3 min read
Apr 24, 2025
Qiro Q1 2025 Update
Written by
Nishikant Bahalkar
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The first quarter of 2025 was a transformative period for Qiro Finance, as we launched our platform on multiple networks, achieved significant product milestones, and saw explosive community growth. Tokenized private credit is emerging as a major on-chain asset class (over $20.76B already tokenized to date). Qiro is best positioned to capitalize on this market with Qiro Marketplace and underwriting infra for tokenized private credit. Read on for a full recap of our Q1 achievements!
Q1 2025 Key Highlights:
Qiro Marketplace Testnet Launch: Deployed the Qiro Private Credit Marketplace testnet on Plume, Polygon, and Aptos, attracting over 50,000 wallets and 84,000+ transactions in a few weeks.
Underwriting Network & Explorer Testnet Launch: Launched Qiro’s distributed underwriting network (live on Plume Devnet and Polygon Testnet) and released the Qiro Underwriting Explorer for transparent, verifiable credit evaluations.
Product Improvements: kicked off security audits, and rebuilt the front-end with a revamped UI/UX based on user feedback.
Marketing & Community Growth: Achieved 563.4K Twitter impressions (+3000% QoQ) and 95.5K engagements, grew to 16k new followers, 13K+ Telegram members, 1438 followers on LinkedIn and 1,100+ Substack readers. Launched our new website and published multiple writing pieces on the state of DeFi lending and RWAs.
Partnerships & Integrations: Formed multiple strategic partnerships , notably with Plume Network (to tokenize up to $50M in private credit assets on-chain) , and initiated legal structuring to pave the way for institutional adoption. Also kicked off a proof-of-concept with a major RWA lending protocol to integrate Qiro’s underwriting infrastructure.
Network & Product Launches
Q1 marked Qiro Marketplace’s first live rollout with our multi-chain testnet going live on Plume Devnet, Polygon Amoy, and Aptos testnet. In just a few weeks, we saw 51K+ wallets and 87K+ transactions.
We also activated Qiro’s decentralized underwriting network leveraging ritual infernet nodes, enabling credit experts to evaluate loan requests on-chain via underwriter nodes.
Qiro X Ritual: Powering Distributed Credit UnderwritingNishikant and Qiro Finance·Feb 14Read full story
We integrated EZKL’s ZKML stack, enabling ZK-proofs for underwriting model execution. We enable on-chain proof for off-chain risk evaluation bringing cryptographic verifiability to Qiro’s credit underwriting.
To support all of this, we launched the Qiro Underwriting Explorer a public dashboard that brings radical transparency to credit decisions. It allows anyone to verify risk assessments, data inputs, and underwriting inferences.
Introducing Qiro Underwriting ExplorerQiro Finance·Mar 14Read full story
Product Development
While launching the public testnet, we remained laser-focused on fortifying Qiro’s underwriting technology and user experience for primetime. A significant portion of Q125 was spent launching, refining, and revamping our product.
We have launched the Qiro Marketplace app on Plume, Polygon and Aptos Network
Plume: https://x.com/Qiro_Finance/status/1886490615665267156
Aptos: https://x.com/Qiro_Finance/status/1893090609977548970
Polygon: https://x.com/Qiro_Finance/status/1896837942062301638We launched the underwriting network with underwriting nodes on Plume Network and Polygon.
https://x.com/Qiro_Finance/status/1890138015584121288We have launched the underwriting explorer to enable public verification dashboard for the underwriting inferences
We have revamped the Qiro app UI/UX, tailoring the experience for investors, originators, and underwriters. The new UI includes a cleaner dashboard for tracking pools and returns, an easier originator onboarding flow, and an underwriting report console integrated with the Explorer.
We have initiated security audit process for Qiro Private Credit Marketplace.
Marketing & Community Growth
Qiro’s social media traction skyrocketed in Q1 2025 , our Twitter analytics showed massive gains in reach and engagement.
