British crypto firm KR1 is the latest to seek listing on a major stock exchange, specifically the London Stock Exchange, as it looks to cement its position with the traditional market and enhance shareholder value.
KR1 expects to be listed by next month, with Co-founder Keld Van Schreven calling it “a starter gun for this new asset class on the LSE” in a conversation with the Financial Times.
He added that more digital asset firms could follow suit, viewing KR1’s transition as a bellwether for deeper crypto integration into London’s financial core.
With a market capitalisation of roughly £56 million, or around $75 million, KR1 will become the first “authentic digital asset company” to get listed on the LSE’s main market.
KR1 is headquartered in Douglas, Isle of Man, and is currently listed on the smaller Aquis Stock Exchange, so this transition to the LSE would allow the company access to deeper capital pools.
Founded in 2014, KR1 has carved out a reputation as an early-stage investor in blockchain protocols.
Unlike many public companies that primarily hold digital assets like Bitcoin, KR1 focuses on strategic investments in blockchain infrastructure and decentralised technologies, having backed more than 100 projects to date.
A huge portion of the company’s revenue is generated from its staking activities, with Ethereum and Polkadot among its core holdings.
Schreven has confirmed the company will be “doubling down” on staking as a long-term revenue stream.
UK recalibrates crypto stance
Over the past years, regulators in the UK have taken visible steps to modernise financial frameworks, including granting permissions for crypto exchange-traded products to begin trading on the LSE.
Authorities are also laying the groundwork for a broader digital asset regime, with full implementation expected in 2026.
Meanwhile, the UK’s Financial Conduct Authority has accelerated its registration process for crypto firms in recent months by cutting average approval times that would once have taken more than a year.
Once seen as a bottleneck for innovation, the regulator is now engaging more directly with applicants and has offered clearer pre-application guidance alongside hosting public roundtables to reduce friction in the approval pipeline.
At an international level, the UK is working closely with the United States through the newly formed Transatlantic Task Force for Markets of the Future, which has been tasked with drafting shared proposals on digital asset regulation and capital-market reform within a six-month window.
Efforts to define stablecoin oversight are also underway, with a joint resolution regime being crafted by the BoE and the UK Treasury.
At the same time, the Bank of England is taking a more cautious approach to systemic risks that stem from stablecoin use.
BoE Deputy Governor Sarah Breeden has confirmed the BoE’s intention to keep the current holding caps for fiat-pegged digital assets in place until the central bank is confident they do not threaten the credit creation role of commercial banks.
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