KR1, a crypto staking company based on the Isle of Man, is preparing to move its listing from the small-cap Aquis Exchange to the main market of the London Stock Exchange (LSE).
Co-founder Keld van Schreven said The Financial Times said the move, expected to be completed next month, represents “a starter gun for a new asset class on the LSE,” adding that it expects more crypto companies.
With a market capitalization of nearly 56 million British pounds (approximately $75 million), KR1 is the “first true digital asset company” to list on the LSE, distinguishing itself from other listed entities focused primarily on holding cryptocurrencies such as Bitcoin (BTC), he said.
Founded in 2014, KR1 invests in early-stage blockchain projects and earns revenue by staking assets such as ether (Eth) and Polkadot (Dot). The company has completed more than 100 digital asset investments and is “doubling down on staking,” according to Van Schreven.
Related: Companies weigh in as UK prepares to reverse ban on crypto etn
The UK is warming up to crypto
The planned upheaval comes as the UK’s Financial Conduct Authority (FCA) signals a more accommodative stance towards crypto. The regulator recently Crypto exchange traded products are allowed To trade on the LSE and plans to implement a comprehensive digital asset framework next year.
Moreover, the Bank of England is Proposed caps are being reconsidered on corporate holdings of StableCoins, with plans to allow exceptions for companies that need larger reserves of fiat-pegged assets.
The BOE initially proposed caps on StableCoin Holdings, 20,000 pounds (about $27,000) for individuals and 10 million pounds (around $13 million) for companies. The shift comes amid global regulatory competition, particularly from The Genius Act In the US, which offers clearer rules for digital asset companies.
Related: BlackRock Launches Bitcoin ETP After UK Lift Trading Ban
Argo blockchain to delist from LSE
Meanwhile, Argo Blockchain is Delisted from LSE As part of a restructuring arrangement control of the company hands to its largest creditor. The move ends Argo’s six-year run as the UK’s number one Some traded publicly Crypto mining companies.
The Company will maintain its NASDAQ listing, subject to meeting compliance requirements, including a planned reverse stock split prior to January 2026.
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