KR1 KR1 Plc

 
TIDMKR1 
 
Date: 2 September 2021 
 
                                    KR1 plc 
 
                           ("KR1" or the "Company") 
 
                             Investment: Exponent 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company has invested a total of US$500,000 into the Exponent 
project in return for a yet-to-be-determined amount of XPN tokens. KR1 led the 
seed funding round and was joined by a network of strategic investors including 
AngelDAO, Block0, GSR Markets, Golden Gate Ventures, Taureon Capital, Varys 
Capital, and several prominent blockchain protocol founders and individuals. 
 
Exponent is an open-source platform that equips strategists with the necessary 
tools and infrastructure to bring quantitative trading to decentralised 
 finance ("DeFi"). Built by an experienced team of engineers and strategists, 
the Exponent platform takes care of, both, DeFi integrations and trade 
execution, allowing strategists to easily launch active strategies with the 
supporting tools and infrastructure. Additionally, end-users can choose from a 
selection of vaults with various alpha strategies while retaining custody of 
their assets. 
 
The Founders of Exponent commented: 
 
"We're thrilled to on-board KR1 as one of our earliest investors - similar to 
how you form a founding team, selecting your early investors is equally as 
critical to get right. The individuals in the KR1 team are early adopters of 
the Web3 space and understand the challenges entrepreneurs face. Over the 
years, they have proven to be a trusted and consistent long term partner for 
entrepreneurs. We are excited to be working closely with them to bring 
financial empowerment and freedom to everyone, globally." 
 
Keld van Schreven, Managing Director and Co-Founder of KR1, commented: 
 
"Exponent is a much-needed service that takes quant-driven DeFi investing to 
the next level. Building on top of Enzyme, another portfolio project of ours, 
and led by a stellar team, we believe Exponent will spawn an important 
community of strategists and hedge funds that are going to drive significant 
value into DeFi. We are tremendously excited to be supporting them on their 
journey." 
 
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

September 02, 2021 10:30 ET (14:30 GMT)

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