26 July 2023
KR1 plc
("KR1" or the "Company")
Investment: Side Protocol
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to announce that the Company has invested a total of
Side Protocol is a distributed mesh liquidity system that utilises innovative inter-blockchain asset exchange application protocols. Unlike liquidity hubs, Side Protocol aims to decentralise liquidity between diverse blockchain networks in a bridgeless manner while maintaining interconnectivity.
George McDonaugh, Managing Director and Co-Founder of KR1:
“Side Protocol has ambitious plans when it comes to leading the way for decentralised finance. Thanks to its innovative mesh liquidity network architecture, Side Protocol has seen significant interest recently and we are excited to support the team in this next chapter.”
The Directors of KR1 plc accept responsibility for this announcement.
--ENDS--
For further information please contact:
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KR1 plc
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+44 (0)1624 630 630 |
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Peterhouse Capital Limited (AQSE Corporate Adviser) |
+44 (0)20 7469 0930 |
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FTI Consulting LLP (PR Adviser) Maxime Lopes Lynn Begany
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+44 (0)7711 387 085 |
About KR1 plc
KR1 plc is a leading digital asset investment company supporting early-stage decentralised and open source blockchain projects. Founded in 2016 and publicly traded in
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).
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