Category: Amber Group

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Amber Group Business

Amber Group June Recap 2022

Corporate News

Received the Sustainability Award for the most sustainable company in the digital currency category by World Finance.

Acquired Celera Markets Limited, a fully licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong, and secured five types of SFC licenses – Type 1, 2, 4, 5 and 9.

Ranked among the top 5, recording a >90 score in the financial services category of the risk-scoring metric by Risktrail, the crypto-focused AML platform of blockchain analytics firm Hoptrail.

Product Development and Partnerships

Rolled out the NFT function on WhaleFin, enabling users to securely deposit, withdraw, and display their NFTs on one platform.

Secured comprehensive insurance coverage for our wallet infrastructure from A-rated insurance provider Arch Syndicate 2012 of Lloyd’s of London and insurtech firm OneDegree, which is supported by a multi-year reinsurance partnership with Munich Re.

In the News

Cointelegraph Magazine: 6 Questions for Annabelle Huang of Amber Group.

Finance Feeds: Amber Group Acquires Celera Markets to Mix TradFi with Digital Assets in Hong Kong.

Cryptonary: Amber Group Receives Green Signal from Hong Kong Authorities.

Yahoo Finance: Amber Group Now Licensed to Operate in Hong Kong with Acquisition of Celera Markets Limited.

The Fintech Buzz: Amber Group Now Insures Digital Assets Held on Behalf of Clients to Ensure Additional Layers of Protection.

Reinsurance News: Munich Re Backs Amber Group Digital Asset Cover by Arch & OneDegree.

Markets Media Group: Dancing Towards the Convergence of Traditional and Digital Asset Finance.

Law.com: Ant Group’s Benjamin Bai Pivots to Crypto: It’s Now or Never.

YouTube: Globe Interview – Amber Group, Sophia Shluger.

YouTube: Ripe for Disruption: A Decentralised Future for Finance.

Medium: Bridges: Designs, Trade-offs, and Opportunities.


Events and Media Appearances

Sponsored Singapore Blockchain Fest 2022 and Managing Partner Annabelle Huang shared her thoughts on how to realize Web 3.0 economy in a fireside chat.

Managing Partner Annabelle Huang joined J.P. Morgan Private Bank’s panel discussion on the outlook of digital assets.

Managing Partner Annabelle Huang joined a panel discussion on ways to enhance risk-adjusted returns at Macquarie Internet and Digital Assets Conference.

Managing Partner Annabelle Huang joined a panel of experts to discuss current markets and key lessons learned at Bloomberg APAC Blockchain Forum 2022.

Managing Partner Annabelle Huang was featured as one of the five “Inspiring Female Thought Leaders” at Mercedes-Benz AG Blockchain Day 2022.

Europe Managing Director Sophia Shluger joined a panel discussion on technological advancements at Europe Family Office Investment Summit.

Europe Managing Director Sophia Shluger joined the AI Waves webinar on what Web 3.0 is and why it matters for business.

Europe Managing Director Sophia Shluger joined a panel discussion on the wider institutional adoption of digital assets at World Family Office Forum.

Europe Managing Director Francesco Adiliberti joined a panel discussion on the future of finance at IR Global Conference.

Europe Managing Director Francesco Adiliberti joined a panel discussion on why a treasurer should be interested in crypto at Swiss Treasurer Forum.

Portugal Country Lead David Duarte joined a panel discussion on the future of Web 3.0 and internet transformation at Dublin Tech Summit.

Head of Blockchain Security Dr. Chia-Chih Wu gave a guest lecture on blockchain data analysis for the Institute of Data Science and Engineering at National Yang Ming Chiao Tung University.

Asia-Pacific AML Head Gina Pho joined Crypto Expo Asia 2022 to share how Amber Group has partnered with Onfido to build a world-class on-boarding experience.

