Amber International successfully completed a private placement, raising 25.5 million USD. This financial strategy is designed to bolster their institutional operations in the US and Southeast Asia.
The funding involves strategic backers such as Mile Green, Harvest Capital, and Pantera Capital, who will provide crucial market knowledge and expertise beneficial for institutional crypto services.
Wayne Huo, CEO of Amber, shared optimism about the funding’s impact on expanding the company’s crypto capabilities and emphasized the growing opportunities in the Southeast Asian market.
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