Koine Money Ltd (11265844): administration
- Status
- Administration ended
- Administration began
- 2021-02-19
- Administrators
- Hugh Francis Jesseman, William Antony Batty
- Administrators' firm
- Antony Batty
- Incorporated
- 2018-03-20
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
- COVID-19
- Over-expansion / investment not recovered
From the administrators' statement
Koine Money Limited (“the Company” or “Koine”) was incorporated on 20 March 2018. In June 2019, Koine launched its custody and settlement solution for digital assets and fiat money. Koine is the operational company and a wholly owned subsidiary of Koine Finance Ltd (“KFL”).
Koine is a registered business based in London (UK), and was established by experienced entrepreneurs with technology, banking, and capital markets experience. The Company operated at banking grade governance since July 2018, the team consisted of 50+ professionals.
Koine was created in order to provide a secure, easy to use institutional custody, settlement and cash management service for the new generation of digitised assets.
Administrators' statement of proposals (2021-04-22) · Companies House register