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Amber Group Business

Learn Crypto with WhaleFin Africa set to launch for 10-Weeks

WhaleFin, the all-in-one digital asset platform powered by the leading global digital asset company Amber Group, is set to launch a series of educational initiatives about cryptocurrencies, web3, and blockchain technology in Africa. The series will take place from June 22nd to August 24th 2022.

The series will bring in 10 key speakers covering a variety of cryptocurrency-related topics with the goal of spreading understanding within the African community. The series will shed light on DeFi, Web3, trading strategies, dollar-cost averaging, amongst other important subjects related to the cryptocurrency industry.

The seminars will be hosted on the WhaleFin Africa telegram group and Twitter via twitter spaces.

The conversations are open to everyone in Africa looking for opportunities to learn and build digital wealth, to join and participate.

We will select 30 participants and offer them the chance to win rewards throughout the 10-week period.

To enjoy these rewards participants must:

  • Follow WhaleFin Africa on Telegram, Twitter and Facebook
  • Participate in the Live call
  • Register on WhaleFin Africa and Complete KYC
  • Fill out necessary Google Forms
  • Answer the educators’ questions and participate in the sessions’ activity Rewards will be shared 10 working days after the completion of each series.

About WhaleFin

WhaleFin is  Amber  Group’s flagship digital asset platform, empowering users with the right tools to build wealth in an increasingly digital era. It is essentially an all-in-one platform serving as the preferred digital asset gateway for customers at any experience level.

You can sign up here: https://www.whalefin.com/web/home

About Amber Group

Amber Group is a leading digital asset platform operating globally. The firm provides a full range of digital asset services spanning investing, financing, trading and spending. Its 24/7 trading desk serves over a thousand institutional clients globally while the integrated digital asset platform WhaleFin serves the individual investors via mobile and desktop applications. To date, Amber Group has cumulatively traded over $1T, with $5B in assets under management.

This year, Amber Group raised $200M in a Series B+ round led by Temasek at a valuation of $3B. To date, Amber Group has raised a total of $328 million in funding from world-class investors such as Temasek, Sequoia Capital, Paradigm, Tiger Global Management, Dragonfly Capital, Pantera Capital, Coinbase Ventures, and Blockchain.com.

Amber Group recently announced that it has successfully secured comprehensive global insurance coverage protecting digital assets held in its wallet infrastructure on behalf of clients, including direct insurance policy, indirect coverage and insurance-backed Theft Protection. Amber Group also recently announced that it has successfully achieved Service Organization Control (SOC) 2 compliance, ensuring customers are protected by institutional-grade security controls that govern highly regulated industries. For more information, please visit www.ambergroup.io

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Amber Group Business

Amber Group Now Licensed to Operate in Hong Kong With Acquisition of Celera Markets Limited

SINGAPORE, [17] June 2022 – Amber Group, a leading global digital asset platform, today announced its acquisition of Celera Markets Limited, a fully licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. The acquisition represents a significant milestone for Amber Group, as it continues to strengthen its product portfolio to bridge the gap between traditional and digital finance globally.

As a licensed corporation under the Hong Kong SFC, Celera Markets is a discretionary asset management firm that engages in traditional securities and derivatives brokerage services, with an emphasis on algorithmic execution spanning global venues and asset management mandates.

The acquisition leverages the synergies between Celera Markets and Amber Group, as the latter sets its sights on broadening its advisory and deals offering for financial instruments while adhering to the regulatory parameters set by the SFC. Through the acquisition, Amber Group has secured five types of SFC licenses – Type 1, 2, 4, 5 and 9 – which allows the company to carry out a broad range of services including advising on and dealing in securities and futures contracts as well as providing asset management services.

This is a landmark moment for Amber Group amid an increasingly complex regulatory landscape in the finance industry. The acquisition strengthens Amber Group’s foothold in Hong Kong, a leading global financial center and one of the world’s most active and liquid securities markets, effectively widening the reach of the company’s products and services to legacy financial market participants.

