Share this article
Hong Kong-Based Crypto Unicorn Amber Group Eyes US Listing: Report
The financial services firm’s offering may raise regulatory eyebrows in the U.S.
Updated May 11, 2023, 5:50 p.m. Published Sep 23, 2021, 8:03 p.m.
Make us preferred on Google
Crypto financial services firm Amber Group is weighing a direct listing, with the U.S as the “likely destination,” according to its CEO.
- A direct listing is “on the table” in the next two years, Michael Wu said in an interview with South China Morning Post.
- “The U.S is a likely destination, but we’re open-minded,” he said.
- Aspects of Amber’s plans may raise regulatory concern in the U.S. Amber allows customers to earn interest on crypto holdings by lending to other clients at a higher rate. Publicly listed crypto exchange Coinbase recently aborted plans to launch a similar service after the Securities and Exchange Commission threatened to sue it for offering what it considered to be an unregistered security product.
- Amber Group also offers algorithmic, high-frequency and over-the-counter trading to institutional clients and has operations in Hong Kong, Taiwan, South Korea and Canada.
- The company attained unicorn status in June following a $100 million funding round that gave it a valuation of $1 billion. Its investors include Tiger Global Management, Coinbase Ventures and Blockchain.com.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Read more: The SEC to Coinbase: Crypto Banking Is Still Banking
More For You
Specialized AI detects 92% of real-world DeFi exploits
New research claims specialized AI dramatically outperforms general-purpose models at detecting exploited DeFi vulnerabilities.
What to know:
- A purpose-built AI security agent detected vulnerabilities in 92% of 90 exploited DeFi contracts ($96.8 million in exploit value), compared with 34% and $7.5 million for a baseline GPT-5.1-based coding agent running on the same underlying model.
- The gap came from domain-specific security methodology layered on top of the model, not differences in core AI capability, according to the report.
- The findings come as prior research from Anthropic and OpenAI shows AI agents can execute end-to-end smart contract exploits at low cost, accelerating concerns that offensive AI capabilities are scaling faster than defensive adoption.
Top Stories
