We are thrilled to receive our VASP authorization which is a testament to Return’s commitment to compliance and customer protection. We believe that regulation is key to the growth and maturity of the digital asset industry.
Dubai, UAE (PRWEB)
May 23, 2023
– Return Finance, a fintech company backed by prominent venture capitalists, has launched an innovative product that enables its users to earn high returns through the decentralized finance (DeFi) markets. The new app, which complies with the regulations of 27 European countries, is called Return. It gives users the opportunity to turn their savings into a source of passive income by leveraging DeFi protocols like Curve and Convex Finance. With an impressive Annual Percentage Yield (APY) of up to 10% on deposits, the product offers a secure and compliant platform that allows users to track the progress of their funds and watch the growth of their savings in real-time.
Return Finance UAB, the company behind Return, has received Virtual Asset Service Provider (VASP) authorization from regulatory authorities. This authorization allows the company to provide digital asset services to customers in 27 European countries, including the exchange between virtual assets and fiat currencies.
Return Finance has partnered with well-known RegTech companies like MoonPay, Circle, CYBAVO, Chainanalysis, and SumSub to ensure compliance, regulation, and governance in its operations. This demonstrates the company’s commitment to delivering innovative solutions and driving innovation in the financial technology industry.
According to Daniel Ishag, Founder and CEO of Return Finance, “We are thrilled to receive our VASP authorization which is a testament to Return’s commitment to compliance and customer protection. We believe that regulation is key to the growth and maturity of the digital asset industry, and we welcome the opportunity to work with stakeholders to build a safe and thriving ecosystem for all. Our fully compliant high-yield savings product is a great first step that will make high-yield savings accessible to all.”
Return Finance aims to bridge the worlds of traditional finance and DeFi by delivering high yields through an easy-to-use, accessible, and intuitive platform. Users can download the app and receive a 10% (non-withdrawable) bonus on all deposits up to $6,000. There is no upper limit on deposits, which means that customers can earn market-beating yields on their funds.
Return Finance was established with a mission to provide individuals and businesses with high-yield savings products in a fully regulated, transparent, and decentralized manner. The company offers its services through the Return app and aims to democratize the adoption of decentralized finance.
Daniel Ishag, the Founder and CEO of Return Finance, is a serial entrepreneur with over 25 years of experience in launching revolutionary technologies, pioneering new business models, and creating products and services that have achieved remarkable levels of adoption. The founding team also includes industry veterans with deep technical backgrounds in distributed ledger technology (DLT) and prosperous entrepreneurship. Their profound understanding of emerging technologies empowers the development of an innovative DeFi solution that redefines user experiences and sets new industry standards.
In summary, Return Finance has introduced an app that empowers its users to earn high returns on their savings through the DeFi markets. The app complies with regulations in 27 European countries and offers an APY of up to 10% on deposits. With Return, users can track the progress of their funds and watch the growth of their savings in real-time. The company has received VASP authorization from regulatory authorities and has partnered with industry leaders to ensure compliance, regulation, and governance in its operations. Return Finance aims to bridge the worlds of traditional finance and DeFi and democratize the adoption of decentralized finance.
To learn more about Return Finance and start earning high yields on your savings, visit https://return.finance/.