“Hong Kong holds tremendous strategic value as a key global finance hub, and we are proud to be integrating the best from traditional and digital finance as we expand our presence in the market. As an asset management player with a decade-long track record, Celera Markets offers valuable market expertise and TradFi experience which is critical to our global mission to facilitate the convergence of TradFi and digital asset finance. This acquisition also marks a significant milestone in Amber Group’s commitment to regulatory compliance as we strive to build institutional investors’ trust and confidence in crypto assets. As we continue to hold ourselves to the highest compliance standards and win the trust of an SFC-approved institution, we look forward to welcoming a new era of finance in Hong Kong,“ said Michael Wu, Chief Executive Officer of Amber Group.

Media Contact

Stella Wang

pr@ambergroup.io

About Amber Group

Amber Group is a leading digital asset platform operating globally with offices in Asia, Europe, and the Americas. The firm provides a full range of digital asset services spanning investing, financing, and trading. Amber Group is backed by prominent investors including Sequoia, Temasek, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase Ventures, and Blockchain.com.

For more information, please visit www.ambergroup.io.

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Amber Group Business

Amber Group – May Recap

Corporate News 2022

Announced the partnership with Chelsea Football Club as Official Sleeve Partner, with the logo of WhaleFin to be emblazoned across the kit of both the men’s and women’s teams from the 2022/23 season.

Joined the Travel Rule Universal Solution Technology (TRUST) coalition to comply with the Travel Rule while protecting the security and privacy of customers.

Took part in a beach clean-up at East Coast Park, Singapore, joined by our sustainability partners Zero Waste SG and Whale and Dolphin Conservation.

Product Development and Partnerships

Integrated Chainlink to help bring more secure and reliable asset transaction pricing services to customers.

In the News

Coinquora: Amber Group Partners With Chelsea FC As Official Sleeve Sponsors.

Yahoo Finance: Amber Group Announces Official Sleeve Partnership With Chelsea Football Club.

Disruption Banking: Amber Group Announces Q3 2022 Launch Of Openverse, The Gateway Into The Metaverse.

Bitcoinist: Amber Group Partners With Chainlink For More Reliable Asset Transaction Pricing.

Benzinga: Amber Group Integrates Chainlink To Help Customers Unlock Greater Value In the Blockchain Economy.

Reuters: Stablecoin Terra’s Broken Dollar Peg Hits Wider Crypto Markets.

Macquarie Website: Soft Power In The Metaverse.

Medium: Position Exchange’s Reentrancy Loophole Explained.

Medium: Roadmaps.

Events and Media Appearances

CEO Michael Wu joined the Macquarie Australia Conference to share his insights on metaverse / Web3.

Managing Partner Annabelle Huang joined a webinar hosted by CMU T&E to talk about how to build Web3 startups.

Managing Partner Annabelle Huang joined a panel discussion hosted by CoinDesk to discuss opportunities across different market structures.

Partner Delroy Fong joined a panel discussion at Singapore Institutional Digital Asset Summit on digital assets derivatives.

Europe Managing Director Sophia Shluger joined a panel discussion at London AIM Summit to discuss how institutions are going beyond Bitcoin and adopting the broader digital asset class.

Europe Managing Director Sophia Shluger joined a YouTube live session with BTS Labs to dive deeper into Ethereum 2.0, DeFi Movement, Cross-chain Bridges and DAO.

Europe Managing Director Oksana Grinchak joined a webinar hosted by Macro Hive to discuss the market chaos and what is next for crypto.

Europe Managing Director Francesco Adiliberti joined a panel discussion hosted by Dukascopy Bank to share his outlook on the IT ecosystem in Switzerland.

Sponsored Blockchain Fest 2022 in Cyprus and Senior BD Director for Continental Europe Stefan Becker was interviewed at a Fireside chat session.

Attended the NexTech Expo Week in Tokyo and showcased WhaleFin, Blue Whale Club and Openverse to the Expo visitors.

