- Return Finance Launches Innovative High-Yield Savings App in 27 European Countries with Full Compliance, Securing Virtual Asset Service Provider (VASP) Authorization
- Return Makes High-Yield Savings Accessible to All and Offers an Annual Percentage Yield (APY) of up to 10% on Deposits
- Founder & CEO, Daniel Ishag, Aims to Bridge the Gap Between Traditional Finance and DeFi with a Simple and Secure User Experience
- Users can download the app and receive a 10% (non withdrawable) bonus on all deposits up to $6000
By ; Mohamed Elkholy
Leading fintech company, Return Finance, unveils a groundbreaking product that empowers individuals to earn high returns on their savings through decentralized finance (DeFi) markets. With the Return app, users can turn their funds into a source of passive income, allowing their money to work for them.
Unlike traditional savings accounts with minimal interest rates, Return Finance offers an impressive Annual Percentage Yield (APY) of up to 10% on deposits. By leveraging the power of trusted DeFi protocols like Curve and Convex Finance, the platform provides users with a secure and compliant environment for their savings to grow. Transparency and decentralization are at the forefront, enabling users to track their funds' progress and witness real-time growth.
To ensure stability, Return Finance utilizes USDC, a regulated token backed by the United States Dollar at a 1:1 ratio. This strategic decision guarantees that all financial transactions occur within a secure and trustworthy environment, delivering the best customer experience.
Return Finance UAB is proud to announce that it has received Virtual Asset Service Provider (VASP) authorization from regulatory authorities, allowing the company to operate in 27 European countries. This authorization enables Return to provide digital asset services to customers in the region, including the exchange between virtual assets and fiat currencies.
In its commitment to compliance, regulation, and governance, Return Finance has partnered with renowned RegTech companies. These strategic collaborations with industry leaders such as Moonpay, Circle, CYBAVO, Chainanalysis, and SumSub demonstrate the company's dedication to delivering cutting-edge solutions and driving innovation in the financial technology landscape.
"We are thrilled to receive our VASP authorization, which reflects Return's commitment to compliance and customer protection. Regulation is crucial for the growth and maturity of the digital asset industry, and we welcome the opportunity to work with stakeholders in building a safe and thriving ecosystem for all. Our fully compliant high-yield savings product is a great first step toward making high-yield savings accessible to all," said Daniel Ishag, Founder and CEO of Return Finance.
Daniel Ishag, Founder and CEO of Return Finance, brings over 25 years of experience as a serial entrepreneur known for launching revolutionary technologies and creating products and services with remarkable levels of adoption. The founding team includes industry veterans with deep technical backgrounds in distributed ledger technology (DLT) and a successful history of entrepreneurship. Their profound understanding of emerging technologies empowers the development of an innovative DeFi solution that redefines user experiences and sets new industry standards.
Driven by the goal of bridging the worlds of traditional finance and DeFi, Return Finance aims to democratize the advantages of DeFi by creating an easy-to-use, accessible, and intuitive platform. With a vision to reshape the future of finance and unlock the full potential of decentralized systems, Return invites everyone to join them on this transformative journey.
As an exclusive launch promotion, users can download the Return app and receive a 10% bonus on all deposits up to $6000 (non-withdrawable). With no upper limit on deposits, Return Finance provides customers with the opportunity to earn market-beating yields on their funds.