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DJ RSK parent company acquires leading Social Network bringing Bitcoin technology to 30 million users

 
 Coinsilium Group Limited (COIN) 
RSK parent company acquires leading Social Network bringing Bitcoin 
technology to 30 million users 
 
30-Sep-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
           COINSILIUM GROUP LIMITED 
 
           ("Coinsilium" or the "Company") 
 
RIF & RSK parent company IOVLabs acquires leading Social Network to bring 
Bitcoin technology to 30 million users 
 
RIF services and the Bitcoin-powered RSK Network will be integrated into the 
largest Spanish speaking social network in the world 
 
London, UK, 30 September 2019 - Coinsilium Group Limited (NEX:COIN), the 
blockchain venture builder, advisor and investor that finances and manages 
the development of early-stage blockchain technology companies, is pleased 
to report an update announcement made by IOVLabs ('IOVLabs'), the parent 
company of RSK ('RSK'), on 27 September. The full text of the announcement 
can be seen below. 
 
Highlights: 
 
  · RSK parent company IOVLabs acquires Taringa, world's largest 
  Spanish-speaking social network platform 
 
  · 30m registered users, 13m active users and 1,000 active online 
  communities 
 
  · Acquisition puts RSK at the forefront of adoption in distributed ledger 
  technologies as the first step towards mass adoption of both RSK and RIF 
  platforms 
 
Coinsilium's interest in RSK is represented by way of 1,951,846 RIF tokens. 
As announced on 19 November 2018, Coinsilium's shareholding of 65,000 series 
Seed 1 RSK shares was converted to RIF tokens by way of a 'share for token' 
swap. The RIF tokens are now vesting and will continue to do so over the 
remainder of the vesting period. Coinsilium Chairman Malcolm Palle is also a 
member of the board of directors of IOVLabs. 
 
Coinsilium Chief Executive Eddy Travia commented: "We are delighted by the 
news of this exciting strategic acquisition by RSK's parent company IOVLabs. 
Taringa is the largest Spanish language social network in the world and with 
an estimated 534m Spanish speakers globally*, in terms of adoption, this 
acquisition represents a unique opportunity to introduce millions of people 
worldwide to the existing and upcoming RIF-based solutions, including 
rewards and payments, peer-to-peer exchanges and decentralised application 
marketplaces. 
 
"As initial investors, Coinsilium has been supporting RSK since its early 
days and we continue to work actively with the IOVLabs/RSK team both in 
Gibraltar and, as announced 11 July 2019, through our strategic advisory 
agreement to accelerate Southeast Asian adoption of RSK Smart Contract and 
RSK Infrastructure Framework (RIF OS) Blockchain solutions. 
 
"I am confident that this acquisition and the worldwide exposure it will 
achieve for RSK and RIF OS will accelerate the commercial development of RSK 
and positively impact the adoption and value of the RIF token." 
 
(*) Source: https://www.ethnologue.com/language/spa [1] 
 
Announcement released by IOVLabs 
 
IOVLabs Brings RSK Technology to 30 Million Users Social Network by 
Acquiring Taringa 
 
IOVLabs, the creator of the RSK Bitcoin Smart Contract platform and the RIF 
token, announced today the acquisition of Taringa, the top Spanish-speaking 
social network in the world with 30 million users and over 1,000 active 
online communities. 
 
Having access to Taringa's user base will provide the company with 
invaluable information and data to test and distribute new decentralized 
infrastructure and apps powered by the RSK platform and the RIF token at a 
large scale. 
 
Jointly with Taringa's leadership, the company plans to create innovative 
consumer products and services for its communities, using RSK's 
decentralized infrastructure. 
 
Diego Gutierrez Zaldivar, CEO of IOVLabs, commented: "Blockchain is powerful 
technology, but it needs mass adoption to create meaningful value. This 
acquisition puts us at the forefront of adoption in distributed ledger 
technologies. Having access to such a large community will also be 
invaluable for gathering quick feedback from users of all the RIF-powered 
tools and protocols we are launching in the near future. We see Taringa as 
the first step towards massive adoption of both RSK and RIF platforms, and a 
great step forward for our long term vision of empowering individuals 
through decentralization. We can't wait to share more news about the first 
products very soon, as we continue building the Internet of Value". 
 
