AQRU plc announced that its crypto lending platform AQRU.io had surpassed $50 million in assets under management. Also, the UK-based incubator achieved this milestone five months since the platform's launch, with over 20,000 user signups.
Moreover, the announcement came only 39 days after it reached $50 million in assets under management.
"With more than $50 million in assets under management and 20,000 sign ups in only five months, AQRU.io has demonstrated itself an attractive solution that enables investors to take advantage of the opportunities that DeFi has to offer," said AQRU CEO Philip Blows. "As decentralized finance grows, we expect AQRU.io will remain a favored choice for retail investors, as well as an appealing and sought-after solution for institutional investors in Europe and other international markets too."
Launched in 2021 by Phil Blows, Digby Try, and Louis Quaintance, AQRU.io provides investors with an easy way to participate in crypto lending. Users can easily convert their fiat currency into cryptocurrency to participate in staking using the platform. Furthermore, users can earn up to 12% interest and withdraw their assets anytime in fiat or cryptocurrencies.
The crypto lending platform has received significant demand from both institutional and retail investors. Users need to connect their crypto wallets to AQRU.io and choose from various automatic investment strategies. Afterward, users can keep track of their investment performance in real-time using the AQRU.io website or its mobile app.
AQRU.io leverages Fireblocks to ensure security, which is an industry leader in digital asset security and has secured over $400 billion in digital assets. In fact, Fireblocks uses bank-grade security software to ensure the safety of user assets on AQRU.io.
Still curious? You can check our detailed AQRU Review before investing in the crypto market.