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Amber Group Business

Amber Group – April Recap

Corporate News

Approved as a member of the International Swaps and Derivatives Association (ISDA).

Managing Partner Annabelle Huang named on Makinsey’s annual Top Women Innovators list.

Product Development and Partnerships

Partnered with The Dodge NFT and PleasrDAO to make NFTs more accessible.

In the News

Disruption Banking: Amber Group joins International Swaps and Derivatives Association; among one of the few global crypto players in ISDA.

Yahoo Finance: First fractionalized NFT on tier 1 exchange.

U.Today: Amber Group, PleasrDAO ready to launch DOG fractionalized NFT on Huobi.

CoinGape: The Doge NFT, PleasrDAO and Amber Group partner Up to make NFTs more accessible.

Cointelegraph: Crypto seen as the ‘future of money’ in inflation-mired countries.

Mckinsey Website: The Committed Innovator: Women continuing to change the world.

YouTube: Can cryptos fit in your retirement portfolio? Here’s how – Amber Group’s Sophia Shluger.

Medium: Automated Market Makers (AMMs): Versioning up.

Events and Media Appearances

Managing Partner Annabelle Huang joined a panel discussion titled “Institutional Adoption of Cryptos – How fast and deep institutions are adopting the new asset class” by the FinTech Association Hong Kong.

Managing Partner Annabelle Huang joined Citigroup’s 9th Digital Money Symposium in a panel discussion on mainstreaming digital assets and building bridges between TradFi and DeFi.

CSO Dimitrios Kavvathas joined The Hong Kong Securities and Investment Institute’s webinar series and delivered two keynote speeches on “A New (Crypto-Enabled) Financial System”. 

Attended IFGS 2022 in London;  Europe Managing Director Sophia Shluger joined two panel discussions: one on digital wealth management and the other one on the infrastructure of responsible innovation.

Europe Managing Director Sophia Shluger joined a panel discussion on “Unicorns In The Cryptosphere – How Blockchain Will Revolutionize The World” at the WILD3 Conference.

Sponsored the Paris Blockchain Week Summit 2022 and Europe Managing Director Sophia Shluger joined two panel discussions on “Financial markets & Web3” and “The Rise of Decentralized Finance”. 

Europe Managing Director Sophia Shluger joined Group Futurista’s Future of Treasury Management Virtual Summit and delivered a keynote speech on “Digital Wealth: The Evolution of Value”.

Europe Managing Director Sophia Shluger joined a panel discussion titled “Investing in Digital Assets in an Institutional Context” hosted by Nordic Blockchain Association and Copenhagen Fintech Lab in Copenhagen.

Sponsored and attended Bitcoin 2022 in Miami by Bitcoin Magazine.

Sponsored the 2022 Future Commerce in Taipei and Taiwan Regional Director John Lee joined a keynote session on digital wealth and a panel discussion session on angel investment.

Taiwan Regional Director John Lee delivered a speech at Hackathon 3.0｜Solana Asia Series – Taiwan by EPOCHS.STUDIO.

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Amber Group Business

Amber Group Announces Q3 2022 Launch Of Openverse, The Gateway Into The Metaverse

SINGAPORE, 11 May 2022 — Amber Group, the leading global digital asset platform, today announced its entry into the metaverse with the launch of Openverse, a Web3 enablement platform for creators, brands and businesses. A culmination of Amber Group’s multi-disciplinary expertise in digital architecture and blockchain-native infrastructure, Openverse serves as a gateway to the metaverse, empowering Web2 creators, brands and businesses with tools and services to transition into Web3. 

With the metaverse economy projected to reach $13 trillion by 2030, Openverse marks Amber Group’s venture into Web3 community building. Due to launch in Q3 2022, Openverse is a significant milestone in Amber Group’s plans to aid businesses, industries and societies as they transition into Web3. As a one-stop platform, Openverse will create entry points into the metaverse by delivering end-to-end creative and digital infrastructures for creators, brands and businesses.