In the first quarter, we significantly amped up our marketing and community efforts, and the results were outstanding.
On Twitter (X), we garnered 563.4K impressions (a +3000% increase from the previous quarter!) and 95.5K engagements on our content. Our follower count jumped to 733 by quarter’s end, as more users discovered Qiro’s mission and updates.
We also saw surging activity on Telegram and Discord , our Telegram community grew past 13,000 members, becoming a lively forum for Q&A and feedback from early adopters.
We launched a new landing page for our official website ( www.qiro.fi)
We also published a series of insightful blog posts on our Substack, aiming to educate the community and position Qiro as a thought leader in the RWA lending space. Some highlights:
“What can Qiro enable for DeFi lending?” (Jan 21, 2025): We kicked off the year with a deep dive into the new credit primitives Qiro brings to DeFi , namely, how our underwriting infrastructure can unlock uncollateralized lending and new fixed-income products on-chain. (If you missed it, read it here.)
“State of Tokenized Private Credit” (Jan 14, 2025): An analysis of the broader market that we’re entering. In this piece, we examined why tokenized private credit is rapidly becoming the second-biggest category in RWA, the challenges (like defaults from opaque underwriting), and how Qiro’s approach can mitigate those issues.
“Qiro Private Credit Marketplace Testnet Launch” (Feb 8) , explaining the testnet features and how to participate ,
“Qiro x Ritual: Powering Distributed Credit Underwriting” (Feb 14) , detailing our collaboration with Ritual to enhance distributed credit data feeds.
“Underwriting Explorer Introduction Post” (Mar 15) showcased our commitment to transparency. These articles not only conveyed news but also invited feedback and questions, fueling engagement on our socials.
Our newsletter subscriptions saw an uptick as well , we now have 1,100+ readers receiving our updates via Substack. If you haven’t already, you can subscribe to stay in the loop on all things Qiro.
Lastly, we undertook a branding refresh to ensure consistency across channels. You might have noticed our new purple-and-white theme and updated logo design. Q1 was just the beginning of ramping up our marketing engine, expect even more as we approach mainnet launch!
Media & EventsQiro’s team has been actively engaging with the community and industry through AMAs, podcasts, and conferences throughout Q1 205:
AMA with Plume Network (Feb 7): We joined the Plume team for a live Ask-Me-Anything on Twitter Spaces to discuss our testnet launch on Plume.
We featured on Filament Finance’s podcast, where our founders discussed the future of on-chain credit and how Qiro differs from existing DeFi lending protocols.
Qiro was on the ground at several industry events. In early March, our team was present in ETHDenver 2025, presented in panel discussion around “Why finance is better on-chain” in Plume RWAfi Summit, pitched Qiro at the BitAngelsETH investor forum and networked with an array of crypto investors and builders
Partnerships & Legal
In Q1, we laid down the legal and strategic groundwork for scale. Our legal structuring is now almost complete, with entities and compliance frameworks in place to support institutional investor participation.
On the partnerships front, we expanded our pipeline with both fintech originators and crypto-native LPs, preparing a strong base for mainnet launch later this year.
A key milestone was our partnership with Plume Network, a strategic alliance to tokenize upto $50M in private credit assets by end of 2025. Together, we’re integrating underwriting and tokenization on an RWA-focused Layer 1.
We also kicked off a proof-of-concept with a leading RWA financing protocol, showcasing how Qiro’s underwriting can help them underwrite Payment financing and DePIN financing.
With product progress and major partnerships now in motion, Qiro is primed to onboard real world assets and institutional capital at scale. Q1 was about building the foundation, and Q2 will be about executing and capitalising on it. We’re incredibly excited for Q2 2025 and onwards.
Thank you for reading Qiro’s Q1 2025 Update. For more detailed discussions and to connect with the team, join us on Twitter, Telegram, or Discord.
Let’s build the future of credit, together!
Team Qiro 💜
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