According to CoinDesk, Amber Group's recent listing on Nasdaq marks a significant milestone for the crypto industry, potentially paving the way for more companies to follow suit. Paul Veradittakit, a partner at Pantera Capital, highlighted that this move could attract institutional investors who previously lacked a structured entry into the crypto market. Pantera Capital, an early investor in Amber Group, sees this as an opportunity to bring fresh capital into the market, which analysts have noted is currently lacking.
Veradittakit mentioned that several U.S. companies are considering public listings, with ten companies in Pantera's portfolio contemplating this move. This includes crypto custody firms, stablecoin issuers, and developer platforms. Notably, Circle, the issuer of the USDC stablecoin, has filed to go public on the New York Stock Exchange. Veradittakit emphasized that clearer and more supportive U.S. regulations are providing essential "tailwinds" for crypto IPOs, enabling international companies like Amber to explore public listings in the country.
Amber Group's listing demonstrates that the crypto market is not a zero-sum game between Asia and the U.S. but rather a bridge connecting U.S. liquidity with Asian innovation and expertise. Wayne Huo, CEO of Amber Group, stressed that the financial market is large enough to accommodate cooperation between regions. He noted that technological breakthroughs occur most rapidly when the East and West collaborate. Amber plans to leverage the capital and visibility from its listing to support international expansion and the development of institutional crypto financial services. The company's shares closed at $11.38, giving it a market capitalization of approximately $1 billion. Huo expressed optimism about the company's future, stating that this is just the beginning of a much larger stage for Amber Group.
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