Singapore-based cryptocurrency platform Amber Group raised $200M in a Series B round, valuing the company at $3B, MarketWatch reported Tuesday. Temasek led the latest investment round in Amber Group, with participation from Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners and Coinbase Ventures (NASDAQ:COIN), MarketWatch noted. Founded in 2017, Amber Group managed ~$5B, with cumulative transaction volume of more than $1T, MarketWatch highlighted. "We want to do more than just enable mainstream digital asset adoption," Amber Group CEO Michael Wu told MarketWatch. "We want to help create a digital future where digital assets empower people with the opportunity and agency to shape a better world for us all," he added. Previously, (Feb. 8) Blockchain developer Alchemy raised $200M in a funding round.
