KR1 Plc Investment: Side Protocol
26 Luglio 2023 - 12:16PM
UK Regulatory
TIDMKR1
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 US$300,000 into Side Protocol
("SIDE"). The investment took place as part of Side Protocol's pre-seed funding
round, with participation from other prominent digital asset investors.
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:
KR1 plc +44 (0)1624 630 630
George McDonaugh
Keld van Schreven
Peterhouse Capital Limited(AQSE Corporate Adviser) +44 (0)20 7469 0930
Mark Anwyl
FTI Consulting LLP(PR Adviser) +44 (0)7711 387 085
Ed Berry KR1@fticonsulting.com
Maxime Lopes
Lynn Begany
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 London on the AQSE Growth Market (KR1:AQSE), KR1 has one of the
longest and most successful track records of investment in the digital assets
space by investing in decentralised platforms and protocols that are emerging to
form new financial and internet infrastructures.
www.KR1.io
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).
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/kr1-plc/r/investment--side-protocol,c3809930
END
(END) Dow Jones Newswires
July 26, 2023 06:16 ET (10:16 GMT)
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