(“KR1” or the “Company”)
Audited Final Results
Managing Director’s Report
For the year ended 31 December 2019
We are pleased to present the audited final results of the Company for the twelve months ended 31 December 2019.
Financial markets tend to explore the boundaries of an asset’s value, spiking upwards to test highs, and capitulating downwards at moments of deep uncertainty. These last few years in the crypto markets have seen both ends of the spectrum in full force. The one constant has been the ever expanding number of credible and exciting startup projects launching new disruptive systems using blockchain and decentralised technologies. KR1 has been continuously investing in these new projects through this market volatility cycle. We continued to add new investments to the portfolio, knowing full well that, with the increased number of decentralised platforms finding real product market fit, the markets would soon return to a more favourable outlook. Currently we are seeing many of our earliest investments in the decentralised finance (DeFi) space gaining huge traction and recognition as the market catches up with the leap forward that the technology has made.
The last year saw a major step change for KR1 as we became income generating and we are pleased to report £241,633 in income from the Company’s staking activities, mainly resulting from our participation in the