Singapore-based cryptocurrency interest platform Hodlnaut has completed an independent asset verification process conducted by Crowe Horwath First Trust LLP, the Singapore member firm of Crowe Global. The verification confirmed ownership of $106,071,264.87 in crypto assets as of January 5, 2021.
Enhanced Transparency Through Independent Verification
Juntao Zhu, CEO and Co-founder of Hodlnaut, emphasized the importance of transparency: "This independent verification allows us to provide regular transparency to our users about managed assets." He noted this fulfills requirements under Singapore's Payment Services Act (PSA), where licensed standard payment institutions must maintain transparency.
Key Developments at Hodlnaut:
- Added new supported assets: Ethereum (ETH) and DAI stablecoin
- Introduced VIP fixed-interest plans with higher yields
- Eliminated minimum deposit requirements for all users
- Removed referral program deposit thresholds
About Crowe Global Singapore
As the exclusive Singapore member firm of Crowe Global (ranked 8th among global accounting networks), Crowe Horwath First Trust LLP has received multiple professional awards. The firm specializes in:
Core Services:
- Audit and assurance
- Tax advisory
- Financial accounting
Niche Specializations:
- Digital asset consulting for token issuers and blockchain companies
- Fund administration services supporting Singapore's asset management hub
- Private wealth management solutions
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Hodlnaut: Crypto Interest Platform Overview
Founded in April 2019 by self-described Bitcoin maximalists Juntao Zhu and Simon Lee, Hodlnaut operates as a crypto lending platform that:
- Pays competitive interest rates on deposited assets
- Lends to vetted margin traders
- Supports retail investors in earning passive income
Industry Recognition:
- IMDA-accredited blockchain company
- Portfolio company of global VC firm Antler
- Backed by institutional investors including Three Arrows Capital
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FAQs About Crypto Asset Verification
Q: Why is independent verification important for crypto platforms?
A: It builds trust by confirming asset ownership and fulfills regulatory requirements under Singapore's PSA.
Q: What cryptocurrencies does Hodlnaut support?
A: Currently supports Bitcoin (BTC), Ethereum (ETH), and DAI stablecoin with plans to add more assets.
Q: How does Hodlnaut generate yields for users?
A: Through institutional-grade lending to pre-qualified margin traders and crypto-native institutions.
Q: What security measures does Hodlnaut employ?
A: Combines cold storage solutions, multi-signature protocols, and regular third-party audits.
Q: Is there a minimum deposit requirement?
A: No, Hodlnaut has removed all minimum deposit thresholds to improve accessibility.