Yield App Assets Grow 40% Over Q4 as Platform Passes Armanino Audit
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Tallinn, Estonia, 3rd February, 2022, Chainwire
Global digital wealth platform Yield App publishes its Q4 report showing assets of USD 475 million and a full pass from leading auditor Armanino
Yield App, a FinTech company and digital asset wealth management platform, has published its 2021 Q4 report, showing the firm continuing on a strong growth trajectory that saw its managed assets grow by 40% from Q3 to reach USD 475 million. In addition, the platform has published the results of an inspection by leading global auditor Armanino that shows its assets firmly in the black.
The firm, which recently celebrated the launch of a revamped “V2” platform, said managed assets increased by 40% from USD 339.4 million at the end of September to USD 475 million by 31 December. This marks a bold first year for the passive income provider following its public launch in February 2021 and which has included a heavy-weight partnership with UK premier league football club West Ham United.
Over the year, Yield App said it paid more than USD 29 million to its customers in USDC, USDT, ETH, BTC, and YLD earnings rewards combined. Yield App customers can earn up to 18% on their digital assets, according to their membership Tier.
The final quarter of the year saw Yield App publish the results of an audit by Armanino, one of the top 25 largest independent accounting and audit firms in the United States engaged by many leading blockchain firms, which shows Yield App’s assets exceeding its customer liabilities: an important milestone for the young digital wealth manager.
Commenting on the results of this important audit, Justin Wright, Yield App’s Chief Financial and
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