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

ChainCatcher news, according to the Financial Times, as the UK's attitude towards the crypto industry becomes increasingly friendly, a UK crypto company plans to list on the London Stock Exchange, marking the first listing of a digital asset company in recent years.

KR1, based in the Isle of Man, primarily engages in cryptocurrency "staking" and now intends 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 to be listed" and expects more crypto companies to follow suit. He emphasized that KR1, with a market capitalization of approximately £56 million, is "the first digital asset company to truly list in London, not just a financial wrapper." Due to stricter rules of the London Stock Exchange, KR1 has hired additional auditors and expanded its board. It is reported that the transfer plan will be completed next month.