The platform, which will also be open to institutional investors, offers the trading of major cryptocurrencies including Bitcoin and Ethereum, as well as three USD-pegged digital assets (USDT, USDC and DAI).
AQRU was developed by Accru Finance Ltd, which was purchased by Dispersion in October 2021.
This was Dispersion Holdings’ biggest investment since its IPO and was aimed at providing significant exposure to the rapidly developing market for yield farming from digital assets. AQRU will operate as a retail DeFi arm of the company.
Waiting for the UK approval
However, the platform will not be open to UK-based investors until approval from the Financial Conduct Authority (FCA) to operate in the UK has been granted.
An anti-money laundering registration was filed with the FCA in April and an application with the Central Bank of Ireland is underway to further expand AQRU’s regulatory footprint.
Philip Blows, AQRU’s CEO, said the platform would allow consumers to benefit from the trading and yield farming of cryptocurrencies.
“We believe there is strong global demand for a simple to use and transparent service that enables investors to generate additional returns from their cryptocurrency assets,” he said.
“With nothing more than a smartphone, users will have access to the decentralised markets with none of the complexity and expense that has been the case until now.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.