Coinsilium announced this week it has created a wholly-owned subsidiary whose objective is to build an enterprise standard blockchain-powered platform offering token-based alternative funding solutions. Based in Gibraltar, Terrastream Limited’s applications include precious metals and natural resources extraction.
Funding will come from Coinsilium’s reserves and a proposed non-dilutive digital token sale, which will receive advice from legal firm ISOLAS.
Terrastream Limited is based in Gibraltar, which is perhaps the most blockchain-receptive territory. Gibraltar is developing a regulatory framework for firms working with distributed ledger and blockchain technologies. ISOLAS is assisting.
The consultation document can be viewed at the following link:
“After many months of preparatory work we are delighted to be able to finally announce the launch of Terrastream together with its proposed token sale and we look forward to working closely with ISOLAS and the GFSC team in Gibraltar in the lead up to the DLT Regulatory Framework going live,” Coinsilium executive chairman Malcolm Palle said.
“Gibraltar has an impressive track record of successfully identifying opportunities in early trends and has built a solid reputation in the gaming and fintech industries. Coinsilium’s subsidiary Terrastream will be one of the first blockchain-focused companies to support Gibraltar’s regulatory initiative and we expect the DLT Regulatory Framework to provide investors and industry participants alike with the confidence and certainty to embrace and support the development of many exciting blockchain ventures in the future.”