Coinsilium and LC Lite forge strategic partnership to revolutionize trade finance
Published: 07:52 21 Feb 2024 EST
Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) CEO Eddy Travia and LC Lite CEO Jean-Charles (JC) Devin join Proactive's Stephen Gunnion with details of an agreement between the two companies.
Founded in 2018, LC Lite specializes in trade finance through permission tokens on a private blockchain, aiming to create a new ecosystem within the trade finance industry by digitizing receivable financing.
Travia told Proactive that Coinsilium will provide LC Lite with strategic advisory services ahead of an upcoming token launch, marking an interest in the intersection between digital assets and the real-world economy. This partnership focuses on the tokenization of real-world assets, a promising sector in the Web3 space. Coinsilium aims to leverage its network in the crypto market to assist LC Lite with its token model and tokenomics, particularly in decentralizing the space around real-world assets.
Devin said LC Lite's objectives through this partnership include launching a token by the end of the year, integrating the value chain of asset management in a vertically integrated model, and bridging real-world and digital assets. This aims to generate yields and capital appreciation for investors while providing financing to suppliers, bringing real-world assets into the DeFi and crypto world.
Travia also touched on the current crypto market sentiment, with significant improvements noted in the prices of Bitcoin and Ethereum, and the anticipation of further opportunities due to regulatory developments and the upcoming Bitcoin halving.
