KR1 KR1 Plc

 
TIDMKR1 
 
8 July 2021 
 
                                    KR1 PLC 
 
                           ("KR1" or the "Company") 
 
                            Investment: Divergence 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company has invested a total of US$400,000  into Divergence 
("DIVER") in return for 20,666,666.67 DIVER tokens. KR1 led the seed and 
private funding round, together with Mechanism Capital, with participation from 
other notable funds including P2P Capital, Arrington Capital and Digital 
Finance Group. 
 
Divergence is a decentralised platform for volatility hedging and advanced 
financial products centred around blockchain-native asset prices. The 
Divergence team is currently developing a range of decentralised volatility 
derivatives and volatility index products with the aim of becoming the go-to 
platform for risk-averse users seeking to hedge both one-sided and two-sided 
volatility risks,  risk-tolerant users seeking to trade and gain leveraged 
exposure to volatility, as well as risk-neutral users seeking to participate as 
liquidity providers by funding volatility markets and earning fees. 
 
Lianne Li and Bonna Zhu, both Co-Founders of Divergence, commented: 
 
"From the very beginning, KR1 has shared in, and committed to, the long-term 
vision we have for building volatility-based derivatives for the DeFi 
ecosystem. We are deeply honoured to have the opportunity of working with the 
KR1 team and cannot speak highly enough of their incredible intellectual rigour 
and staunch support for every aspect of our endeavours." 
 
Keld van Schreven, Managing Director and Co-Founder of KR1, commented: 
 
"One of crypto's big problems is extreme volatility and Divergence offers an 
innovative solution for liquidity providers, market makers and enthused 
community members, to allow them to profit from volatility with higher capital 
efficiency. With an impressive team, solid incentivisation mechanisms and a 
great mission, Divergence is a key part of the new era of the DeFi movement." 
 
The Directors of KR1 plc accept responsibility for this announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC 
George McDonaugh                                                    +44 (0)16 2467 6716 
Keld van Schreven 
Simon Nicol                                                                simon@KR1.io 
 
Peterhouse Capital Limited                                     (AQSE Corporate Adviser) 
Mark Anwyl                                                          +44 (0)20 7469 0930 
Allie Feuerlein 
 
Nominis Advisory Ltd                                                       (PR Adviser) 
Angus Campbell                                                                pr@KR1.io 
 
About KR1 plc 
 
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: 
AQSE), 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. 
 
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). 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 08, 2021 10:09 ET (14:09 GMT)

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