Digital asset platform Amber Group is valued at $3 billion after a $200 million Series B+ funding round


Digital asset platform Amber Group landed a $200 million Series B+ funding round, valuing the company at $3 billion.

Michael Wu, Global CEO of Amber Group

The round was led by investment firm Temasek and also saw participation from existing shareholders Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners and Coinbase Ventures, among others.

Series B+ follows the company’s previous Series B in 2021, which saw it raise $100 million. Total investment to date in the company now stands at $328 million.

Founded in 2017 and based in Singapore, Amber Group operates in both institutional and consumer markets across 12 cities.

It provides over 1,000 institutional clients with algorithmic execution, electronic and over-the-counter market making derivatives, structured products and advisory services. The company also offers a consumer-centric digital investment app called WhaleFin.

Michael Wu, Global CEO of Amber Group, said, “By 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.”

Wu adds that Amber Group’s goal is to help create a digital future “where digital assets give people the opportunity and the agency to shape a better world for all.”

Amber Group boasts a cumulative trading volume of over $1 trillion and says its total assets under management have grown to over $5 billion since inception.

The platform is expanding into new markets around the world through regulatory licensing and strategic acquisitions, including the acquisition of Japanese crypto exchange DeCurret Inc.

The company will use the new capital to hire across its institutional businesses in Europe and the Americas, expand Whalefin’s global footprint, and grow its OpenVerse business pillar focused on content creators.


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