- Amber International boosts crypto reserve with $25.5 million private placement
- The company aims to bolster its Web3 financial infrastructure, including Real World Assets (RWA) and AgentFi
- It recently announced a partnership with DeFi Development Corp to build Solana-based structured products and staking services
Amber International, a subsidiary of the global crypto financial services firm Amber Group, has secured a $25.5 million private placement from major institutional investors such as Pantera Capital, CMAG Funds, Mile Green, Choco Up, and Kingkey Financial International. In what is essentially a direct sale, the company offered its shares to this specific group of investors, bypassing the public markets.
The deal was set at $10.45 per ADS (American depositary share), representing a modest 5% discount to its recent trading price. This raise marks over 25% of the intended $100 million crypto reserve initiative.
Interestingly, Amber is using the funds to expand its $100 million Crypto Ecosystem Reserve, which already includes Bitcoin, Ethereum, and Solana. Now, due to the expansion, the allocation will also include Binance Coin, Ripple, and Sui.
A Diversified Bet on Web3 Infrastructure
By investing across major blockchains plus newer ecosystems like BNB and SUI, it seems that Amber is looking to bolster its Web3 financial infrastructure, including Real World Assets (RWA) and AgentFi. A shift in venture capital has pushed crypto firms to rely more on internal treasury reserves to sustain innovation, and it seems like Amber is following this pattern.
In other news, a little while back, Amber Premium (a brand name used by Amber International) announced a partnership with DeFi Development Corp to build Solana-based structured products and staking services.
Why BNB, XRP, and SUI?
Amber already holds major Layer 1s (BTC, ETH, and SOL), and by adding BNB, XRP, and SUI, the company seeks to broaden its multi-chain exposure and engage with different blockchain communities and use cases.
These blockchain networks cater to distinct sectors:
- BNB is used for DeFi and trading
- XRP focuses on payments and liquidity
- SUI supports emerging DeFi and EVM-compatible smart contracts
All three have had some buzz around them lately, with XRP regaining exposure amid rumors of ETF approvals and institutional treasuries committing to it. On the other hand, BNB is benefiting from projects like Nano Labs building large reserves, which points to growing institutional participation.
Lastly, SUI has seen explosive developer interest (roughly 54% growth) and is gaining traction via filings like the US ETF 19b-4.
Amber’s goal is to use these tokens not just as assets, but as infrastructure tools for providing liquidity, funding devs, and enabling product integrations.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
