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SINGAPORE - Amber International Holding Limited (NASDAQ:AMBR), a $953 million market cap company known as Amber Premium, has announced the appointment of an artificial intelligence (AI) agent named MIA as its official AgentFi Ambassador. According to InvestingPro data, the company currently trades above its Fair Value, suggesting investors should carefully evaluate entry points. MIA, developed by ai.ac, an AgentFi platform within Amber Group’s ecosystem, will represent Amber Premium in quarterly earnings calls and at various investor and community events.
Wayne Huo, CEO of Amber Premium, stated that incorporating MIA into the team signifies a strategic move to enhance the company’s scale, operational efficiency, and engagement in institutional crypto finance. This initiative comes as the company faces significant challenges, with revenue declining by 69% and a current ratio of 0.74 indicating potential liquidity constraints. He emphasized that this appointment is part of a broader commitment to leading the evolution of integrating AI with decentralized finance (DeFi).
Michael Wu, Chairman of the Board of Amber Premium and CEO of Amber Group, highlighted the significance of adopting advanced AI technologies like MIA in meeting the growing institutional demand for sophisticated crypto services. He mentioned that through ai.ac, they aim to build a foundation for an economy where AI agents can independently launch and manage financial ecosystems.
Amber Premium, a subsidiary of Amber Group, provides institutional-grade market access and investment solutions to optimize digital asset portfolios. The firm leverages proprietary blockchain and financial technologies, AI-driven risk management, and quantitative algorithms across centralized finance (CeFi), DeFi, and over-the-counter (OTC) markets.
MIA is the first AI agent developed on the ai.ac platform, which is designed to empower AI agents to autonomously operate and collaborate within the financial sector. The platform’s Agent Initial Coin Offering (AICO) model allows AI agents to become self-sustaining economic entities.
Amber Group, backed by Coinbase Ventures, is advancing AI integration in DeFi and has deployed MIA on Base, Coinbase’s Layer 2 blockchain.
This move by Amber International reflects a growing trend in the financial industry to integrate AI into various facets of operations, signaling potential shifts in how companies interact with stakeholders and manage their financial ecosystems. With a gross profit margin of 27%, the company faces profitability challenges in its transformation journey. The information for this report is based on a press release statement and financial data from InvestingPro, which offers additional insights through 12+ financial health indicators and exclusive analysis.
In other recent news, Amber International Holding Limited has announced the creation of a $100 million crypto ecosystem reserve. This initiative aims to support the company’s strategic growth and enhance its position in both traditional and decentralized finance. Additionally, Amber International has completed the acquisition of Sparrow Tech Private Limited, a digital asset service provider in Singapore, which will be rebranded as Amber Premium Singapore. This acquisition aligns with Singapore’s regulatory standards and is expected to enhance Amber’s service offerings. Furthermore, Amber International is preparing to release its fiscal year 2024 financial results on April 28, 2025, followed by an earnings call to discuss its financial performance. The company has also recently debuted on Nasdaq under the ticker symbol "AMBR" after completing its merger with Amber DWM Holding Limited. This merger positions Amber International as a global brand in the institutional digital asset finance sector. Lastly, iClick Interactive Asia Group Limited, now part of Amber International, has completed its merger with Amber DWM, further solidifying its presence in the digital wealth management industry.
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