AQRU plc - Partnership with Maple Finance
Announcement provided by
Supernova Digital Assets Plc · SOL25/03/2022 07:00
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Press Release
25 March 2022
AQRU PLC
("AQRU" or "the Company")
Partnership with Maple Finance
AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance ("DeFi"), is pleased to announce that it has entered into a partnership with Maple Finance, an institutional lending platform in the DeFi sector, to offer AQRU customers access to enhanced yields in decentralised finance.
Maple Finance facilitates uncollateralised and partially collateralised loans to leading cryptocurrency institutions that wish to access non-traditional financing while maintaining robust risk and security controls.
Maple Finance's yield-generating services will be integrated into AQRU's mobile and web-based platform, which allows users to exchange their fiat, which are government-issued currencies such as the euro and the US dollar, into cryptocurrency and invest their assets to generate attractive yields. The partnership will enable AQRU to broaden its range of yield generating strategies and investment opportunities that users can choose from depending on their risk and return profile. Customers can deposit GBP and EUR into Maple Finance's investment protocol, and will be able to deposit USD, CHF, CAD and SEK in the future, as well as their existing cryptocurrency holdings.
By integrating Maple Finance's investment protocols into its platform, AQRU is aiming to offer the users of its platform annual percentage yields of up to 15%. AQRU does not charge transaction fees which will allow its users to generate profit from small deposits.
Additionally, the AQRU platform's wallet is secured by Fireblocks, an industry leader in digital asset security, to reassure investors looking to take advantage of Maple Finance's investment protocols that their assets are safe.
Philip Blows, CEO of AQRU, commented: "Bridging the gap between traditional and decentralised finance in a secure, easy-to-use way is at the core of what we do. We feel Maple Finance is an excellent example of how decentralised protocols can add real value to the average investor's portfolio. By partnering with Maple Finance, we are bringing their first-class investment opportunities to our platform whilst offering a simpler method to engage with them via the AQRU app. This eliminates transaction costs so smaller investors are not prevented from generating returns from the service. We look forward to working with Maple Finance to continue offering attractive options for investors participating in the world of DeFi."
Sidney Powell, CEO and Co-Founder of Maple Finance, commented: "Transaction fees, the complexities of opening a crypto-wallet, and associated risks have discouraged many investors from making the most of decentralised finance and entering the digital economy. Through our partnership with AQRU, we're tackling these challenges by ensuring the investment opportunities on Maple can be accessed through a platform that is not only secure and easy-to-use, but does not charge transaction fees, so even investors with small deposits can see a return too."
The Directors of AQRU plc take responsibility for this announcement.
For further information, please contact:
AQRU |
|
Philip Blows Chief Executive Neil Thapar Investor Relations |
via Tancredi +44 207 887 7633
+44 7876 455 323
|
Tennyson Securities |
|
Corporate Broker Peter Krens |
+44 207 186 9030 |
Novum Securities |
|
AQSE Corporate Adviser David Coffman / Lucy Bowden Broker Colin Rowbury / Jon Belliss |
+44 207 399 9400 |
Tancredi Intelligent Communication Media Relations |
|
Gabriela Amaya Garcia Edward Daly Charlie Hobbs |
+44 7915 035 294 +44 7861 430 057 +44 7897 557 112 |
About AQRU PLC:
AQRU is an incubator specialising in opportunities in decentralised finance (DeFi), a disruptive technology using blockchain and cryptocurrencies to remove financial intermediaries from transactions, creating a cheaper, more efficient and more secure way of providing financial services. Listed on the Aquis Exchange in
About Maple Finance:
Maple Finance is an institutional crypto-capital network powered by blockchain technology. Maple brings debt-capital markets 100% on-chain, using smart contracts to remove time and cost frictions, and blockchains for immutability. Expanding the digital economy by providing the tooling for credit-experts to build lending businesses on Maple, which in turn facilitates undercollateralized lending for institutional borrowers and income opportunities for investors. The economic potential of the future will be fulfilled by harnessing global capital and applying it to areas of greatest opportunity. For more information visit: www.maple.finance.
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