Crypto investment firm Pluto Digital Assets plots IPO on Aquis

Quick Take

  • Pluto would become the latest in a spate of early-stage crypto investment vehicles to float in London
  • Executives from Argo Blockchain, the listed crypto miner, have already helped take several crypto investment firms public

Pluto Digital Assets, an investment firm focused on decentralized technologies, is planning a stock market flotation on the Aquis Stock Exchange in London.

The company was only incorporated in January but raised $40 million in March in a round led by Argo Blockchain, a crypto mining company that's also listed in London. Pires Investments and Riverfort Global Opportunities also participated in the raise.

People familiar with the matter told The Block that Pluto is currently in discussions with Aquis about listing its shares on the exchange.

Peter Wall, CEO of Argo and a director of Pluto, confirmed that Pluto is “rocketing to its IPO on the London Aquis Exchange, with a target of late May 2021 for its admission.”

“There is a material lack of scalable crypto-oriented companie