KR1 PLC (LON:KR1), the blockchain and digital asset investor, has appointed Rhys Davies as non-executive chairman as of today.
Davies joined KR1 as non-exec director in December 2020 and KR1 said it is now time in its development formally to appoint him as chairman, given the sustained growth in the digital asset sector and the company’s aspirations going forward.
Davies said: “The exceptional track record of returns generated by the KR1 investment and research team is a function of their singular investment thesis and their skill in executing it through the vagaries of the digital asset investment cycle.
“As a company, we are now developing the requisite support and oversight functions that will enable the investment and research team to continue executing their strategy in a way that is commensurate with a larger asset base.”
George McDonaugh, KR1's managing director added: “Rhys perfectly understands the vision for KR1 and the rapidly changing and volatile space the Company operates in.”