“Digital assets are the first step in realizing a decentralized future where people are empowered to create and connect with online communities, unlocking new digital experiences. While there has been a lot of interest in the metaverse, it remains largely conceptual. With Openverse, we are taking a solid step towards creating this digital reality for all. Backed by our expertise and partnerships within the digital asset ecosystem, Openverse is at the forefront of onboarding businesses and communities into the metaverse, unlocking the true potential of decentralization,” said Amber Group’s Chief Executive Officer, Michael Wu. 

Openverse is designed to be a Web3 enablement platform, supported by leading real-time 3D rendering technology to create an experiential digital world for all users. The platform will be accessible on mobile, desktop and VR platforms, and will come equipped with features such as real-time content interaction, gameplay, customizable digital avatars and an NFT valuation system. Openverse will also leverage Amber Group’s flagship digital asset platform, WhaleFin, for its crypto financial services, creating synergies with the company’s thriving  consumer business line to expand the reach of its digital asset services. 

“We are excited to launch Openverse, and convert the possibilities of the metaverse into reality in the next few months. As we develop a gateway for everyone to journey into the metaverse together, we are also building a strong line-up of partnerships with gaming studios, sporting brands, digital artists and creators in an effort to bridge the gap between physical and virtual economies. Not only will this encourage more Web2 users to migrate into the metaverse, it will also herald a new era for digital assets worldwide,” said Openverse’s Chief Executive Officer, Jo Xu.

-END- 

Media Contact

Stella Wang

pr@ambergroup.io

About Amber Group

Amber Group is a leading digital asset platform operating globally with offices in Asia, Europe, and the Americas. The firm provides a full range of digital asset services spanning investing, financing, and trading. Amber Group is backed by prominent investors including Sequoia, Temasek, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase Ventures, and Blockchain.com. 

For more information, please visit www.ambergroup.io.

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Amber Group Business

Amber Group – March Recap

Named one of CB Insights’ 2022 Blockchain 50, an annual ranking of the most promising blockchain and crypto companies in the world.

Announced the appointment of Ehsan Haque as the General Counsel for the Europe, Middle East and Africa (EMEA)  region.

CEO Michael Wu selected as a recipient of the “Top 100 CEOs in Innovation Award 2022” by Word Biz Magazine.

Product Development and Partnerships

Participated in Mina Foundation’s token sale, EthSign’s seed round, and Zecrey protocol’s angel round.

In the News

World Biz Magazine:Michael Wu, CEO of Amber Group – interview WBM Top 100 Innovation CEO.

CNBC: For crypto to be adopted globally, we will have to comply with regulators: Crypto-trading platform.

Bloomberg: Bankers Who Stay in Hong Kong Are Rewarded With a Pay Bonanza.

Economist:EthSign raises $12 million in stable coin led by Sequoia Capital India, Mirana Ventures.

Forkast News: From crisis currency to consumer adoption: What next for crypto?

CoinDesk: Mina foundation raises $92M to accelerate adoption of Zero-Knowledge Proofs.

Cointelegraph: If the glass slipper doesn’t fit, smash it: Unraveling the myth of gender equality in crypto.

AMBCrypto: Amber Group strengthens management team with Ehsan Haque as EMEA General Counsel.

CoinCu: Zecrey protocol has raised $4M in an angel fundraising round.

Chain Debrief: Is the user experience in DeFi bad? Opportunities, challenges and how to see growth in DeFi.

Medium: Reproducing the $APE airdrop flash loan arbitrage/exploit.

Medium: Non-fungible trends.

Events and Media Appearances

CEO Michael Wu joined Forkast News to discuss crypto’s consumer adoption and what’s next for crypto.

CEO Michael Wu joined CNBC Street Signs Asia to share how Amber Group seeks a balance between regulation and crypto development.

CEO Michael Wu gave an interview with Economist Impact at Technology for Change Week on how to stay ahead of the curve in the fintech space.

