Earning 10% interest rates on your cryptocurrencies with Hodlnaut - ZZ Review

If you are looking to earn daily interest on your cryptocurrencies, you might want to consider Hodlnaut. Hodlnaut is a cryptocurrency lending platform enabling investors to earn interest from their cryptocurrency holdings. The company aims to help holders get the most out of their crypto assets and currently has a 20% month-on-month growth rate. Based in Singapore, the company has maintained consistent interest rates on both cryptocurrency and stablecoins irrespective of the changing market conditions. (This post contains affiliate links and I may receive a small bonus when you sign up with Hodlnaut).

My Experience with Hodlnaut

I registered an account with Hodlnaut to try it out in May 2021. As usual, I was required to go through the KYR to identify myself as a credible person before Hodlnaut activated my account. This process of verification took about slightly less than two days. What was great was that I received regular email updates from Hodlnaut on my progress in the meantime. When my account was activated, I received another email, and my account was ready to be used.

Hodlnaut Announces Independent Verification of US$234M of Crypto Assets by Crowe Singapore

Hodlnaut recently declared the completion of an independent verification exercise done by Crowe Singapore (a global audit firm) that verified the cryptographic AUM of Hodlnaut to be $234,230,478.90 as of April 12, 2021. The recent financial attestation is the second third-party verification of Hodlnaut’s cryptographic assets after the first one, which was performed on January 5, 2021.

“With our latest independent verification exercise, we’re aiming to provide transparency of our assets under management to our users regularly. It’s all about building trust in this industry, given the number of illicit companies and activities occurring,” said Juntao Zhu, CEO, and Co-founder of Hodlnaut.

He further added how important it is to be transparent regarding the legal requirements for getting the Standard Payment Institution License under the Payment Services Act (PSA). “Engaging an external auditor at a later stage is a crucial step and a mandate by PSA under the Monetary Authority of Singapore.”

Hodlnaut Selects Fireblocks to Secure Assets with Next-Generation MPC Security

Hodlnaut also recently announced a partnership with Fireblocks, a leading enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks uses the next-generation private key security (MPC-CMP) and hardware isolation technology (SGX) to create multi-layer security, which eliminates a single point of failure and insulates digital assets from cyber-attacks, internal collusion, and human error. Fireblocks is a leading enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables banks, fintechs, exchanges, liquidity providers, OTCs, and hedge funds to securely manage digital assets across a wide range of products and services. The technology consists of the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 250 financial institutions and has secured over $400 billion in digital assets. Fireblocks has a unique insurance policy that covers assets in storage & transit and offers 24/7 global support.