British crypto company KR1 has revealed intentions to move its shares to the primary market of the London Stock Exchange (LSE), as reported by
Keld Van Schreven, KR1's co-founder, described the move as "the starting signal for this emerging asset class on the LSE," noting that the UK's regulatory stance is increasingly supportive of cryptocurrencies. With a valuation near £56 million ($75 million), KR1 would be the first "genuine digital asset company" to be listed on the LSE, setting it apart from companies that simply hold cryptocurrencies such as
The UK's regulatory changes are part of a broader international race in the crypto industry. The Bank of England (BoE) has also updated its approach to stablecoin reserves, reconsidering earlier limits on corporate holdings of fiat-backed tokens. The BoE had initially capped corporate stablecoin reserves at £10 million ($13 million), but now plans to allow exceptions for companies needing larger amounts, a shift influenced by the U.S. GENIUS Act, which offers clearer guidance for digital asset businesses, according to Cointelegraph.
KR1's planned move to the main market comes at a time when crypto companies face a varied environment on the LSE. While KR1 is pursuing a more prominent listing, Argo Blockchain—a Bitcoin mining company—intends to leave the LSE in December 2025 as part of a debt restructuring that will transfer 87.5% ownership to its main creditor, Growler Mining. Argo's exit illustrates the difficulties crypto firms encounter in the UK, where regulatory uncertainty and market fluctuations continue to pose challenges, as detailed in its
The UK's regulatory approach to crypto differs from that of the U.S., though both countries are working to establish clear rules. The U.S. has taken a more enforcement-focused route under President Biden, while the UK has opted for a gradual, measured strategy. However, the Financial Services and Markets Act (2023) in the UK has started to bridge regulatory gaps, bringing stablecoins and digital assets under formal oversight and granting the FCA authority over key areas such as staking and trading, as reported by
KR1's decision demonstrates its trust in the UK's changing crypto landscape. By concentrating on staking—earning incentives for confirming blockchain transactions—the company is well-placed to benefit as the industry matures. Since its founding in 2014, KR1 has completed over 100 investments in digital assets and now seeks to leverage the UK's regulatory progress and growing institutional interest in decentralized finance, according to Cointelegraph.
As the LSE gets ready to admit more crypto-related companies, the regulatory climate will remain a crucial consideration. The FCA's forthcoming 2026 regulations on stablecoin issuance and crypto asset custody are expected to influence the industry's direction, balancing innovation with investor safeguards, as noted by Cointelegraph and CoinGeek. For now, KR1's move to the main market marks a significant milestone in the UK's efforts to establish itself as a global leader in digital asset markets.
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