Amber Group’s recent debut on Nasdaq could be a pivotal moment for crypto firms eyeing public markets, according to Paul Veradittakit, Managing Partner at Pantera Capital.
Amber International, a subsidiary of the Hong Kong-based digital asset financial services firm Amber Group, officially listed on the Nasdaq on March 13, marking a significant milestone for institutional crypto players entering mainstream financial markets. Pantera Capital, one of Amber’s early backers, sees the move as a sign of what’s to come.
“We are going to see a lot of U.S. companies hitting the public markets,” said Veradittakit. He noted that 10 Pantera portfolio companies are actively considering IPOs, ranging from crypto custody providers to stablecoin issuers and developer infrastructure platforms.
The public listing of crypto-native firms like Amber offers institutional investors a regulated, transparent entry point into digital assets—an area that has historically lacked formal investment pathways. Veradittakit added that the influx of public capital could help fill the liquidity gaps currently weighing on the crypto sector.
Circle, the issuer of the USDC stablecoin, also confirmed this week that it has filed to go public on the New York Stock Exchange, adding further momentum to the trend.
Veradittakit emphasized that regulatory clarity and progress in the U.S. are acting as powerful tailwinds, encouraging both domestic and international crypto firms to pursue listings stateside.
Amber CEO Wayne Huo echoed this sentiment, noting that the company’s public debut is less about competition and more about collaboration across regions. “The financial markets are big enough for everyone. We see this as a bridge between U.S. capital and Asian innovation,” he said.
According to Huo, some of the greatest leaps in technology have happened when East and West have worked together—a dynamic Amber intends to build on. The firm plans to leverage its IPO proceeds to expand globally and deepen its suite of institutional crypto financial products.
Amber’s stock closed at $11.38 on Tuesday, giving the company a market capitalization of approximately $1 billion.
“This is just the beginning of a much bigger journey,” Huo added.
