Digital asset expertise group KR1 has introduced its intention to record publicly on the primary market of the London Inventory Change, having recognized the “rising position” of the expertise within the finance business.
KR1’s main revenue driver is thru its crypto staking operations, a course of which leverages held cryptoassets to validate transactions on blockchain networks.
In its newest monetary outcomes, for the yr ended December 2024, it generated £12.8m from staking, up from £6.9m the yr earlier than.
The corporate is already publicly listed via the Aquis, a challenger inventory change owned by Swiss bourse agency Six Group, which it joined in 2017.
KR1 mentioned it might be capable to entry larger visibility and a bigger pool of institutional traders to broaden its base via a list on the London Inventory Change.
The agency’s administrators have famous that the “rising position” of decentralised networks within the “world monetary system”.
“This marks a big milestone in KR1 plc’s journey and strengthens the Firm’s properly established place in London,” mentioned co-founders and managing administrators George McDonaugh and Keld van Schreven in a joint assertion.
“As decentralised networks are beginning to type a rising position in components of the worldwide monetary system, KR1 plc bridges London’s capital markets with the increasing and maturing digital asset economic system.”