Matías Botbol, CEO of Taringa, commented: "We are very excited about joining 
forces with the creators of RIF and RSK, as we truly believe that our users 
and communities should benefit from the contributions they make to our 
social network. We are already building our first tool to allow Taringa 
users to get rewarded by being active participants in their communities. 
Once this is in place, we envision adding more features, including 
peer-to-peer token exchanges, a marketplace for other dApps to start 
offering products and services to our users, and more. Our ultimate goal is 
to create a new open, decentralized Internet that respects individual's 
freedom of speech and privacy". 
 
IOVLabs has been forging partnerships and developing decentralized 
infrastructure and products since the launch of the RSK mainnet in January 
2018 and the release of the RIF 
 
Token in November 2018. The company, headquartered in Gibraltar, has a 
global footprint with offices in Buenos Aires, Montevideo, Shanghai, 
Singapore, and an innovation studio in 
 
San Francisco. 
 
For press inquiries: press@iovlabs.org 
 
https://www.iovlabs.org/press/pr/IOV_PressRelease_Taringa_English.pdf [2] 
 
The Directors of Coinsilium Group Limited take responsibility for this 
announcement. 
 
                      For further information, please contact: 
 
         Coinsilium Group Limited +44 (0) 7785 381 089 
 
Malcolm Palle, Executive Chairman   www.coinsilium.com 
 
                 Eddy Travia, CEO 
 
       Peterhouse Capital Limited +44 (0) 207 469 0930 
 
          Guy Miller / Mark Anwyl 
 
 (NEX Exchange Corporate Adviser) 
 
               SI Capital Limited +44 (0) 1483 413 500 
 
                     Nick Emerson 
 
                         (Broker) 
 
                 Yellow Jersey PR +44 (0) 20 3004 9512 
   Chris Flame / Dominic Barretto 
 
                        (PR & IR) 
 
About Coinsilium 
 
Coinsilium is a venture builder, investor and advisor, supporting 
early-stage blockchain technology companies and the digital token economy. 
As the first ever IPO of a blockchain company in 2015, Coinsilium harnesses 
its experience and wide-ranging network to invest in some of the world's 
leading blockchain projects such as RSK/IOVLabs, Indorse, Blox and Factom. 
 
Coinsilium shares are traded on NEX Exchange Growth Market, the primary 
market for unlisted securities operated by NEX Exchange, a Recognised 
Investment Exchange under the Financial Services and Markets Act 2000. 
 
For further information about Coinsilium please visit www.coinsilium.com 
 
About IOVLabs 
 
IOVLabs is a purpose driven organization focused on developing the platforms 
needed for a new blockchain-based financial system that will enable 
worldwide financial inclusion and bridge the gap between these nascent 
technologies and mass adoption. 
 
The organization currently develops the most popular implementations of the 
RSK Smart Contract Network and RIF OS platforms. RSK Network is the most 
secure Smart Contract platform in the world, as it relies on Bitcoin's hash 
power. RIF OS protocols are a suite of open and decentralized infrastructure 
protocols that enable faster, easier and scalable development of distributed 
applications (dApps) within a unified environment to enable mass adoption of 
Bitcoin and RSK. 
 
For further information about IOVLabs please visit: https://iovlabs.org/ [3] 
 
About Taringa 
 
Taringa! is the most visited Spanish-speaking entertainment and knowledge 
site in Latin America and Spain with a broad range of content, where users 
share information, news, videos and links. With more than 30 million 
registered members, 13 million active users monthly and 1000 active 
communities, Taringa! is the largest social media network in 
Spanish-speaking countries. 
 
For further information about Taringa please visit: https://www.taringa.net/ 
[4] 
 
ISIN:          VGG225641015 
Category Code: MSCM 
TIDM:          COIN 
Sequence No.:  21675 
EQS News ID:   881945 
 
End of Announcement EQS News Service 
 
 
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(END) Dow Jones Newswires

September 30, 2019 02:00 ET (06:00 GMT)