Kr1 Plc - KROEF stock
Kr1 Plc (OTC: KROEF, AQSE: KR1) is a company that operates in the digital assets industry and crypto markets. The company was established in 2016 with the mission to become Europe’s premium blue chip company providing exposure to crypto in the public markets. The shares of Kr1 Plc are listed on the APX segment of the AQSE Growth Market (UK). When Kr1 Plc was started in 2016, it was one of the world’s first institutional digital asset investment vehicles. At the time of incorporation, the digital asset market was at its introductory phase, with Ethereum having only been recently launched and BTC at US$412. The company has been an early investor in many foundational projects in the emerging digital assets industry. The portfolio of KR1 plc includes a mix of liquid and stakeable digital assets, stakes in yet-to-be-launched decentralized networks, and a small percentage of shares in blockchain start-ups. In comparison to some private crypto funds, KR1 plc is completely transparent and flexible with all of its investments and announcements publicly declared.[1]
The management team at Kr1 Plc includes George McDonaugh (MD and Co-Founder), Keld Van Schreven (MD and Co-Founder), James Berghorn (Head of Research), and Rhys Davies (Chairman and Non-Executive Director). Both the co-founders have been involved with crypto markets since the past 8 years.[2]
Kr1 Plc has also made investments in early-stage decentralized and open-source blockchain projects. The company focuses on funding strong entrepreneurs for developing innovative decentralized networks, projects or protocols at the earliest possible stages, in particular during Pre-Seed, Seed and Series A funding rounds. Some of the early investments of Kr1 Plc include Proof-of-Stake blockchain networks, such as Polkadot, Cosmos, and Ethereum. The company has made over 50 investments till date. The company is also generating revenue from staking the yield of its revenue on a continuous basis. The staking allows Kr1 Plc to earn additional revenue without committing any resources or incurring a cost.[3]
On June 02 2021, Kr1 Plc announced a further investment of US$200,000 into its portfolio project Automata in exchange for 5mln ATA tokens. This funding round from Automata also included participation from IOSG Ventures and Jump Trading. Kr1 Plc has invested for the 2nd time in Automata, with earlier participation in the seed round in March 2021. The company now holds a total of 15mln ATA through its participation in both rounds. Automata Network is a decentralized service protocol that provides a privacy middleware layer for multiple platforms to achieve privacy, high assurance and frictionless computation. “From Automata’s technical progress to the partnerships made one after the other with the industry leading projects, it is apparent that Automata has both the vision and the ability to execute,” said Keld van Schreven, managing director and co-founder of KR1, in a release.[4]
On Feb 03 2022, Kr1 Plc announced that it has staked US$5mln into Starry Night Capital, an investment fund focused on high-profile NFTs. “The investment in Starry Night provides KR1 and its shareholders the best possible exposure to the booming but still nascent NFT market category,” managing director George McDonaugh said in a statement. The investment in Starry Night has been made through a subscription of shares in Three Arrows Fund Ltd, which launched Starry Night alongside pseudonymous NFT collector ‘Vincent Van Dough’. This investment expands the digital assets portfolio of Kr1 Plc.[5]
- ↑ KR1 - Home
- ↑ KR1 - About
- ↑ KR1 PLC Annual Report and Financial Statements for the year ending 12/31/2020.
- ↑ KR1 says portfolio project Automata completes US$2.4mln strategic funding round. Proactive Investors. June 2, 2021
- ↑ KR1 backs in NFT investment venture Starry Night Capital. Proactive Investors. February 3, 2022
OTC Symbol: KROEF | OTC Tier: Pink Current
