KR1 targets the cutting edge of blockchain technology

  • KR1 invests in Bitcoin-backed asset developer Interlay
  • KR1 present investments in Karura and Shiden blockchain network

Quick facts: KR1 PLC


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KR1 is a leading digital asset investment company supporting early-stage decentralised and open source blockchain and DeFi projects.

Founded in 2016 and publicly traded in London on the APX segment of the AQSE Growth Market, KR1 has built a notable reputation for generating significant returns by investing in many key projects that are designed to power the decentralised platforms and protocols that are emerging to form new internet infrastructures.

30 Jul 2021

() said it has invested US$269,892 into Interlay Ltd in return for 1,224 series seed shares in the group.

The digital asset investment firm said it invested alongside other backers such as IOSG Ventures, who led the round, and others including Hypersphere, Zee Prime Ventures and CMS Holdings.

Interlay is currently focused on building its flagship project, known as ‘interBTC’, a fully collateralised one-to-one Bitcoin-backed asset that enables interoperability between multiple blockchain ecosystems while preserving what it says is Bitcoin’s “censorship-resistant nature”.

interBTC leverages the concept of trustless and efficient cross-chain exchanges using cryptocurrency-backed assets introduced in previous research published by Interlay, KR1 said, adding that the project will launch as a parachain on the Polkadot network and, once launched, will be utilised on Ethereum, Cosmos, Kusama and other networks through Polkadot’s interoperability technology.

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30 Jul 2021

() said late Thursday it invested US$100,000 in the RedStone project in a financing round in return for a yet-to-be-determined amount of RedStone tokens.

RedStone is a next-generation cross-chain data oracle technology offering access to data, a full historic audit trail and an insurance-backed decentralised dispute mechanism that provides users with recourse in the event of inaccurate data provision.

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08 Jul 2021

() has unveiled three new investments as well as the launch of a new company website.

The digital asset investment firm said it has invested a total of US$100,000 in iTrust in a seed funding round in return for a yet-to-be-determined amount of iTrust (ITG) tokens.

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11 Jun 2021

‘s () George McDonaugh caught up with Proactive London after participating in a crowdloan for the Shiden Network, a smart contract platform that acts as a research and development chain of the Plasm Network.

He also explains their role in the crowdloan for Karura, a scalable Ethereum virtual machine (EVM) blockchain network and will also be taking part in a parachain auction for Kusama, a Polkadot-based blockchain network.

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