SINGAPORE, July 20,
2023 /PRNewswire/ -- Amber Group, a leading provider
of digital wealth management and crypto native
liquidity solutions, today announced that it reached an agreement
on a strategic framework of investment and technology cooperation
with Hong Kong Digital Asset Exchange ('HKD.com'), a
first-of-its-kind digital assets exchange offering both online and
physical branches along with a robust crypto ATM and
POS network.
This landmark agreement, valued at multi-million dollars,
provides an exciting opportunity for both Amber Group and HKD.com
to share insights and explore potential synergies in the digital
asset space. Under the strategic framework, Amber Group will offer
investment and technology support to HKD.com and its non-profit
HDAO Foundation, leveraging its expertise to enhance HKD.com's
security and compliance measures to facilitate its expansion. By
collaborating closely, both companies are well-positioned to
discuss future prospects in digital assets and drive innovation in
the industry.
The agreement takes place amidst the burgeoning growth of
Hong Kong's digital asset market,
which has seen the introduction of the new virtual asset service
provider (VASP) licensing regime, establishing regulations for
crypto exchanges, and ensuring stronger customer
protection. These developments are part of a larger trend toward
increased interest in digital assets. Amber Group's partnership
with HKD.com showcases its dedication to elevating security
standards, contributing to the secure development of digital
assets, and driving financial innovation efforts in Hong Kong. Recently, Amber Group was invited
by the Hong Kong Science and Technology Park (HKSTP) to join the
city's innovation and technology hub.
Thomas Zhu, Chief Technology
Officer and Co-founder of Amber Group says: "As the demand
for cryptocurrency trading is on the rise, it is
important than ever to prioritize security and compliance in the
industry. We're pleased to be partnering with HKD.com, who have
illustrated their commitment to upholding high standards for both.
This collaboration presents a unique opportunity to drive
innovation and contribute to the growth and maturation of the
digital asset industry in Hong
Kong."
Kelvin Yeung, Chief Executive
Officer and Founder of HKD.com says: "We are delighted to
have this strategic collaboration with Amber Group, a recognized
leader in the crypto finance space. This partnership
will empower us to strengthen our infrastructure, enhance our
platform's functionality, and provide our users with an even better
trading experience. With Amber Group's support, we are confident in
our ability to expand our market share and achieve our long-term
goals."
About Amber Group
Amber Group is a leading crypto finance services
provider, specializing in digital wealth management and
crypto-native liquidity solutions. The firm offers a
comprehensive range of digital asset services, spanning liquidity
provisioning, trading, financing, and investing. It is backed by
prominent investors, including Fenbushi Capital US, Sequoia,
Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase
Ventures, and Blockchain.com.
About HKD.com
Hong Kong Digital Asset Exchange (HKD.com) is a first-of-its-kind
digital assets exchange offering both online and physical branches,
along with a robust crypto ATM and POS network.
Through this unique combination of services, armed with global
licenses, HKD.com provides users from all walks of life, an
impeccable experience of buying and selling
cryptocurrency with cash or a bank wire. With a
comprehensive digital asset ecosystem, HKD.com provides users with
the enablement to seamlessly participate in this digital asset
ecosystem. HKD.com's ultimate goal is to eliminate the hurdles
often associated with onboarding on self-service online exchanges,
providing a true zero-barrier crypto exchange for
all.
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SOURCE AMBER AI LIMITED