This global digital asset company has seen revenues surge — and reveals why

A global digital asset company says its revenue hit $250 million in the first half of 2022 — a 25% increase when compared with the same period a year earlier.

Amber Group claims state-of-the-art trading infrastructure, effective risk management and a diverse client base has been instrumental to its profitability.

Earlier this year, the platform completed a $200 million Series B+ funding round — with Temasek, Sequoia China, Pantera Capital and Coinbase Ventures among the participants. This helped the company achieve a valuation of $3 billion.

A crucial driver for growth has been ensuring that it has the licenses it needs to operate around the world — and Amber Group has worked closely with regulators in the U.S., Hong Kong, Canada, Australia, Switzerland, the U.K. and Japan.

Amber Group's CEO, Michael Wu, told Cointelegraph: "While current market conditions continue to be challenging, we are confident that the company is in a strong position to deftly navigate these conditions and sustain the momentum on our growth trajectory."

Wu reinforced that sustainability is at the heart of his company's roadmap — and the team plans to continue making "strategic investments in core business areas aimed at delivering sustainable revenue growth, while maintaining profitability." 

Over the next 12 months, Amber Group also wants to "deepen its footprint in Asia" and enhance its core businesses — including its trading infrastructure and WhaleFin, the company's wealth management platform.

Insuring assets, assuring customers

The company's ambitions don't end here. Looking ahead, it's continuing to build on a comprehensive insurance plan with $100 million of coverage — protecting the digital assets held in wallets on behalf of clients.

Back in June, the platform secured this policy with Arch Syndicate 2012 of Lloyd's of London — one of the world's leading global providers.

At the time, Amber Group said that security and privacy have become "increasingly prioritized as cornerstones for user confidence in digital assets" — and for institutions looking to gain exposure to digital assets, such safeguards are crucial. 

This is complemented by continual monitoring for transaction anomalies — cracking down on unauthorized access. At the time, Wu explained: "The global crypto market is expanding exponentially, but the rise of cybercrime incidents in the crypto space is still a major concern for many investors. 

"As we continue to drive the adoption of digital assets worldwide, Amber Group is extremely committed to upholding the highest standards in security for our customers."

Joining forces

No man is an island — and neither is crypto. This is an industry filled with thousands of projects and platforms working on exciting things. Because of this, Amber Group has forged partnerships to help the digital assets sector thrive.

Over the summer, WhaleFin and top-flight soccer team Atlético de Madrid teamed up with STEPN — a Web3 lifestyle app that rewards users for exercising outdoors — to launch an NFT collection of digitally hand-drawn sneakers. They all had differing degrees of rarity, with some unlocking special perks such as signed jerseys.

At the time, Amber Group's managing director Annabelle Huang said the company was striving "to go beyond digital wealth and into digital lifestyle, and empower Web2 businesses and brands like Atlético de Madrid transition into Web3."

Web2 brands taking the plunge and embracing the next era of the decentralized internet is set to be a major trend, as well as institutional investors incorporating digital assets into their strategies.

As the 2020s progress, Amber Group says it is determined to capitalize on both of these trends — and play a starring role in bringing them to life.