KR1 KR1 Plc

 
TIDMKR1 
 
29 July 2021 
 
                                    KR1 PLC 
 
                           ("KR1" or the "Company") 
 
                         Investment: RedStone Finance 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company has invested a total of US$100,000 into the RedStone 
project, in return for a-yet-to-be determined amount of RedStone tokens. KR1 
invested in this first RedStone financing round, led by Maven 11 and joined by 
other prominent investors such as 1kx and Bering Waters. 
 
RedStone is a next-generation cross-chain data oracle technology that offers 
fast and cost-efficient 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.  The project utilises 
permanent and affordable storage of the Arweave blockchain to keep data and 
track reputation, while integrating with a range of EVM-compatible chains such 
as Ethereum, Avalanche or Polygon, where the majority of all decentralised 
finance activity takes place. 
 
Jakub Wojciechowski, CEO and Founder of RedStone Finance, commented: 
 
"DeFi has experienced a colossal expansion, yet the oracle technology is 
lagging behind with the infrastructure created years ago. RedStone is looking 
to fill that gap by offering fast, cost-efficient and convenient tools for 
providing data to blockchain protocols. I am privileged to be surrounded by a 
group of very experienced investors who can help RedStone to reach its full 
potential." 
 
George McDonaugh, Managing Director and Co-Founder of KR1, commented: 
 
"RedStone stands out in the crowded world of blockchain oracle solutions in 
providing a real edge with regards to cost savings, latency, auditability and 
insurance. We are already seeing the project starting to gain traction and we 
are thrilled to fund Jakub and his team in his new endeavour." 
 
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 
 
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 Apex 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 29, 2021 11:00 ET (15:00 GMT)

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