SINGAPORE (Aug 30): Y Ventures Group says its subsidiary, Luminore 8, has entered into a blockchain advisory partnership with Coinsilium Group.

Coinsilium is the first blockchain accelerator to list on a recognised stock exchange via an initial public offering back in 2015. It is a blockchain venture builder, advisor and investor in early-stage blockchain technology companies.

This partnership came on the back of Luminore’s initial coin offering (ICO) in July of its AORA Coins of up to US$50 million ($68.3 million). The token is expected to launch in 1H19 and seek to become the world’s first blockchain-enabled global buying platform that enables consumers to purchase real-world products from any online store and marketplace using cryptocurrencies.

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