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 British crypto company plans to list on the London Stock Exchange, marking the first listing of a digital asset company in recent years.

Based in the Isle of Man, KR1, which specializes in cryptocurrency "staking," 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 go public," and he 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 packaging." Due to stricter rules at 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.