UK crypto company KR1 plans to list on the London Stock Exchange

ChainCatcher news, according to the Financial Times, as the UK adopts a more friendly attitude towards the crypto industry, a British crypto company is planning to list on the London Stock Exchange, which will be the first listing of a digital asset company in recent years.

KR1, a company headquartered on the Isle of Man, mainly operates in the crypto “staking” business and now plans to transfer from the small-cap Aquis Exchange to the main board of the London Stock Exchange to attract more institutional investors. Its co-founder Keld van Schreven stated that this move is like “the starting gun for a new asset class listing,” and expects more crypto companies to follow. He emphasized that KR1, with a market value of about 56 million pounds, is “the first truly digital asset company listed in London, not just a financial wrapper.” Due to the stricter rules of the London Stock Exchange, KR1 has hired additional auditors and expanded its board of directors. It is reported that the transfer plan will be completed next month.