AQRU plc, an incubator specialising in opportunities in decentralised finance (DeFi), announces that it has carried out a further operational review aimed at identifying opportunities to streamline its business and improve its resilience amid continued volatile conditions in the cryptocurrency and digital assets markets.

Further to its operational review announced on 23 November 2022, which reduced overhead costs, AQRU has identified further opportunities to improve efficiency.

AQRU’s wholly owned subsidiary, Accru Finance Ltd., is raising the threshold for minimum account deposits on its AQRU app to US$250,000 from 1 February. This will enable the Company to focus on servicing customers that are less sensitive to market volatility than retail investors, particularly high net worth individuals and institutional investors. Customer accounts below the threshold will be offboarded and have their account balances refunded in full by the Company.

The Company expects there will be a significant reduction in the value of assets held on the AQRU app, but a minor reduction in revenue.

AQRU has identified an additional opportunity to further lower headcount and operational costs and strengthen its balance sheet by discontinuing Accru Finance’s index strategies for cryptocurrencies. The change will take effect on or about 1 February and is in line with Accru Finance’s increased focus on offering services to high-net-worth individuals and institutional investors.