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Web3 advisor Coinsilium Group Ltd. has signed an agreement with global trading platform LC Lite, steering the ship for its upcoming token launch.
The collaboration aims to integrate distributed ledger technology (DLT) features into LC Lite, to improve market liquidity and foster stability in cross-border export financing.
Coinsilium's strategic advisory services come to the fore as LC Lite, recently acquired by Incomlend, aligns with advisor Web3. Incomlend, a company focused on addressing gaps in the global trade finance ecosystem, has joined forces with LC Lite.
LC Lite aims to introduce Web3 principles to Incomlend, focusing on improving market liquidity, providing multi-currency solutions for cross-border export financing, and encouraging broader adoption of stablecoins.
The collaboration positions LC Lite to take advantage of emerging opportunities within the rapidly expanding digital asset market. This move aligns with broader industry trends, as evidenced by growing institutional interest in cryptocurrency investments, with companies like Coinsilium joining the bandwagon.
Coinsilium's involvement goes beyond advising on tokenomics for LC Lite's planned token launch in Q4 2024. The collaboration extends to leveraging Coinsilium's extensive network, connecting LC Lite with leading service providers and cryptocurrency companies. This strategic alliance facilitates the integration of LC Lite into the broader crypto ecosystem.
Of note is the compensation model for Coinsilium's services: payment in various cryptocurrencies, including bitcoin (btc), Ether (eth) and project-specific digital tokens. This aligns with the changing industry landscape and shows a commitment to adopting the same technologies that Coinsilium champions.
Eddy Travia, CEO of Coinsilium, emphasizes LC Lite's potential impact on the multibillion-dollar trade finance market. His statement reflects measured optimism, avoiding hyperbole and focusing on the tangible benefits LC Lite could bring to real-world assets.
Jean-Charles Devin, co-founder and director of LC Lite, underlines the value of Coinsilium's reputation and experience in the blockchain and cryptocurrency space. The emphasis on collaboration and shared innovation sets the tone for a partnership based on mutual growth and success.
Together, Coinsilium and LC Lite aim to establish a solid foundation for sustained growth, empowering businesses with cross-border payment solutions optimized for real-world assets. The narrative avoids overused phrases, maintaining a clear and informative tone at all times.
Coinsilium is a blockchain and open finance operator based in Gibraltar. The London-based company, which became the first blockchain entity to launch an initial public offering (IPO) in 2015, has evolved to offer revenue-generating strategic advisory services.
This includes notable ventures such as a fifty-fifty partnership with IOV Labs in Singapore and a collaboration with blockchain technology experts Indorse to establish Nifty Labs, a non-fungible token (nft) technology development studio in Gibraltar.
The rise of institutional adoption
TO crypto-among” target=”_blank” rel=”noopener”>survey conducted by Coinbase in November suggests growing interest in institutional adoption of cryptocurrencies.
Furthermore, spot bitcoin exchange-traded funds (ETFs) approved by the US Securities and Exchange Commission (SEC) led by Gary Gensler are considered a landmark decision with major financial institutions such as Grayscale, Fidelity and BlackRock entering to the bitcoin investment space.
The bitcoin ETF move is seen as a catalyst to legitimize and stabilize bitcoin as an asset class. Recently, bitcoin-etf” target=”_blank” rel=”noopener”>blocks revealed that ETFs have amassed more than $25 billion in collective assets under management in the space of a month.
The subsequent bullish trend in bitcoin price aligns with broader institutional interest in fostering positive sentiment in the cryptocurrency.
At the time of writing, the total cryptocurrency market capitalization stands at $2.06 trillion, with bitcoin holding a 52.7% market share, according to data from CoinGecko.
