AQRU PLC (AQSE:AQRU) said its yield-generating AQRU.io platform has surpassed US$50mln in assets under management (AUM) and 20,000 user signups since launching in December.
The AQRU.io platform, which is designed to offer investors an easy and secure way to access and earn interest on savings using decentralised markets such as cryptocurrencies, has added more than US$30mln of that since the start of April.
Philip Blows, chief executive of AQRU, said the growth in AUM and customer signups in five month has demonstrated the platform is “an attractive solution that enables investors to take advantage of the opportunities that DeFi has to offer”.
“As decentralised finance grows, we expect AQRU.io will remain a favoured choice for retail investors, as well as an appealing and sought-after solution for institutional investors in Europe and other international markets too."
The platform, which is operated by wholly owned subsidiary Accru Finance Ltd, allows users to easily convert their fiat currency, such as euro and sterling, into cryptocurrencies and invest their assets to generate yields.
AQRU says it allows investors to leverage different protocols and investment solutions available on the platform to maximise yields while reducing their exposure to risk.