AQRU PLC (AQSE:AQRU), the decentralised finance (DeFi) incubator, has acquired a significant shareholding in LawBEAM Ltd, a London-based legal practice focused on the digital assets and cryptocurrency sectors.
AQRU said its agreement with LawBEAM is aimed at supporting the development and building of a technology-driven legal and regulatory solution for the digital assets industry.
AQRU said that it will use its expertise in the blockchain and DeFi sectors to help drive the technical development of the solution, while LawBEAM will leverage its experience of global laws and regulations surrounding blockchain and crypto.
In a statement, Digby Try, chief commercial officer of AQRU, said: “With the LawBEAM platform, we’re leveraging our technological, crypto and blockchain experience to offer organisations holding digital assets access to intelligence and analysis across multiple countries.
“This ensures that they can focus on what’s important – growing their operations in the crypto and DeFi sector, in a fully compliant way – to the benefit of the industry and its customers.
“We look forward to working with LawBEAM to develop the solution and adding depth to our portfolio of companies across blockchain and crypto.”
Roshi Sharma, managing director of LawBEAM, added: “By using technology to drive legal outcomes, we believe we have a compelling and innovative way of providing solutions to our clients.
“By combining AQRU’s technical and blockchain experience with our legal expertise, we’re developing a first-in-class product which will be invaluable for companies across the globe.”
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