Former Bank Hapoalim CEO Zvi Ziv, former Psagot Investment House CEO Gabi Ravid and former Textile Golf CEO businessman Eli Mizrah (former Bank Hapoalim executive) list Silver and Digital Castel’s bitcoin and digital assets.
The move will be made in a merger deal with the biotechnology company ICB, whose shares are listed on the stock exchange at a value of NIS 50 million (before the merger). In return, 75% of the merged company’s shares will be allotted to Silver Castel shareholders, upon completion of the transaction in three months.
In addition, they have pledged to raise an additional NIS 6 million by then. Bitcoin activity has already been introduced on the stock exchange in two additional merging transactions of a listed company: Kaman Capital, which was acquired by Moshe Hogg, and White Smoke.
Silver Castel will offer capital market investors investment opportunities in digital assets in a safe and professional manner. Listing on the stock exchange will create a change of consciousness and regulate the field of digital currencies in Israel. The merger transaction is accompanied by Sable Investments, the law firm of Katzenel Diment and the law firm of Zitbar Glaur. ICB specializes in creating collaborations with Chinese companies. The company is controlled by Chinese entrepreneur Huang Zinjis and is managed by Andrew Zun.
Silver Castel Investment House was founded in 2018 by Eli Mizrah (CEO), Zvi Ziv (Chairman), Gabi Ravid, Chen Munitz, Rami Beinisch and Danny Zilbiger. The investment house allows its clients convenient, easy and safe exposure to digital assets by active hedge funds that specialize in the field.
The company is also examining a number of other avenues, including Bitcoin-backed loans, R&D in advanced trading strategies and investment products for institutional customers. Bitcoin has recorded an 85% increase since the beginning of 2021. But despite its popularity, the field is still in its early stages. Investors in Israel hold digital currencies At a value of about NIS 1.5 to 2.5 billion.
Source: Maariv.co.il – כלכלה בארץ by www.maariv.co.il.
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