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SINGAPORE - Amber International Holding Limited (NASDAQ:AMBR), a $903 million market cap company known as Amber Premium, has announced the acquisition of Sparrow Tech Private Limited, a digital asset service provider in Singapore with a Major Payment Institution License. The announcement comes as AMBR’s stock has declined over 9% in the past week, according to InvestingPro data. This move is expected to bolster Amber Premium’s offerings and align with Singapore’s regulatory standards.
Sparrow Tech, which specializes in secure and compliant digital asset solutions for sophisticated investors, is set to be rebranded as Amber Premium Singapore. The rebranding process is anticipated to be completed by April 30, 2025, further integrating the platforms and enhancing the client experience. With the company’s next earnings report due on April 28, investors will be closely watching the integration progress.
Wayne Huo, CEO of Amber International, commented on the integration, stating, "The integration of Sparrow Tech into Amber International is more than a corporate milestone—it reflects our long-term commitment to building a globally compliant, institutional-grade digital asset platform anchored in Asia."
Amber International is a subsidiary of Amber Group and provides institutional-grade market access and investment solutions to optimize digital asset portfolios for institutions and high-net-worth individuals. The firm leverages proprietary blockchain and financial technologies, AI-driven risk management, and quantitative algorithms across various markets.
The information in this article is based on a press release statement from Amber International Holding Limited.
In other recent news, Amber International Holding Limited has announced the completion of its merger with Amber DWM Holding Limited. The company began trading its American Depositary Receipts on the Nasdaq Global Market under the ticker symbol "AMBR." This merger marks a significant milestone for Amber International as it aims to establish itself as a prominent player in the institutional digital asset finance sector. The merger process involved regulatory approvals and asset restructuring, including the acquisition of WhaleFin Markets Limited. Amber International’s strategic focus post-merger includes enhancing trading, expanding investment offerings, and deepening global partnerships. The company also plans to advance regulatory and security standards in response to the growing demand for sophisticated services in the digital asset industry. Additionally, Amber International has scheduled its fiscal year 2024 earnings call for April 28, 2025, where it will discuss its financial performance. Investors and stakeholders are encouraged to tune in for insights into the company’s financial health and strategic direction.
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