Yield App Assets Grow 40% Over Q4 as Platform Passes Armanino Audit

PRESS RELEASE. ESTONIA — 03 FEBRUARY 2022 — Yield App, a FinTech institution and integer plus wealthiness absorption platform, has published its 2021 Q4 report, showing the steadfast continuing connected a beardown maturation trajectory that saw its managed assets turn by 40% from Q3 to scope $475 million. In addition, the level has published the results of an inspection by leading planetary auditor Armanino that shows its assets firmly successful the black.

The firm, which precocious celebrated the motorboat of a revamped “V2” platform, said managed assets accrued by 40% from $339.4 cardinal astatine the extremity of September to $475 cardinal by 31 December. This marks a bold archetypal twelvemonth for the passive income supplier pursuing its nationalist motorboat successful February 2021 and which has included a heavy-weight concern with UK premier league shot nine West Ham United.

Over the year, Yield App said it paid much than $29 cardinal to its customers successful USDC, USDT, ETH, BTC, and YLD net rewards combined. Yield App customers tin gain up to 18% connected their integer assets, according to their rank Tier.

The last 4th of the twelvemonth saw Yield App people the results of an audit by Armanino, 1 of the apical 25 largest autarkic accounting and audit firms successful the United States engaged by galore starring blockchain firms, which shows Yield App’s assets exceeding its lawsuit liabilities: an important milestone for the young integer wealthiness manager.

Commenting connected the results of this important audit, Justin Wright, Yield App’s Chief Financial and Chief Operations Officer, says: “As antecedently stated successful our Q3 report, we person engaged Armanino, the planetary person successful integer plus audit solutions to behaviour a thorough reappraisal of our assets.

“This engagement is for the intent of offering Yield App’s customers, prospective customers, regulators, and concern partners further transparency and assurance implicit the assets held by america arsenic reserves against outstanding lawsuit liabilities. We volition proceed to enactment with Armanino and different third-party accreditation work providers to merchandise bi-annual autarkic reports crossed our radical concern activities arsenic we grow.”

Asian and European customers turn arsenic $70 cardinal BTC added to Yield App

Yield App, which precocious celebrated the motorboat of a revamped “Version 2” (V2) of its platform, said its planetary lawsuit basal grew by 19% to 71,356 successful Q4 of 2021. The institution said it observed beardown maturation crossed Asia and Europe successful the last 3 months of the year, with lawsuit numbers up 60% and 17% successful these regions, respectively.

The steadfast added that the reopening of its Bitcoin Portfolio successful October contributed powerfully to maturation successful lawsuit numbers, with 1,439 caller customers joining the level successful the 5 days the portfolio was opened (10-15 October 2021). The level pays a market-leading complaint of up to 12% p.a. connected BTC.

The steadfast added that its Bitcoin offering besides accounted for immoderate of its strongest inflows implicit the past 3 months of the year, with BTC assets expanding by adjacent to 50% from 988 BTC astatine the extremity of September to 1,456 by 31 December 2021 – representing a marketplace worth of $70,067,612.

Tim Frost, CEO of Yield App, says: “February marks 1 twelvemonth since we launched Yield App to the world, and I couldn’t beryllium much arrogant of wherever we are today, with adjacent to $500 cardinal of assets present managed connected level for 70,000 customers to date.

“Following the palmy motorboat of V2 of our platform, the archetypal fractional of 2022 volition spot america motorboat our android and iOS mobile apps: thing I cognize our assemblage has been looking guardant to for immoderate time, portion we volition besides beryllium adding caller blockchains and assets and expanding our on-platform conversion offering.

“While Yield App experienced unthinkable maturation successful our archetypal year, we judge that 2022 volition beryllium an adjacent bigger, amended and much breathtaking twelvemonth for our customers and assemblage members, and we look guardant to serving you each further.”

*Please sojourn the Yield App blog to work the afloat Q4 Report

About Yield App

Yield App believes that everyone should person entree to the champion earning opportunities. Its ngo is to unlock the afloat imaginable of integer assets, harvester them with the astir rewarding opportunities disposable crossed each fiscal markets and marque these disposable to the world. To execute this, we supply an innovative wealthiness absorption level that bridges accepted and decentralized concern successful the easiest mode possible. For much information, sojourn www.yield.app.

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