YIELD App, a FinTech company and digital asset management platform, released its third quarter report, showing the company is continuing a strong growth path in the third quarter of 2021, which has seen it double its managed assets and enter into a high-level partnership with Premier. League Football Club, West Ham United.
The quarter saw YIELD App’s assets under management increase 107%, from $ 163.6 million at the end of June 2021 to $ 339.4 million at the end of September, marking the bold first nine months for YIELD App after its beta launch in December 2020 and its public launch in February. of this year.
YIELD App said the increase was largely due to the launch of its Bitcoin fund in July, which hit its cap of 500. BTC a few days before its first fundraiser. The fund’s reopening in August was also one of the company’s most important days for new user registrations, with nearly 1,500 new users on August 20.
Asset growth has been further driven by a growing number of corporate and institutional clients, with YIELD App reporting that it now serves well over 60 clients in this segment, ranging from blockchain companies to traditional investment vehicles in through family offices in Europe, Asia and Australia.
The report states that the highlight of the three months to the end of September was YIELD App’s partnership with West Ham United, a Premier League football club based in London, UK. 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 says the deal will see the digital wealth management platform appear in all communications of West Ham United with its 60 million fans around the world, dramatically expanding the reach of digital assets to the general public.
The third quarter report also sees YIELD App improving its transparency by significantly expanding its portfolio reports to include detailed information on risk management, insurance pools, and how the company invests user funds. The company said it has contracted with top blockchain auditing and accounting firm, Armanino, to report on its reserves, while also partnering with DeFi risk modeling platform, Credmark, to a more in-depth audit.
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 continued to grow stronger, growing at an unprecedented pace. In the last quarter alone, we have seen our assets under management more than double and entered into an exciting new partnership with West Ham United which places us among the premier tier of digital asset wealth platforms.
“I couldn’t be more pleased with how the first nine months of our business have unfolded and I look forward to the successes that lie ahead for us in the final three months of the year and beyond. With our strong and growing team and our proposition beating the market, I am confident that YIELD App will become a leading platform for anyone interested in digital assets, anywhere in the world.
Please Click here to view the full YIELD Q3 app report
About the YIELD app
YIELD App believes everyone should have access to the best investment opportunities. Its mission is to unleash the full potential of digital assets, combine them with the most rewarding opportunities available in all financial markets and make them available to the world. To achieve this, the company provides an innovative digital asset management platform that connects traditional and decentralized finance in the easiest possible way. For more information visit www.yield.app
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