Core Viewpoint - Amber International Holding Limited's Dubai subsidiary, Amber Premium FZE, has received in-principle approval from Dubai's Virtual Assets Regulatory Authority, marking a significant step towards full authorization for virtual asset activities in the region [1][2]. Group 1: Company Developments - The in-principle approval is a crucial milestone in Amber Premium's global expansion strategy and demonstrates the company's commitment to operating within robust regulatory frameworks [2]. - Michael Wu, CEO and Chairman of the Board, emphasized that this approval aligns with the company's goal of providing institutional-grade digital wealth management capabilities in the UAE, highlighting a compliance-first approach [3]. Group 2: Industry Context - The approval from VARA reflects a growing trend in the digital wealth management industry towards regulatory compliance and market integrity, which is essential for sustainable participation in the sector [3]. - Amber Premium aims to redefine the digital wealth management landscape by offering institutional-grade market access and investment solutions to high-net-worth individuals and leading institutions [4].

Funding - FNZ secured $650 million in new equity funding from institutional shareholders [1] - This marks the second cash injection from major global investors this year for the digital wealth management platform [1]