Yield App Assets Grow 40% Over Q4 as Platform Passes Armanino Audit
, 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.
“As previously stated in our Q3 report, we have engaged Armanino, the global leader in digital asset audit solutions to conduct a thorough review of our assets. “This engagement is for the purpose of offering Yield App’s customers, prospective customers, regulators, and business partners additional transparency and assurance over the assets held by us as reserves against outstanding customer liabilities. We will continue to work with Armanino and other third-party accreditation service providers to release bi-annual independent reports across our group business activities as we grow.
The firm added that the reopening of its Bitcoin Portfolio in October contributed strongly to growth in customer numbers, with 1,439 new customers joining the platform in the five days the portfolio was opened . The platform pays a market-leading rate of up to 12% p.a.
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