Record Revenue Growth
Total revenue increased to $14.9 million from $1 million a year ago, driven by the successful merger and expansion of wealth management solutions.
Significant Increase in Wealth Management Revenue
Revenue from wealth management solutions surged to $9.9 million from $0.6 million in the same period last year.
Improved Profitability
Gross profit doubled to $11 million with margins increasing to 74% from 46% last year. Net income was $900,000 compared to a net loss of $12 million last year.
Launch of uMINT Product
uMINT, a tokenized money market fund developed with UBS Asset Management, offers clients yield on stable coins, integrating with Amber Premium crypto card for global spending.
Introduction of $100 Million Crypto Ecosystem Reserve
The reserve aims to strategically engage with ecosystem tokens like Bitcoin, Ethereum, Solana, and Binance Coin, preparing for future digital asset roles in institutional finance.