Managing Partner Annabelle Huang joined Economist Impact’s Asia Trade Week to discuss the future of crypto as payment in Asia.

Managing Partner Annabelle Huang joined Avalanche Summit to discuss the opportunities and challenges in DeFi.

Managing Partner Annabelle Huang joined Goldman Sach’s panel discussion on “Digital assets – Investing in the future” to celebrate International Women’s Day.

Managing Partner Annabelle Huang gave a guest lecture on DeFi and Web3 for the International Finance class at Singapore Management University.

Managing Partner Annabelle Huang joined the DIG FIN VOX podcast to talk about Amber Group’s move to Singapore and into retail.

CSO Dimitrios Kavvathas joined Blockchain Africa Conference 2022 to discuss institutional investment in crypto.

CSO Dimitrios Kavvathas joined FinTech Festival India at a panel discussion on “De-Fi – A better solution for peer-to-peer lending”.

CSO Dimitrios Kavvathas joined the World Blockchain Summit in Dubai at a panel discussion on “Fostering the global crypto ecosystem”.

Europe Managing Director Sophia Shluger delivered a keynote speech on digital wealth at Blockchain Africa Conference 2022. 

Europe Managing Director Sophia Shluger joined the CryptoCompare Summit in London to discuss the building blocks of the new digital economy.

Europe Managing Director Sophia Shluger joined the FundFocus Europe 2022 conference to discuss the foundation for the widespread institutional adoption of cryptocurrency. 

Latin America Managing Director Nicole Pabello joined the Ethereum Rio conference to discuss the LATAM Ecosystem in the world.

Institutional Sales Director Justin d’Anethan joined EmergentX’s Annual Digital Asset Summit to discuss the institutionalizing of the digital asset industry. 

Managing Director Ben Radclyffe joined Credit Suisse’s Asian Investment Conference to discuss the spillovers between crypto and equity markets.

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Amber Group Business

Amber Group strengthens management team with Ehsan Haque as EMEA General Counsel

SINGAPORE, 21 March 2022 — Amber Group, a leading global digital asset platform, is proud to announce the appointment of Ehsan Haque as its General Counsel for the Europe, Middle East and Africa region (EMEA). Amber Group’s latest appointment comes amid the company’s global expansion plans and its ambitious licensing and regulatory roadmap. The company, now valued at US$3 billion following two successful Series B and Series B+ rounds, has since been expanding with new offices worldwide and regulatory licenses secured in Europe, Latin America and Asia.

As Amber Group’s General Counsel, Ehsan will work closely with Chief Operating Officer (COO) Wayne Huo to lead Amber Group’s legal and regulatory risk management in the EMEA region, and ultimately deepen the company’s relationship with regulatory authorities in these markets.

Ehsan joins Amber Group after an illustrious career as an in-house counsel at various established investment banks, broker dealers, private equity firms and fintech start-ups. Ehsan trained at renowned international law firm, Slaughter and May, before joining Deutsche Bank as an in-house counsel, overseeing Equities Sales Trading and Global Markets Derivatives. He later joined Royal Bank of Scotland (RBS) Global Banking and was part of the senior management team at Nomura’s EMEA Legal Department where he led the Equities legal product coverage for the region.

Ehsan was most recently a General Counsel at two different fintech start-up businesses, including Lendingblock, a cryptocurrency borrowing and lending platform. He served as Global General Counsel at a private equity firm that has US$13B AUM across the fintech and digital assets space prior to joining Amber Group. Ehsan also acts as an advisor to a leading fintech accelerator and was featured in The Lawyer Hot 100 2022 list.

“I am excited to be joining Amber Group at this stage of its incredible growth journey so far. The regulatory landscape for digital assets is ever-evolving and these coming few years will be defining ones for the industry as we work towards securing eventual regulatory clarity across the EMEA region and the world. I look forward to supporting the company’s growth and to guiding the legal and regulatory risk management as part of Amber Group’s strategy in the EMEA region,” says Ehsan Haque.

