibraltar-based open finance and blockchain venture operator. The Londn-based organization, which in 2015 became the first blockchain entity to initiate an initial public offering (IPO), has since expanded its offerings to include strategic advisory services that generate revenue.
This encompasses noteworthy undertakings such as a collaborative effort with blockchain technology specialists Indorse to establish Nifty Labs, a development studio specializing in non-fungible token (NFT) technology, and a fifty-fifty partnership with IOV Labs in Singapore.
A November survey by Coinbase indicates an increasing level of interest in the adoption of cryptocurrencies by institutions.
Furthermore, the historic approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), led by Gary Gensler, has attracted the attention of major financial institutions, including Grayscale, Fidelity, and BlackRock, which have ventured into the Bitcoin investment sector.
The step towards a Bitcoin ETF is a catalyst for Bitcoin’s legitimization and stability as an asset class. Blockworks disclosed recently that over $25 billion in collective assets under management have been accumulated by the ETFs in the past month.
The subsequent increase in the value of Bitcoin corresponds to the broader institutional interest that contributes to an optimistic outlook on the cryptocurrency.
The aggregate market capitalization of cryptocurrencies was $2.06 trillion at the time of writing, with Bitcoin holding a 52.7% market share, according to CoinGecko data.