Share subscription agreement with LawBEAM Ltd
21/12/2022 07:00
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RNS Number : 3918K AQRU plc 21 December 2022
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Press Release
21 December 2022
AQRU PLC
("AQRU" or "the Company")
Share subscription agreement with LawBEAM Ltd.
AQRU plc (AQSE: AQRU), an incubator specialising in opportunities in
blockchain and decentralised finance ("DeFi"), is pleased to announce it has
acquired a significant shareholding in LawBEAM Ltd. ("LawBEAM"), a
London-based legal practice with a sector focus on digital assets and
cryptocurrencies.
AQRU's 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 will use its expertise in the blockchain and DeFi sector, as well as in
developing technology solutions for digital assets, to help drive the
technical development of the solution platform. LawBEAM will leverage its
experience and expertise on global laws and regulations in relation to
blockchain and cryptocurrencies to drive the legal and regulatory content and
analysis behind the solution.
LawBEAM will offer tech-enabled intelligence and analysis on the laws and
regulations applicable to the digital assets and crypto sector in multiple
worldwide jurisdictions covering Europe, the Americas and Asia. This will be
of critical importance to a number of organisations, from startups to
traditional finance firms, that must comply with an increasing burden of
regulatory requirements.
LawBEAM's solution platform will also provide real-time information and
analysis on laws and regulations on a global basis, which is particularly
relevant to blockchain and digital asset clients that operate across borders
but must comply with local regulatory regimes that are in a state of flux.
AQRU's agreement with LawBEAM builds on the Company's work to use its
experience and expertise to offer a wide range of services that enable
investors to participate in the cryptocurrency and DeFi sector. As part of
these efforts, AQRU launched Daxiom, a start-up offering technology-led
accountancy and advisory services for institutions holding digital assets, in
November 2022.
LawBEAM is led by Roshi Sharma, a senior lawyer and financial services
executive with more than 18 years' legal and regulatory experience. His
previous roles include Head of Legal as well as Head of Restructuring at
global bank HSBC Group, and Senior Associate at 'Magic Circle' law firm
Slaughter and May.
LawBEAM's solution platform is currently under development and will be
launched in 2023.
Digby Try, Chief Commercial Officer of AQRU, commented: "Blockchain technology
is borderless by design, but crypto regulations are implemented and enforced
differently at the national level, creating challenges for firms to fully
understand and remain on top of their regulatory requirements. 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, commented: "The next wave of
innovation will be driven by blockchain and digital assets. Businesses will
need to comply with multiple, newly emerging legal and regulatory frameworks.
Existing legal solutions are fragmented, localised, and expensive. We are
taking a novel approach to the delivery of legal services. 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."
The Directors of AQRU plc take responsibility for this announcement.
For further information, please contact:
AQRU
Philip Blows via Tancredi +44 207 887 7633
Chief Executive
Tennyson Securities
Corporate Broker
Peter Krens +44 207 186 9030
First Sentinel
AQSE Corporate Adviser +44 203 989 2200
Brian Stockbridge
Tancredi Intelligent Communication
Media Relations
Gabriela Amaya Garcia +44 7915 035 294
Charlie Hobbs +44 7897 557 112
AQRU@tancredigroup.com (mailto:AQRU@tancredigroup.com)
About AQRU plc:
AQRU is an incubator specialising in opportunities in blockchain and
decentralised finance (DeFi), a disruptive technology using blockchain and
cryptocurrencies to remove financial intermediaries from transactions,
creating a cheaper, more efficient and more secure way of providing financial
services. Listed on the Aquis Exchange in London, we apply our expertise to
the business operations and strategic plans of FinTech companies in the UK,
USA and Canada, and act as an accelerator for start-ups and early-stage
companies. www.aqruplc.com (http://www.aqruplc.com)
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