The firm will use the funds to double its research and development headcount and expand internationally.
Tongtong Gong, Amberdata’s Chief Operating Officer (Richter Frank-Jurgen via Flickr)
· Other participating investors in the funding round included Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets, and executives at GoldenTree Asset Management.
· Amberdata said it will use the funds to double its research and development headcount and expand its operations in the U.S. and internationally.
· The digital asset analytics firm analyzes over eight million blockchain network transactions and more than $500 billion in trading activities daily.
· “Data and insights will continue to play a pivotal role in creating transparency and strengthening risk management frameworks for digital assets,” said Siris Singh, Americas head of markets strategic investments at Citi, in a statement.
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