coinIX GmbH & Co. KGaA
coinIX GmbH & Co. KGaA : Blockchain investor coinIX invests in Florence Finance, a DeFi protocol enables funding of SMEs with crypto loans

Hamburg, April 4th, 2022 – The Hamburg based investment company coinIX GmbH & Co. KGaA, which specializes in investments in digital assets and blockchain technology, invests in Florence Finance.

Florence Finance is a protocol that enables financing platforms for small and medium-sized enterprises (SMEs) to gain access to crypto liquidity through decentralized finance and crypto loans.

With this bridge between the real economy and the crypto world, Florence Finance creates a solution for two problems. First, there is a large funding gap for loans for small and medium-sized enterprises, which amounts to one trillion EUR in Europe alone. Second, there is little sustainable revenue opportunity in the crypto space from issuing loans backed by real assets.

To this end, the team behind Florence Finance is working with existing lending platforms for SMEs. To improve the protocol’s further usability, integrations with existing decentralized finance protocols such as MakerDAO, Compound and AAVE will be worked on in the future.

Chiel Ruiter, Founder of Florence Finance: “DeFi is a Cambrian explosion of innovation that has created the building blocks of the financial system of the future and battle tested them within the crypto domain. The time has come to take these tried & tested building blocks and connect them to real world lending and financial markets, these will be the new frontiers of DeFi and Florence Finance aims to be a trailblazer in that regard in Europe for SMEs.”

Susanne Fromm, CEO of coinIX: “For us, DeFi is one of the most exciting topics when we talk about blockchain. But so far, traditional and decentralized finance are like two parallel universes. In the future, we believe that the biggest opportunities lie in aligning and bridging these two worlds. Florence Finance is working to unlock that potential and add value to both the traditional and decentralized finance worlds.”

Press contact: Susanne Fromm, CEO, sf@coinix.capital, +494035676758
Investor Relations: Felix Krekel, CFO, fk@coinix.capital, +494035676758

About coinIX
The coinIX GmbH & Co. KGaA was founded in Hamburg in 2017 as an investment company to build up expertise in the area of blockchain technology and crypto currencies as well as in the analysis, acquisition and management of digital assets. The coinIX team consists of specialists with many years of experience in asset management, venture capital and in the analysis of new technologies. coinIX invest via equity participations or by taking positions in virtual currencies including SAFTs. The company has made more than 40 investments to date. The company’s shares are listed in the open market of the Dusseldorf Stock Exchange (ISIN DE000A2LQ1G5). www.coinix.capital