Digital asset technology group KR1 has announced its intention to list publicly on the main market of the London Stock Exchange, having identified the “growing role” of the technology in the finance industry.
KR1’s primary income driver is through its crypto staking operations, a process which leverages held cryptoassets to validate transactions on blockchain networks.
In its latest financial results, for the year ended December 2024, it generated £12.8m from staking, up from £6.9m the year before.
The company is already publicly listed through the Aquis, a challenger stock exchange owned by Swiss bourse firm Six Group, which it joined in 2017.
KR1 said it would be able to access greater visibility and a larger pool of institutional investors to broaden its base through a listing on the London Stock Exchange.
The firm’s directors have noted that the “growing role” of decentralised networks in the “global financial system”.
“This marks a significant milestone in KR1 plc’s journey and strengthens the Company’s well established position in London,” said co-founders and managing directors George McDonaugh and Keld van Schreven in a joint statement.
“As decentralised networks are starting to form a growing role in parts of the global financial system, KR1 plc bridges London’s capital markets with the expanding and maturing digital asset economy.”
