AQRU plc (AQSE: AQRU), a DeFi incubator, has issued a statement that its wholly-owned subsidiary, Accru Finance Ltd., has signed up over 10,000 customer accounts and reached £16.5 million in assets under management (AUM) on its cryptocurrency yield-generating platform, AQRU.io. According to the website, users can generate up to 12% interest, paid daily, on crypto held on the platform. Withdrawal may be made in 24 hours.
AQRU reports that the milestone was achieved on 31 March 2022, four months after Accru Finance launched its platform to crypto investors in certain jurisdictions in Europe and other international markets.
AQRU.io is an online trading platform that allows users to convert their fiat currency, such as EUR and GBP, into crypto and invest their assets through the different protocols and investment strategies available on the platform. Since its launch, the company reports that AQRU.io has received significant demand from investors, and the platform is currently signing up an average of more than 200 users per day.
Last week Accru Finance announced a partnership with Maple Finance, an institutional lending platform, to integrate Maple’s yield-generating services into the AQRU.io platform.
The partnership is expected to allow Accru Finance to broaden its range of yield generating strategies and investment opportunities that users of the platform can choose from depending on their risk and return profile.
Philip Blows, CEO of AQRU, issued the following statement on the milestone:
“Since launching our investment platform just four months ago, we have enabled thousands of active investors to join and take advantage of the benefits that DeFi has to offer. As decentralised finance grows, we expect to see increasing demand for platforms that offer users with an easy-to-use and secure way to access the decentralised market. We are confident that our AQRU.io platform will continue to be investors’ preferred choice, allowing us to maintain an excellent growth rate and strengthening our position in the DeFi sector.”
AQRU is listed on the European Aquis Exchange with a market capitalization of around £23 million.
According to the website, Accru Finance UAB (company number 305944953) provides virtual asset exchange and custody services in compliance with the legal regulation of the Republic of Lithuania. As of January 21, 2022, Accru Finance UAB is said to have successfully fulfilled all applicable legal requirements in order to act as a virtual assets service provider under Lithuanian law.