KR1’s move comes at a time when decentralised blockchain companies have gained a strong foothold in the global financial system and are of great interest to institutional investors.
The UK, which has one of the fastest-growing crypto markets globally, has been revising regulations and positioning itself as a hub for the maturing sector.KR1, currently listed on the Aquis Stock Exchange, said it would also establish a placing programme to issue new shares to expand its staking operations, which involve validating transactions on blockchain networks in exchange for rewards.The company’s stock migration is subject to approval of a prospectus by the Financial Conduct Authority and shareholder approval.
(Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu)
