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

As the UK becomes increasingly friendly towards the crypto industry, a British crypto company plans to list on the London Stock Exchange, marking the first digital asset company to do so in recent years. KR1, headquartered in the Isle of Man and specializing in cryptocurrency staking, plans to transfer its listing from the small-cap Aquis Exchange to the London Stock Exchange's main board to attract more institutional investors. Co-founder Keld van Schreven described the move as "the starting gun for the listing of a new asset class" and predicted that more crypto companies would follow. He emphasized that KR1, with a market capitalization of approximately £56 million, is "the first true digital asset company to be listed in London, not simply a financial package." Due to stricter LSE rules, KR1 has hired additional auditors and expanded its board of directors. The transfer is reportedly expected to be completed next month. (Financial Times)