Yield App Doubles Assets In Q3 As It Scores Big With Premier League Partnership By DailyCoin
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Yield App doubles its assets as it wins big with Premier League PartnershipYIELD App, a FinTech platform and digital asset wealth manager, published its Q3 report. It shows the firm’s strong growth over the quarter to 2021. This saw the firm double its managed assets as well as a partnership with West Ham United Premier League football club.
The quarter saw YIELD App’s managed assets increase by 107% from $163.6 million at the end of June 2021 to $339.4 million by the end of September, marking a bold first nine months for YIELD App following its beta launch in December 2020 and public launch in February of this year.
YIELD App claimed that this increase was due to the Fund’s launch in July. It reached 500 BTC just a few days after its initial fundraising round. The re-opening of the fund in August also saw one of the firm’s biggest days for new user sign-ups, with close to 1,500 new users joining on August 20th.
The growing number and quality of institutional and corporate clients has further aided asset growth. YIELD App reported that more than 60 such clients are now served by YIELD App. These clients range from traditional investment vehicles and blockchain companies to family offices in Europe, Asia, Australia, and the Americas.
The report states that the highlight of the three months to the end of September, however, was YIELD App’s partnership with West Ham United, a Premier League football club based in London in the UK. YIELD App will now be the club’s official Digital Asset Wealth Management Partner until June 2022.
YIELD App says the deal will see the digital wealth management platform feature throughout West Ham United’s communications with its 60 million fans across the world, significantly broadening the reach of digital assets to mainstream audiences.
The Q3 report also sees YIELD App enhance its transparency by significantly expanding its portfolio reporting to include extensive information on risk management, insurance pools, and how the firm invests users’ funds. According to the firm, Armanino is its top-ranked blockchain accounting and auditing firm. Credmark will also be reporting on reserves.
Commenting on the YIELD App Q3 Report, Tim Frost, CEO of YIELD App, said: “In the nine months since our beta launch in December 2020, YIELD App has gone from strength to strength, growing at an unprecedented pace. We have more than doubled our managed assets in the last quarter and we secured a new partnership with West Ham United, which places us at the top of the digital asset wealth platform platforms.
“I couldn’t be more pleased with how the first nine months of our business have gone and I am thoroughly looking forward to the successes that await us in the last three months of the year, and beyond. With our strong and growing team and our market-beating proposition, I am confident YIELD App will become a leading platform for anyone interested in digital assets, anywhere in the world.”
Please Click HereTo view the full YIELD App Q3 Report, click here
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