Hong Kong-listed Amber International to Launch Compliant Digital Asset Trading Platform

Hong Kong-listed Amber International Holding Ltd has announced plans to launch a compliant digital asset trading platform, aligning with broader market trends in Web3 and blockchain technology. The company will also rebrand as Convoy Global by December 2025, signaling a strategic pivot toward blockchain development and digital asset services. This move reflects a growing investor and market interest in the convergence of traditional finance and crypto markets.

Amber International has been repositioning itself as a key player in the digital wealth management sector in Asia. The firm is preparing to explore digital asset trading platforms, wallets, and related technologies under its new strategic direction. This comes after the company reported a return to profitability, with total revenue reaching $16.3 million in the most recent quarter.

The company has also set ambitious financial goals for 2025, including revenue in the range of $50–52.5 million. A $15 million share repurchase program was announced alongside the earnings report, highlighting management’s confidence in the business model and long-term direction.

What Drives the Strategic Shift?

The decision to enter the digital asset and blockchain space is consistent with broader trends in the global financial industry. Many firms are seeking to integrate Web3 technologies into their operations to remain competitive. Amber International’s focus on compliance and regulatory alignment positions it to navigate the evolving legal landscape in digital assets.

The company’s core business has historically revolved around biometric recognition and security software. However, the planned shift into blockchain and digital asset services represents a significant expansion. Convoy Global aims to provide software development and support for blockchain exchanges, leveraging its existing technical expertise.

How Is the Market Responding?

The announcement has already generated a strong market reaction. Following the recent earnings report, the stock surged 80.38% in premarket trading, reaching $2.85 per share. This sharp increase indicates investor optimism about the company’s strategic direction and its potential in the digital asset market.

Amber International is not alone in this space. Several global firms are preparing for major moves in the digital asset industry. For instance, Bitpanda, a major European crypto exchange, is rumored to be planning a $5 billion IPO on the Frankfurt Stock Exchange. This highlights the broader trend of traditional financial firms adapting to the growing crypto market.

What Are the Key Challenges?

Despite the positive momentum, the company faces several challenges. One of the biggest risks is the volatility of the crypto market. Amber International has acknowledged this in its recent statements, noting the potential impact of market fluctuations on its digital asset activities.

Regulatory changes also pose a significant challenge. The U.S. crypto industry is currently in a state of uncertainty, as the Senate delayed a key legislative vote on the Digital Asset Market Clarity Act. This delay has created regulatory ambiguity for firms operating in the space.

Amber International’s strategic initiatives include exploring partnerships with traditional financial institutions. However, regulatory hurdles and market dynamics could influence the pace and scale of these collaborations.

What Lies Ahead for Amber International?

The company’s focus on digital assets and compliance is expected to continue throughout 2026. The planned rebranding to Convoy Global underscores its commitment to this transition.

Amber International also aims to leverage its position as a digital wealth management platform in Asia. This could provide opportunities for growth in markets where demand for digital asset services is rising.

The company’s financial guidance and share repurchase program demonstrate its confidence in the business model. If the company can maintain its profitability and expand its digital asset offerings, it could become a significant player in the Web3 ecosystem.