XRP News Today: Amber International Raises $25.5 Million for Crypto Ecosystem Reserve

Amber International, a Singapore-based crypto firm, has successfully completed a $25.5 million private placement. This strategic move is aimed at bolstering its $100 million crypto ecosystem reserve fund. The private placement was priced at $10.45 per share, reflecting a 5% discount to the company’s three-day volume-weighted average trading price. The funds raised will be used to enhance Amber International’s Crypto Reserve initiative, which focuses on long-term ecosystem alignment and product innovation.

The private placement attracted participation from several institutional investors, including CMAG Funds, Mile Green, Pantera Capital, and Kingkey Financial International. Amber issued over 12 million Class A ordinary shares, equivalent to approximately 2.44 million American Depositary Shares (ADS), on Nasdaq. This significant investment underscores the growing institutional interest in the crypto sector and Amber International’s strategic position within it.

Amber International’s crypto reserve strategy, announced earlier this year, initially focused on diversifying allocations in Bitcoin, Ethereum, and Solana. The company has now expanded its coverage to include Binance Coin, Ripple’s XRP, and SUI. This expansion signals a wave of institutional conviction, particularly as Binance Coin (BNB) sees substantial investment from Nano Labs. XRP is also regaining institutional relevance after a recent dip, while SUI’s development growth and bullish sentiment are notable, despite technical consolidation.

The company plans to utilize its crypto reserves to support developers operating on these blockchains, providing liquidity, capital, and technical support. This approach addresses a critical pain point in the industry: the lack of institutional-grade infrastructure to support blockchain adoption and scalability. By doing so, Amber International aims to empower itself to remain at the forefront of blockchain innovation, particularly in areas such as Real World Assets (RWA) and AgentFi, thereby strengthening its leadership in the next wave of Web3 financial infrastructure.