Global asset manager with $15.3T in assets under management as of June 2026
Spot ETFs · Index funds +3Retail · Institutions +1iShares ETFs · Aladdin +1
Amber Group
Digital asset manager and liquidity provider founded by former Morgan Stanley traders in 2017
3.2/ 5
Our score
Fair
Products
Private fundsManaged accounts
Assets under management
$1B (June 2021)
Flagship products
Digital Wealth ManagementInstitutional Asset ManagementLiquidity SolutionsAmber Labs
What is Amber Group?
Amber Group is an institutional digital asset manager and liquidity provider offering portfolio management, market-making, and quantitative trading solutions. Established in 2017, the firm focuses on customized yield generation, algorithmic execution, and infrastructure services for institutions and private wealth clients.
Leadership and backing
The company was founded by Chief Executive Officer Michael Wu alongside a founding team of former Morgan Stanley traders. Headquartered in Singapore, Amber Group has grown through venture rounds including a $28 million Series A in 2020 and a $100 million Series B round in June 2021 led by China Renaissance. The Series B valued the company at $1 billion and drew participation from Pantera Capital, Coinbase Ventures, Blockchain.com, Tiger Global Management, DCM Ventures, and Sky9 Capital.
Products and operations
Amber Group operates distinct digital finance units, focusing on custom wealth management and over-the-counter liquidity provision. Through its research and early-stage venture arm Amber Labs, the company conducts primary market research and analyzes on-chain security issues. Its developer initiative amber.ac hosts builder programs such as BUIDL_QUESTS 2026 and hackathons. Digital asset management workflows rely on proprietary quantitative strategies to manage market risk across spot and derivative holdings.
Track record and milestones
By June 2021, Amber Group reported handling more than $500 billion in cumulative trading volume across its client base, with assets under management reaching $1 billion and institutional client relationships exceeding 500 accounts. The firm initially expanded its operational presence across Hong Kong, Taipei, Seoul, Vancouver, and North America. Its internal cybersecurity research team actively monitors protocol exploits, publishing detailed technical post-mortems such as an analysis of the August 2025 Flare network SparkDEX reentrancy vulnerability.
Risks and considerations
Engaging an institutional asset manager introduces counterparty exposure and market volatility risks. Quantitative strategies are subject to broader market liquidity contractions, and execution pricing can vary based on trading depth. Regulatory frameworks for digital asset management continue to evolve across international jurisdictions, which may alter institutional access or available product configurations over time.
Founders
Michael WuCEO
Former Morgan Stanley trader.
Best for:Institutions needing market liquidityFamily offices seeking quant managementWeb3 teams seeking infrastructure support
Pros and cons
Pros
- Founded by former Morgan Stanley quantitative traders
- Raised $100 million Series B at a $1 billion valuation
- Handled more than $500 billion in cumulative trading volume by June 2021
- Backing from Pantera Capital, Coinbase Ventures, and Tiger Global
Cons
- No publicly listed retail fee schedule on its site
- Product minimum investment requirements require contacting sales directly
- Institutional services carry inherent counterparty risk
- Retail access is limited compared to conventional brokerage platforms
Our review
3.2/5
Fair
Amber Group delivers institutional liquidity and tailored quantitative asset management, but public fee schedules and standalone retail fund structures remain private.
Founded in 2017 by former Morgan Stanley trader Michael Wu alongside ex-Wall Street quantitative professionals, Amber Group operates out of Singapore as a global digital finance firm. The firm combines proprietary trading, liquidity provision, and custom asset management for institutions and high-net-worth investors, having managed over $1 billion in assets as of June 2021.
The company's primary strength lies in its institutional execution and market infrastructure. Backed by investors such as China Renaissance, Tiger Global Management, Pantera Capital, and Coinbase Ventures, the firm has recorded more than $500 billion in cumulative trading volume. Alongside liquidity provision and quantitative strategies, Amber Group maintains an active security research division through Amber Labs, which conducts vulnerability analysis across external protocols, as demonstrated in its technical review of the 2025 SparkDEX exploit.
However, the firm poses several key trade-offs for traditional fund investors:
- Public transparency regarding current expense ratios and management fees is limited compared to registered ETF or ETP issuers.
- Retail access to standard standalone public funds is not supported, with services centered on customized accounts and institutional mandates.
Amber Group suits institutional allocators and professional trading counterparties seeking tailored quant mandates and over-the-counter market execution. Investors seeking regulated public crypto ETFs or clear self-service retail fee schedules should consider traditional listed crypto asset managers instead.
Specs
| Products | Private funds, Managed accounts · unverified |
|---|---|
| Clients | Accredited investors, Institutions · unverified |
| Assets under management | $1B (June 2021) · unverified |
| Flagship products | Digital Wealth Management, Institutional Asset Management, Liquidity Solutions, Amber Labs · unverified |
Not disclosed by the provider: Assets covered, Fees, Minimum investment, Regulators, Custodians.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Quantitative portfolio management
Executes systematic and quantitative trading strategies designed to manage market exposure and grow crypto holdings for institutional accounts.
Institutional liquidity provision
Delivers over-the-counter and algorithmic market-making liquidity to exchanges, protocols, and institutional trading desks.
Amber Labs research
Conducts primary market research, on-chain vulnerability analysis, and early-stage Web3 project investments.
Digital infrastructure support
Supplies scalable computing and technical infrastructure built to run enterprise digital asset operations.
amber.ac accelerator
Runs developer-focused accelerator events, technical hackathons, and builder programs such as BUIDL_QUESTS 2026.
Inside Amber Group
Digital Wealth Management
Delivers customized digital asset portfolios, quantitative market strategies, and investment management tailored for institutional and private clients.
Asset Management
Executes quantitative trading strategies and portfolio solutions using dedicated trading teams to achieve stable crypto capital growth.
Advisory, Liquidity, Investment & Research
Offers algorithmic market making, over-the-counter liquidity execution, and primary research and venture investing through Amber Labs.
Infrastructure
Supplies scalable enterprise infrastructure and computing services designed to support operations for digital businesses.
Amber Group screenshots
User reviews
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Funding and investors
$1.1BTotal raised
1Round
11Investors
-
Series B Jun 2021 $100MCR China RenaissanceVenture capital Lead AH Arena HoldingsVenture capital BC Blockchain.comVenture capitalSource
Coinbase VenturesExchange ventures arm
DV DCM VenturesVenture capital
GP Gobi PartnersVenture capital
Pantera CapitalVenture capital
SC Sky9 CapitalVenture capital
TB Tiger BrokersVenture capital
TG Tiger Global ManagementVenture capital
TA Tru Arrow PartnersVenture capital
FAQ
Who founded Amber Group?
Amber Group was founded in 2017 by Chief Executive Officer Michael Wu, a former Morgan Stanley trader, alongside finance professionals with Wall Street backgrounds.
What products does Amber Group offer?
Amber Group provides digital asset management, quantitative investment strategies, liquidity provision, infrastructure services, and early-stage venture investment through Amber Labs.
What fees does Amber Group charge for asset management?
Amber Group does not publish a standardized public fee schedule. Terms, advisory fees, and performance hurdles are established individually based on client mandates.
Who can invest with Amber Group?
Amber Group focuses primarily on institutional clients, high-net-worth individuals, and corporate treasuries seeking tailored portfolio management or trading execution.
Where is Amber Group based?
Amber Group is headquartered in Singapore and maintains a presence across major global financial hubs in Asia, North America, and Europe.
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