“The  EMEA region has long been a strategic market for Amber Group as the region has led a variety of neobank and neobroker-related innovations for the global financial ecosystem. We are proud to be welcoming Ehsan who makes a great addition to our team at Amber Group. With his strong track record in both traditional finance and emerging fintech start-ups, we are excited to work with Ehsan and build a strong regulatory framework that supports the viability and utility of new industry innovations in the EMEA region and accelerate the company into the next phase of growth,” says Amber Group Global COO, Wayne Huo.

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Media Contact

Stella Wang

pr@ambergroup.io

About Amber Group

Amber Group is a leading digital asset platform operating globally with offices in Asia, Europe, and the Americas. The firm provides a full range of digital asset services spanning investing, financing, and trading, servicing over 1,000 institutional clients and a growing number of individual investors worldwide. 

For more information, please visit www.ambergroup.io.

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Amber Group Business

Temasek leads Amber Group’s $200M Series B+ round, valuing the company at $3B

SINGAPORE, 22 February 2022 — Amber Group, a leading global digital asset platform, today announced a $200 million Series B+ round led by investment company Temasek, with participation from existing shareholders including Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners, and Coinbase Ventures among others. A significant follow-up to Amber Group’s 2021 $100 million Series B round, this Series B+ round is the largest investment in Amber Group, valuing the company at $3 billion. Total capital raised at Amber Group now stands at $328 million.

This Series B+ round comes at a time of rapidly increasing digital asset adoption globally. The investment reinforces Amber Group’s strategic alignment with its investors, as well as a shared vision of digital assets’ future in a new, digital economy. 

“From radically transforming the concept of ownership and value in the global economy, digital assets are redefining the way we live outside of the financial ecosystem. At Amber Group, we want to do more than just enable mainstream digital asset adoption. We want to help create a digital future where digital assets empower people with the opportunity and agency to shape a better world for all. We are proud to have the support of our investors who not only share this vision but also put their capital and trust in us to achieve it,” said Amber Group’s Global Chief Executive Officer, Michael Wu. 

Founded in 2017, Amber Group has developed expertise in servicing both institutional and consumer markets. With global operations across 12 cities, the Singapore-headquartered company is one of the world’s leading liquidity providers, offering clients services that include algorithmic execution, electronic and OTC market-making derivatives, structured products, and advisory services. Amber Group also offers an award-winning consumer app, WhaleFin, and a full set of creative services and infrastructure in its OpenVerse business. 

Amber Group is experiencing tremendous global growth, with cumulative transaction volume surpassing $1 trillion and assets under management growing to over $5 billion since its inception.  Amber Group’s institutional business continues to benefit from a strong systematic pricing framework and a focus on client service while the company’s consumer business, WhaleFin, allows mainstream investors to build wealth in the digital era, further democratizing access to the world of crypto finance. OpenVerse, Amber Group’s creator-focused venture, forms another key business pillar for the company as it launches support for creators, brands, and studios through its suite of services and digital infrastructure. 

Amber Group’s industry leadership is reinforced by its commitment to upholding security and regulatory compliance. The company is among the first global digital wealth platforms to have achieved Service Organization Control (SOC) 2 compliance – an external, independent audit that benchmarks industry best practices in IT, security, and privacy controls. The company has also extended its list of licences after securing regulatory approvals from in-market financial authorities in Australia, the UK, Japan, and Switzerland. Amber Group is now expanding into new markets around the world through regulatory licensing and strategic acquisitions, such as the company’s latest acquisition of Japanese crypto exchange, DeCurret Inc. 

“This latest round of capital will bring Amber Group to the next level. Besides making key hires to support our institutional business in Europe and the Americas where there have been tremendous interest from traditional financial institutions and large family offices, we plan to expand WhaleFin’s global footprint in both developed and developing markets worldwide and advance OpenVerse, which is already experiencing hyper-growth with a strong line-up of gaming studios, sports collectibles, digital artists and other partner brands. We will cast our sights beyond business expansion and strategic acquisitions too, as part of our commitment to building a sustainable future for all. We will continue to broaden our support of sustainability initiatives, with our recent partnership with the Whale and Dolphin Conservation (WDC) being only the start of this journey,” added Wu.

