Kerman & Co and Harneys represent blockchain company Coinsilium as it plans Aim listing

Kerman & Co and Harneys are advising Coinsilium on its intention to float on Aim, as it looks to become the first UK blockchain company to go public. 

Coinsilium invests in companies developing products related to blockchain technology. Blockchain is the model on which bitcoin has been built and allows balances to be calculated and purchases verifed. 

Coinsilium is being represented by Kerman & Co consultant Michael Corcoran and solicitor David Tink. 

Meanwhile Harneys corporate partner Simon Hudd is working on the deal in London, offering advice on aspects of British Virgin Islands (BVI) law. He is supported by senior associate Ian Montgomery in BVI. 

Spark Advisory Partners and SI Capital are acting as the nomad and broker respectively, represented by Stephen Ronaldson at Ronaldsons Solicitors. 

The company is expected to release its tender announcement next Wednesday, with trading due to start in mid-August. 

Background to the deal 

Kerman & Co is already well-established in the Aim market, jumping into the top five of the Adviser Rankings last month (1 June 2015). 

However, it is not the first firm to work with bitcoin and block chain-related companies. Earlier this year, US firm Vedder Price advised on the launch of Digital Securities Exchange, the first UK company requiring bitcoin traders to comply with a raft of checks and security procedures (26 January 2015).