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LONDON - Digital asset investment company KR1 plc (KR1:AQSE) announced Monday it holds 25 million Anoma (XAN) tokens following the recent launch of the Anoma protocol, a platform for decentralized applications.
The company acquired these tokens through a purchase previously announced on May 31, 2023. The XAN tokens are currently held in institutional custody and subject to a 12-month initial lock-up period, followed by a linear unlock over an additional 36 months.
In addition to its Anoma holdings, KR1 also received 2.5 million NAM tokens from the Namada network, a secondary network built by the Anoma Foundation. Namada focuses on zero-knowledge proof technology to create a privacy layer for Web3 applications.
According to the company’s statement, the NAM token is designed to secure Namada’s Cubic Proof-of-Stake system and participate in the network’s on-chain governance.
KR1 indicated it is evaluating the possibility of staking activities across both the Anoma and Namada networks, with further updates to be provided in the future.
Anoma describes itself as a decentralized protocol for intent-centric applications that aims to simplify development by providing a unified experience that enables applications to connect users, state, and settlement across different blockchains.
The information was disclosed in a press release issued by KR1 plc.
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