“Digital assets are becoming an increasingly important category to watch, especially for institutional investors. With investment in Amber Group’s previous round, we are impressed by the professionalism of Michael and his team, as well as their ability to execute, their growth and focus on compliance. We continue to invest this round and believe Amber Group has the potential to become a leading digital asset platform in Asian market,” said Steven Ji, Partner of Sequoia China. 

“Since Tru Arrow’s initial investment in Amber Group in 2021, it has been apparent to us that the company is building a transformational, global digital asset institution. Amber Group shows leadership in the quality of its team, standard of its regulatory approach and scale of its ambitions. With this ongoing endorsement from some of the world’s leading investors, the company continues to deliver on its growth plan without compromising on the integrity of its core principles. As a global investment partnership of some of the world’s leading families and entrepreneurs, Tru Arrow is proud to redouble its commitment to Amber Group, and take our collaboration to a new phase of expansion,” said James Rothschild, Co-Founder and Managing Partner at Tru Arrow Partners.

“It’s been exciting to see Amber Group’s growth, as both an investor and a trading partner. When we originally invested in the company, we had high expectations – reality has exceeded our expectations. Their 24/7 global coverage team has helped Pantera execute over $1.1b in trades in 2021 and that continues to grow. The Amber Group team has done a phenomenal job building an institutional-grade platform and we’re proud to be a part of their story,” said Dan Morehead, Founder and Chief Executive Officer at Pantera Capital.

-END- 

Media Contact

Stella Wang

pr@ambergroup.io

About Amber Group

Amber Group is a leading digital asset platform operating globally with offices in Asia, Europe, and the Americas. The firm provides a full range of digital asset services spanning investing, financing, and trading, servicing over 1,000 institutional clients and a growing number of individual investors worldwide. 

For more information, please visit www.ambergroup.io.

Categories
Amber Group Business

Amber Group – January Recap

Exceeded $1 trillion in cumulative transaction volume and $5 billion in assets under management.

Completed the Service Organization Control (SOC) 2 audit conducted by Deloitte who measured the Security, Availability, Confidentiality, Processing Integrity, and Privacy of our online service.

WhaleFin UK joined CryptoUK, the trade association for the UK’s crypto digital sector.

Product Development and Partnerships

WhaleFin partnered with the leading non-profit organization Whale & Dolphin Conservation (WDC)  and officially adopted a 46-year-old female humpback whale named Salt.

Sponsored the Avalanche Asia Hackathon for developers and early stage projects to build and scale innovative new solutions and dApps.

In the News

Market Watch: Amber Group services certified to have achieved SOC2 compliance.

The Block: WhaleFin partners with non-profit organization Whale and Dolphin Conservation.

CITY.A.M: Amber Group toasts ‘gold standard’ SOC 2 compliance success.

EKM Innovations: Predictions 2022! Amber Group Founder / CEO Michael Wu on crypto, blockchain, digital assets, tradfi, metaverse and sustainability.

Medium: Navigating Zero Knowledge.

BeInCrypto: Amber Group 2021 recap.

Events and Media Appearances

CEO Michael Wu invited on Forkast News  to comment on the rocky start of crypto in 2022, share his thoughts on how to build a crypto portfolio, and respond to the impact of the rising Russia-Ukraine tensions on crypto.

Head of the Americas Jeffrey Wang joined Yahoo Finance Live to discuss the 2022 cryptocurrency market outlook.

Head of the Americas Jeffrey Wang invited on Blockworks Webinar to talk about crypto market structure and how it differs from traditional financial markets.

Managing Partner Annabelle Huang interviewed by EmergentX Insights on her industry and market predictions for 2022.