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Amber International Is First Asian Listed Firm To Launch On-Chain Shares Under AMBRx Symbol
Benzingaยท 2025-08-19 22:17
Group 1 - Amber International Holding Ltd. has become the first Asia-based public company to offer its stock on-chain, trading as AMBRx on the Solana blockchain [2] - The tokenized stocks like AMBRx can be accessed alongside major companies such as Apple, Tesla, and Nvidia through the xStocks Alliance, which provides round-the-clock on-chain access to U.S. equities and ETFs [2] - The company raised $25.5 million through a private placement with participation from notable investors, including CP Group and Pantera Capital [3] Group 2 - Amber plans to use the raised funds to support strategic investments in high-potential cryptocurrencies such as Bitcoin, Ethereum, and Solana, as part of its $100 million crypto ecosystem reserve [3] - As a Singapore-based institutional crypto services provider, Amber is actively forming partnerships with other players in the crypto industry to enhance its influence and expand service offerings [4]