IN BRIEF: AQRU to launch start-up with Blimp Homes

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AQRU PLC - London-based incubator for decentralised finance businesses - Says it is to launch a start-up called ByBrix to pursue opportunities in the crypto-mortgage market with Blimp Technologies Inc (Blimp Homes). AQRU says both firms believe there to be a large ‘addressable market for cryptocurrency-backed mortgage.’ AQUR says ByBrix will join its list of portfolio businesses and it will use its experience in FinTech and decentralised finance to support ByBrix's growth.

Chief Executive Officer Philip Blows says: ‘With the launch of ByBrix, we are bridging the gap between decentralised and traditional finance by enabling people to use their cryptocurrency to purchase property. We are thrilled to be developing offerings that not only enable investors to take advantage of all the opportunities available in decentralised finance, but that can also strengthen our presence in the DeFi sector and deliver long-term value for our shareholders.’

Blimp Homes is a home search and transaction collaboration platform that rewards users for browsing homes.

Current stock price: last traded on July 12 at 1.35 pence

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