# Amber Group

Amber Group is an Asset Manager based in Singapore, Singapore.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Singapore, Singapore
- **Region:** North America
- **Address:** Singapore
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** ambergroup.io
- **LinkedIn:** https://www.linkedin.com/company/amberbtc/?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_companies%3BnMmBfZjZTLCkaCO66XhRPQ%3D%3D

## Regulatory record

- **Reports private funds:** No

## About

Amber Group is a Singapore-based company founded in 2015. It offers liquidity provision, trading, and asset management services around the clock. The firm has secured total funding of $628.28 million.

## Sectors

- FinTech
- Digital Assets
- Private Credit

## Offices

- Hong Kong
- New York
- Dubai

## People

- Michael Wu — Chief Executive Officer
- Tiantian Kullander — Co-Founder
- Wayne Huo — Chief Investment Officer
- Luke Li — Co-Founder

## Questions

### Who runs investment decisions at Amber Group?

Chief Investment Officer Wayne Huo oversees investment strategy and portfolio allocation across the firm's market-making, structured-product and venture books. Huo was part of the five-person founding group that left Morgan Stanley's fixed-income trading desk to build the firm in 2017. CEO Michael Wu continues to shape macro-level risk limits and capital allocation between the proprietary and client-facing businesses.

### Is Amber Group a proprietary trading firm or an asset manager?

It operates as a hybrid. The firm runs a proprietary balance sheet for market-making and principal positioning, but its institutional arm raises external capital for structured products and yield strategies. This dual model is more common in traditional macro hedge funds — Citadel Securities plus Citadel the fund — than in the digital-asset sector, where most firms pick one structure.

### How does the firm's Morgan Stanley heritage influence its structure?

The five co-founders all held VP or ED roles in Morgan Stanley's fixed-income division before leaving in 2017 to trade crypto full-time. Their training in risk systems, structured-product design and electronic market infrastructure meant Amber built compliance and middle-office functions early — years before the 2022 industry deleveraging forced competitors to retrofit controls.

### How does Amber Group source venture deals?

The venture team co-invests alongside other liquid-token funds and developer-focused VCs, sourcing primarily through market-making relationships that give early visibility into protocol liquidity and developer activity. Confirmed portfolio companies include dYdX and Biconomy (per The Block, 2022–2023).

### What happened to co-founder Tiantian Kullander?

Tiantian Kullander died unexpectedly in November 2022 at age 30, a loss that occurred just weeks before Amber announced its Series C funding round. CEO Michael Wu communicated the round's continuation to investors, and the $300 million raise from Fenbushi Capital and other investors closed in December 2022 (per Bloomberg, December 2022).

### Does Amber Group have a regional focus for its market-making?

The firm provides liquidity across Asia-Pacific and Middle Eastern exchanges through its Hong Kong, Singapore and Dubai offices, and covers North American counterparties from New York. Its regulatory posture is entity-level for each jurisdiction rather than a single global license.

### Is Amber Group's balance sheet separate from client assets?

The firm has stated that proprietary trading capital and externally managed asset pools sit in segregated legal entities. The structured-products book and yield strategies face external LPs through separate vehicles, while the market-making desk operates on the firm's own capital, similar to the structure of proprietary trading firms in traditional finance.

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- [ABCDE Capital](https://altss.com/profile/abcde-capital)
- [PrimeSet](https://altss.com/profile/primeset)

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Last updated: 2026-06-03T20:00:00.000Z

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