Amber Group Strengthens Administration Staff with Ehsan Haque

SINGAPORE, 22 February 2022 — Amber Group, a number one international digital asset platform, introduced a $200 million Collection B+ spherical led by funding firm Temasek, with participation from present shareholders together with Sequoia China, Pantera Capital, Tiger World Administration, Tru Arrow Companions, and Coinbase Ventures amongst others. A big follow-up to Amber Group’s 2021 $100 million Collection B spherical, this Collection B+ spherical is the most important funding in Amber Group, valuing the corporate at $3 billion. Whole capital raised at Amber Group now stands at $328 million.

This Collection B+ spherical comes at a time of quickly rising digital asset adoption globally. The funding reinforces Amber Group’s strategic alignment with its traders, in addition to a shared imaginative and prescient of digital property’ future in a brand new, digital financial system.

“From radically remodeling the idea of possession and worth within the international financial system, digital property are redefining the best way we dwell exterior of the monetary ecosystem. At Amber Group, we need to do extra than simply allow mainstream digital asset adoption. We need to assist create a digital future the place digital property empower folks with the chance and company to form a greater world for all. We’re proud to have the assist of our traders who not solely share this imaginative and prescient but additionally put their capital and belief in us to attain it,” stated Amber Group’s World Chief Govt Officer, Michael Wu.

Based in 2017, Amber Group has developed experience in servicing each institutional and shopper markets. With international operations throughout 12 cities, the Singapore-headquartered firm is likely one of the world’s main liquidity suppliers, providing shoppers providers that embody algorithmic execution, digital and OTC market-making derivatives, structured merchandise, and advisory providers. Amber Group additionally gives an award-winning shopper app, WhaleFin, and a full set of inventive providers and infrastructure in its OpenVerse enterprise.

Amber Group is experiencing great international progress, with cumulative transaction quantity surpassing $1 trillion and property below administration rising to over $5 billion since its inception.  Amber Group’s institutional enterprise continues to profit from a robust systematic pricing framework and a give attention to shopper service whereas the corporate’s shopper enterprise, WhaleFin, permits mainstream traders to construct wealth within the digital period, additional democratizing entry to the world of crypto finance. OpenVerse, Amber Group’s creator-focused enterprise, kinds one other key enterprise pillar for the corporate because it launches assist for creators, manufacturers, and studios by its suite of providers and digital infrastructure.

Amber Group’s trade management is strengthened by its dedication to upholding safety and regulatory compliance. The corporate is among the many first international digital wealth platforms to have achieved Service Group Management (SOC) 2 compliance – an exterior, unbiased audit that benchmarks trade greatest practices in IT, safety, and privateness controls. The corporate has additionally prolonged its record of licences after securing regulatory approvals from in-market monetary authorities in Australia, the UK, Japan, and Switzerland. Amber Group is now increasing into new markets all over the world by regulatory licensing and strategic acquisitions, resembling the corporate’s newest acquisition of Japanese crypto change, DeCurret Inc.

“This newest spherical of capital will deliver Amber Group to the subsequent degree. In addition to making key hires to assist our institutional enterprise in Europe and the Americas the place there have been great curiosity from conventional monetary establishments and enormous household workplaces, we plan to broaden WhaleFin’s international footprint in each developed and growing markets worldwide and advance OpenVerse, which is already experiencing hyper-growth with a robust line-up of gaming studios, sports activities collectibles, digital artists and different accomplice manufacturers. We are going to solid our sights past enterprise enlargement and strategic acquisitions too, as a part of our dedication to constructing a sustainable future for all. We are going to proceed to broaden our assist of sustainability initiatives, with our latest partnership with the Whale and Dolphin Conservation (WDC) being solely the beginning of this journey,” added Wu.

“Digital property have gotten an more and more necessary class to look at, particularly for institutional traders. With funding in Amber Group’s earlier spherical, we’re impressed by the professionalism of Michael and his workforce, in addition to their potential to execute, their progress and give attention to compliance. We proceed to take a position this spherical and consider Amber Group has the potential to change into a number one digital asset platform in Asian market,” stated Steven Ji, Accomplice of Sequoia China.

“Since Tru Arrow’s preliminary funding in Amber Group in 2021, it has been obvious to us that the corporate is constructing a transformational, international digital asset establishment. Amber Group reveals management within the high quality of its workforce, customary of its regulatory method and scale of its ambitions. With this ongoing endorsement from a number of the world’s main traders, the corporate continues to ship on its progress plan with out compromising on the integrity of its core rules. As a worldwide funding partnership of a number of the world’s main households and entrepreneurs, Tru Arrow is proud to redouble its dedication to Amber Group, and take our collaboration to a brand new part of enlargement,” stated James Rothschild, Co-Founder and Managing Accomplice at Tru Arrow Companions.

“It’s been thrilling to see Amber Group’s progress, as each an investor and a buying and selling accomplice. After we initially invested within the firm, we had excessive expectations – actuality has exceeded our expectations. Their 24/7 international protection workforce has helped Pantera execute over $1.1b in trades in 2021 and that continues to develop. The Amber Group workforce has performed an exceptional job constructing an institutional-grade platform and we’re proud to be part of their story,” stated Dan Morehead, Founder and Chief Govt Officer at Pantera Capital.

Media Contact

Stella Wang

About Amber Group

Amber Group is a number one digital asset platform working globally with workplaces in Asia, Europe, and the Americas. The agency gives a full vary of digital asset providers spanning investing, financing, and buying and selling, servicing over 1,000 institutional shoppers and a rising variety of particular person traders worldwide.

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