Amber Group’s (Ambr) List on NASDAQ Earlier this month was the way for more crypto companies to take the same path, Paul Veradittit, a Pantera Capital partner, said.
Pantera is an early investor in Hong Kong -based Crypto Financial Services in institutions, whose subsidiary Amber International is listed in the exchange on March 13.
Public lists of crypto -focused companies will attract institutional investors who have previously been lacking in a structured way to enter the crypto space while also carrying fresh capital, which analysts noted that the crypto market is currently lacking, Veradittit said in an interview.
“We will see many US companies crack in public markets,” he said, noting that 10 companies in the Pantera portfolio are considering the move.
Crypto keeping companies, the stablecoin providers and developer platforms consider the process, he said. On Tuesday, Circle, the USDC Stablecoin, said filed to go public In the New York Stock Exchange.
Veradittakit emphasized that clearer and more supportive US regulation provides important “tailwinds” for crypto IPOs, helping international companies like Amber see opportunities to list publicly in the country.
Amber’s list also shows that the crypto market is not a zero-sum game between Asia and the US, but rather as a bridge that connects US liquidity with innovative ideas and expertise, according to CEO Wayne Huo, which emphasizes that the general financial market is large enough for cooperation.
“In the past, we saw technology breakthroughs were the fastest when the East and West work together,” he said.
Amber aims to use capital and visibility from the list to support its international expansion and the development of institutional crypto financial services. The sharing of the company Closed at $ 11.38 on Tuesday, giving it a market cap of nearly $ 1 billion.
“Right now, this is just the beginning of our many, bigger phases forward,” Huo said.
