In May 2021, RSK Network announced it had surpassed Lighting Network (LN) total value locked in Bitcoin (BTC), and at the time stood at 1,445 BTCs locked. The latest milestone was another sign of a strong appetite among users for the Decentralized Finance (DeFi) sector.

The RSK smart contracts platform had over 259,000 transactions, 50,000 active accounts and reached an all-time high of 72% hashing power during April 2021. The number of solutions and integrations in the RSK DeFi ecosystem has experienced significant growth over April - May 2021.

In May 2021, Settle announced RIF's integration with Latamex, the incoming and outgoing fiat to crypto payment platform. Thanks to this partnership, RIF Token will be available to all users in Argentina, Brazil and Mexico through Latamex. RIF (RSK Infrastructure Framework) integrates with Latamex displaying a simple and customizable user interface to guide the user through the KYC and payment steps. After the user completes the payment flow and the payment clears, digital assets are sent to the user's wallet or fiat funds are sent to the user's bank account. This process is quick and easy for users, as no further processing is required.

In June 2021, The Crypto Hall of Fame selection committee announced the twelfth member of the Crypto Hall of Fame: Diego Gutiérrez Zaldívar. Diego is a co-founder of RSK, the first smart contract platform built on Bitcoin that made it fully programmable and is also a co-founder of the Bitcoin Argentina Foundation and the Ibero-American Blockchain Alliance. The Crypto Hall of Fame was launched in April 2021. It celebrates major contributors to the blockchain industry with portraits designed by Max Cryptohead.

Coinsilium's interest in IOV Labs: Coinsilium shareholding of 65,000 series Seed 1 RSK shares was converted to RIF tokens by way of a 'share for token' swap as announced on 19 November 2018. Coinsilium will receive approximately 1,951,846 RIF tokens over the stated vesting period.

StartupToken

StartupToken has been based in Singapore since 2019. (Coinsilium holds 30% equity stake in StartupToken)

In early 2020, StartupToken started working on a new service, a Bitcoin storage and payment card called Census described as 'Census Smart Card and Wallet', an NFC powered smart bitcoin card, storing coins with military grade protection, without compromising convenience and usability, making the experience of buying and storing bitcoin as simple as possible.

In August 2020, StartupToken Singapore entered into an agreement with a Hong Kong company for the provision of marketing, technological development and support services in relation to the launch of Minty.Art, a digital art patronage platform. As consideration for this agreement, StartupToken Singapore has been awarded an allocation of 15m Minty platform utility tokens ("Minty Tokens") at an issue price of USD0.20, worth approx. USD6.75m at the market value of Minty tokens on 30 June 2021.

Throughout the first quarter of 2021, StartupToken's focus was on the marketing and technological development of Minty.Art. On 16 June 2021, Minty.Art announced its deployment on Polygon (formally Matic Network), a scaling solution and framework for building and connecting Ethereum-compatible blockchain networks. Minty.Art is leveraging the benefits of Polygon to deploy its NFT platform for art trading and sponsorship.

In June 2021, Samourai Coop, a French film production studio, announced the release of its latest movie in parallel with a sale of exclusive digital collectibles on Minty.Art. The 80-minute Indie film follows the efforts of Pascal Boyart, known in the art world as Pboy, and a team of volunteers to turn an abandoned gold foundry near Paris into a contemporary Sistine Chapel. The volume of trading of PBoy's NFTs has passed the ETH 1,000 mark across several NFT marketplaces.

Assessed value of Minty tokens allocated to StartupToken at 30 June 2021 (USD0.4895): USD7,342,500 or GBP5,318,145

Total value of Minty tokens allocated to StartupToken at token issuance price 13 May 2021 (USD0.20): USD3m or GBP2,195,690

Assessed total value of StartupToken at 30 June 2021: GBP6,084,630

(Total value of StartupToken at 31 December 2020: GBP3,398,707)

Assessed value of Minty tokens attributable to Seedcoin at 30 June 2021 (USD0.4895): USD2,202,750 or GBP1,595,444

(Value of Minty tokens attributable to Seedcoin at 31 December 2020: USD900,000)

Assessed total value of investment at 30 June 2021: GBP1,825,389

(Total value of investment at 31 December 2020: GBP1,019,613)

Malcolm Palle

Executive Chairman


                                                                                                             6 months 
                                                                                          6 months to 30    to 
                                                                                          June 
                                                                                     Note                    30 June 
                                                                                           2021 
                                                                                                             2020 
                                                                                           Unaudited 
                                                                                                             Unaudited 
                                                                                          GBP                 GBP 
 
Revenue from contracts with customers                                                     79,677            140,230 
 
Cost of sales                                                                             -                 - 
 
Gross Profit                                                                              79,677            140,230 
 
Administrative expenses                                                                   (416,279)         (314,207) 
 
Gain/(loss) on other current assets                                                       24,216            102,433 
 
Net fair value gains/(losses) on financial assets at fair value through profit or         792,516           98,994 
loss 
 
 
                                                                                          (147,628)         - 
Investments write-off 
 
 
Profit/(Loss) before Income Tax                                                           332,502           27,450 
 
Financial Income                                                                          6                 22 
Financial Expenses                                                                        (3,263)           (941) 
Forex Gain/(Loss)                                                                                   (2,637) - 
 
Profit/(Loss) for the Period from Continuing Operations Attributable to Owners of         326,608           26,531 
the Parent 
                                                                                          ___________       ___________ 
 
Other Comprehensive Income 
 
 
Items that may be subsequently reclassified to profit or loss 
 
Change in fair value of other current assets at fair value through other 
comprehensive income 
                                                                                                  739,921    - 
 
 
Total Comprehensive Income for the Period, Attributable to Owners of the Parent           1,066,529         26,531 
 
Earnings per Share 
 
                                                                                                            0.019(p) 
Basic earnings per share attributable to equity holders of the Parent                4    0.2038(p) 
 
 
 
 
                                                                                                  As at       As at       As at 
                                                                              Note                30 June     30 June 
                                                                                                  2021        2020        31 December 
                                                                                                                          2020 
                                                                                                  Unaudited   Unaudited   Audited 
                                                                                                  GBP           GBP           GBP 
Assets 
 
Non-Current Assets 
Intangible assets                                                                                 3,720       3,720       3,720 
 
Property, plant and equipment                                                                     1,886       112         - 
Financial assets at fair value through profit or loss                         5                   2,936,846   1,875,771   2,291,958 
Equity accounted investment in Joint Venture                                                      21,469      -           - 
 
                                                                                                  2,963,921   1,879,603   2,295,678 
 
Current Assets 
Trade and other receivables                                                                       157,825     376,699     203,502 
Cash and cash equivalents                                                                         1,874,192   129,212     173,298 
Other current assets                                                                              1,257,371   331,396     945,376 
 
                                                                                                  3,289,388   837,307     1,322,176 
 
Total Assets                                                                                      6,253,310   2,716,910   3,617,854 
 
 
Equity Attributable to Owners of the Parent 

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September 30, 2021 07:35 ET (11:35 GMT)