Isle of Man-based crypto staking firm KR1 is set to make a significant transition by seeking a listing on the London Stock Exchange (LSE).
The company aims to move its listing from the smaller Aquis Exchange to the main LSE market next month, as reported by the Financial Times. Keld van Schreven, co-founder of KR1, emphasizes that this marks a pivotal moment, stating that while some digital asset treasury firms are already listed on the LSE, KR1 will be the “first genuine digital asset company to join the LSE that isn’t just focused on financial engineering.”
To comply with the LSE’s more rigorous regulations, KR1 has appointed an auditor and expanded its board. With a market capitalization of approximately £56 million, the firm has made over 100 investments in early-stage digital asset tokens alongside its staking initiatives.
Van Schreven highlights an evolving landscape, noting that the Financial Conduct Authority (FCA) is becoming increasingly supportive of crypto businesses. “They’ve significantly increased their internal resources and dedicated efforts toward this asset class,” he remarked in the Financial Times.