UK cryptocurrency company KR1 has confirmed it is planning to list on the main market of the London Stock Exchange.

The group said the intended migration of its ordinary shares from the Aquis market to the London Stock Exchange would take place next month.

KR1 generates income from crypto assets through staking operations by participating in proof-of-stake blockchain networks, either independently or through third-party staking infrastructure service providers. By staking digital assets, the company helps to secure these networks by supporting transaction validation and contributing to decentralisation, and in return receives staking rewards.

In the financial year to 31 December 2024, KR1 reported income of £12.8m from staking activities, which was an 86.4% jump on its FY23 income of £6.9m.

KR1’s board of directors have suggested the move to the main market, which remains subject to approval by the Financial Conduct Authority, can provide greater visibility, increase access to institutional investors, and support its long-term strategy to deliver sustainable shareholder value.

A joint statement from managing directors and co-founders of KR1, George McDonaugh and Keld van Schreven, said: “This marks a significant milestone in KR1’s journey and strengthens the company’s well-established position in London.

“As decentralised networks are starting to form a growing role in parts of the global financial system, KR1 bridges London’s capital markets with the expanding and maturing digital asset economy.”

The company’s strategy is to expand its existing staking operations through compounding the digital assets it generates, acquiring additional staking assets, investing in companies and assets in the digital asset sector and potentially entering relevant partnerships or joint ventures.

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