Summary
- Staking firm KR1 said it will list on the London Stock Exchange on the 26th.
- KR1 said it operates its business based on staking rewards, asset management, and venture investments.
- The company said it set medium- to long-term goals of expanding access to institutional investors and achieving a market capitalization of 500 million pounds.
Staking firm KR1 is listing on the London Stock Exchange.
On the 26th (local time), crypto-focused media CoinDesk reported that KR1 will begin trading on the London Stock Exchange from that day.
Unlike most digital asset treasury companies that buy and hold assets such as Bitcoin and Ethereum, KR1 operates its business based on staking rewards, asset management, and venture investments.
KR1 expects business expansion through the LSE listing, including increased access to institutional investors, expanded infrastructure partnerships, and staking education for traditional investors. The company plans to increase its market capitalization in the medium to long term from the current 50 million pounds to 500 million pounds (about $658 million).
Keld van Schreven and George McDonagh, KR1 co-founders, described the LSE listing as "a decision reflecting a mature market environment and a business model with long-term resilience."
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