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Why invest in KR1?
KR1 PLC: DEEP DIVE
OVERVIEW

KR1 aims to capitalise on blockchain revolution

Founded in 2016, the company has invested in a number of projects that it believes will power the development of the decentralised blockchain infrastructure
Blockchain
OVERVIEW: KR1 The Big Picture
The firm netted US$205,851 from the sale of its stake in blockchain-based finance network OmiseGo

• Digital asset manager
• Supports blockchain-based technologies
• Traded on the NEX exchange

What KR1 does

KR1 PLC (LON:KR1) is a digital asset manager the supports early stage companies developing blockchain-based technologies and services.

Founded in 2016, the company has invested in a number of projects that it believes will power the development of the decentralised blockchain infrastructure.

The company is currently listed on the NEX exchange in London.

Inflexion Points

• In May, the company said it was “significant revenues” from its investment in Cosmos, a major ‘proof-of-stake’ network in its portfolio

• In April KR1 netted US$205,851 from the sale of its stake in blockchain-based finance network OmiseGo, which it described as one of its “most successful investments to date”. The firm said it had sold its remaining OmiseGo tokens at an average price of US$2 each, a 650% increase on the original purchase price of US$0.27

• The company also sold 25,000 tokens of its holding in the Nash Exchange, a blockchain-based digital asset exchange, for an average price of US$2 each, a 103% premium on the purchase price of US$1 each

• At the start of 2019 the company invested US$250,000 into new ventures comprising a data collaboration framework and a decentralised exchange platform

Blue Sky

KR1’s chief executive George McDonaugh said in April that innovation in the blockchain space had continued throughout the recent year despite a “bear market” and that recent investments had generated “significant returns” and would allow the firm to “capitalise on the current positive shift in market sentiment”.

“In line with KR1's strategy to stay nimble and back the very best projects in the space, we aim to time our exits when the time is right in order to achieve considerable returns on our investments."

With shares trading at around 9.7p as of 14 May, KR1 carries a market cap of £13.2mln.

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KR1 PLC Timeline

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