Coinsilium Group Limited (NEX: COIN), an investor financing and managing the development of early-stage blockchain technology companies, has formed Terrastream, a wholly-owned subsidiary which is aiming to build an enterprise standard blockchain-powered platform for the generation of token-based alternative funding solutions.
The Platform will be designed to work in compliance with Gibraltar’s proposed forthcoming Distributed Ledger Technology (DLT) Regulatory Framework.
Terrastream will provide alternative funding solutions across multiple industry sectors, including precious metals and natural resources extractive industries. Development of the platform is to be funded by current cash reserves and non-dilutive token sale.
Gibraltar is expected to become the first jurisdiction globally to develop a regulatory framework for Distributed Ledger Technology covering Blockchain, while Gibraltar law firm ISOLAS has been appointed to advise on Terrastream’s structure and token sale.
Terrastream will offer token-based alternative funding solutions with potential applications in several industry sectors, including, but not limited to, the precious metals and natural resources extractive industries.
