Amber Group extends Series B amid digital asset growth

March 14, 2022 0 Comments

Amber Group extends Series B amid digital asset growth

Amber Group, a leading global digital asset platform, has raised $200m in Series B+ funding, bringing the company to a $3bn valuation.

Crypto Is Young, Promising Asset Class: Amber Group CEO


Jun.24 — Michael Wu, co-founder and chief executive officer at Amber Group, discusses his latest round of fundraising, crypto regulation in China and his outlook for institutional adoption. He speaks on “Bloomberg Daybreak: Asia.”

Amber Group: The Gateway to Crypto Finance


This video is sponsored by Amber Group. Michael Wu, Founder & CEO of Amber Group, shares his insights with Leslie Lamb into the crypto landscape and how Amber Group helps you access liquidity, earn yield, and manage risk across crypto assets. To find out more about Amber Group, please visit: https://www.ambergroup.io/

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Amber Group: The Gateway to Crypto Finance
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Amber Group’s Ex-U.S. CEO Raazi Joins EDG, a Digital-Asset Structured Product Firm


Enhanced Digital Group (EDG) is helping bridge the gap between TradFi and digital currencies, and Cactus Raazi brings decades of Wall Street experience including time at Goldman Sachs.

Enhanced Digital Group (EDG), which is helping bring popular traditional finance (TradFi) instruments known as structured products to crypto, has hired a prominent former TradFi executive as head of U.S. strategy.

The appointment of Cactus Raazi, whose decades-long TradFi career included time at Goldman Sachs and Nomura, was announced in an email statement sent to CoinDesk. Raazi joins after being U.S. CEO of crypto trading firm Amber Group.

“It’s a natural next step after leading Amber’s expansion in the Western hemisphere, which was focused on regulatory compliance,” Raazi said in the statement. “With 25 years of sales and trading leadership experience, in both New York and London, at Goldman Sachs and at startups, I’ll be helping the EDG team grow a compliant and dynamic derivatives and structured products business.”

Watch: How Structured Product Trading Works in Crypto

Structured products typically combine several financial products like stocks, bonds or derivatives into a single package, and are designed with a specific financial goal: generating income, protecting an investor’s capital, etc. Their use in crypto is more evidence of the growing sophistication of the industry as it lures conventional investors.

Last year EDG raised $12.5 million in seed round led by WebN Group (a research-based incubator backed by Alan Howard) and Genesis (which, like CoinDesk, is owned by Digital Currency Group).

https://www.coindesk.com/business/2023/04/03/amber-groups-ex-us-ceo-raazi-joins-edg-a-digital-asset-structured-product-firm/

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Amber Group Co-Founder Tiantian Kullander Dies at 30


Tiantian Kullander, co-founder of digital asset company Amber Group, has died. He was 30 years old. According to a statement posted to the company’s website, Kullander passed away in his sleep on Nov. 23. The firm said he “put his heart and soul into the company, in every stage of its growth.”