Record Revenue Growth
Amber International Holding Limited reported a significant increase in total revenue, reaching $14.9 million, up from $1 million a year ago. This growth is attributed to the successful merger and expansion of Amber DWM business.
Wealth Management Solutions Surge
Revenue from wealth management solutions increased to $9.9 million from $0.6 million in the same period last year, reflecting strong demand for tailored financial solutions.
Increased Profit Margins
Gross profit nearly doubled to $11 million, with gross profit margins improving to 74% from 46% in the first quarter of 2024, indicating enhanced profitability.
Launch of uMINT
The debut of uMINT, a tokenized money market fund developed in collaboration with UBS Asset Management and DigiFT, offers clients yield on stablecoins with blockchain integration, representing a major step in product innovation.
Introduction of $100 Million Crypto Ecosystem Reserve
Amber Premium announced a $100 million crypto ecosystem reserve to support future growth and market positioning, focusing on high-conviction assets like Bitcoin, Ethereum, Solana, and Binance coin.
Positive Client Metrics
Client assets on the platform reached $1.28 billion, growing 11% year-over-year, and the KYC user base expanded by 22%.