Fintech companies and digital asset wealth management platform YIELD App released a third-quarter report, showing that the company continued to maintain a strong growth trajectory in the third quarter of 2021, doubled its assets under management, and established a high-profile cooperation with Premier Partnership League Football Club, West Ham United.
During the quarter, YIELD App’s assets under management increased from USD 163.6 million at the end of June 2021 to USD 339.4 million at the end of September, an increase of 107%, which marked the launch of the YIELD App in December 2020 after its beta version and its public release in February. The first nine months of this year are bold.
YIELD App stated that this increase was largely due to the launch of its Bitcoin fund in July, which reached the upper limit of 500 Bitcoin Within a few days of the first round of financing. The reopening of the fund in August was also one of the company’s largest new user registration days, with nearly 1,500 new users joining on August 20.
An increasing number of corporate and institutional clients have further promoted asset growth. YIELD App reports that it now serves more than 60 clients in this field, from blockchain companies to traditional investment tools, to Europe, Asia, and Asia. Family office in Australia.
The report pointed out that the highlight of the three months to the end of September was the partnership between YIELD App and the English Premier League football club West Ham United in London, England. YIELD App is now the club’s official digital asset wealth management partner until the end of the 2021/22 season in June 2022.
YIELD App stated that this transaction will see the characteristics of the digital wealth management platform in the communication between West Ham United and 60 million fans around the world, significantly expanding the impact of digital assets on mainstream audiences.
The third quarter report also saw YIELD App increase its transparency by significantly expanding its portfolio report to include extensive information on risk management, insurance pools, and how the company invests user funds. The company stated that it has signed a contract with top blockchain audit and accounting firm Armanino to report on its reserves, and it is also cooperating with the emerging DeFi risk modeling platform Credmark for further audits.
Commenting on the YIELD App third quarter report, Tim Frost, CEO of YIELD App, said: “In the nine months since we launched the beta version in December 2020, YIELD App has continued to grow and grow at an unprecedented rate. Only in In the most recent quarter, our assets under management have more than doubled, and we have established an exciting new partnership with West Ham United, making us one of the top digital asset wealth platforms.
“I am very satisfied with our business progress in the first nine months. I look forward to waiting for our success in the last three months of this year and beyond. With our strong and evolving team and our market-leading proposition, I believe that YIELD App will To become the leading platform for anyone interested in digital assets anywhere in the world.”
Please click here View the full YIELD App Q3 report
About the YIELD app
YIELD App believes that everyone should have the opportunity to get the best investment opportunity. Its mission is to unleash the full potential of digital assets, combine them with the most valuable opportunities in all financial markets, and provide these opportunities to the world. To achieve this goal, the company provides an innovative digital asset wealth management platform that connects traditional finance and decentralized finance in the simplest way.For more information, please visit www.yield.app
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