Bitcoin firm Coinsilium files for listing on London Stock Exchange

A Bitcoin data blockchain company called Coinsilium recently revealed to the outside world that they are applying for listing on the AIM market of the London Stock Exchange, claiming that this will be the first such company to be listed on the London Stock Exchange.

London is one of the world's top financial centers, and the UK is the world's second largest innovative country. Although the financial system has been recovering from a serious illness in recent years, the enthusiasm for "financial technology" is extremely high.

If two years ago people's main focus was on how Bitcoin, as a digital currency, posed a challenge to traditional financial markets, now people are even more interested in the decentralized network settlement technology that is crucial in Bitcoin transactions - the "blockchain".

Eddy Travia, one of the founders of Coinsilium, said that in 2014, about $330 million was invested in Bitcoin and "data blockchain" companies, and another $373 million was invested in the first half of this year. Currently, financial institutions in the City of London, including the Bank of England, Barclays, UBS, Goldman Sachs, etc., have established "data blockchain" innovation laboratories, research projects or founding funds, and have expressed strong interest in digital currency and data blockchain.

It is understood that the "data blockchain" technology will bring a revolutionary impact to the banking and financial industries. Because this technology can achieve the same effect as other traditional financial transactions, but can reduce a lot of transaction costs. Spain's Santander Bank recently released a report saying that by using the new "data blockchain" technology, generally speaking, by 2022, financial institutions can reduce the infrastructure costs of banks and cross-border payments, securities transactions and policy compliance by $20 billion each year.

In recent years, more and more technology and creative companies have quietly gathered in Shoreditch, which is adjacent to the financial city. Johnson , the mayor of Greater London, simply "circled" a "tech city" in this area. The combination of the financial city and the technology city gave birth to a "fintech city" in the same area.

The latest technology, such as "data blockchain", which combines traditional finance with the latest technology, is really exciting and fascinating. Many people in the industry also believe that a disruptive change is quietly happening in the financial industry.

George Osborne , the British Chancellor of the Exchequer, who was born in the 1970s , is extremely enthusiastic about financial technology. In August last year, he promoted the establishment of the "financial technology" industry organization "Innovation Finance". In the 2015 pre-election budget in March this year, he also allocated 10 million pounds to study digital currency.

At the same time, digital currencies, data blockchains, and smart contracts recognized by institutions such as the Bank of England, the UK Revenue and the UK Financial Conduct Authority are all new business models with huge business opportunities and potential, rather than a threat to traditional finance.

Coinsilium's listing will mark that "data blockchain" will be brought into a larger pool of funds and opened to a wider range of investors. This is also an area that venture capital from Silicon Valley is particularly keen on.