Citi Leads $15M Investment into Digital Asset Company Amberdata

Amberdata plans to expand its research and development further into decentralized exchanges, DeFi and understanding money flows in stablecoins, the CEO said.

article-image

Shawn Douglass, CEO at Amberdata; Source: Amberdata

share

key takeaways

  • In 2017, Amberdata closed a Series Seed round for $2 million and has raised a cumulative amount of $17 million to date
  • “There’s this tsunami that’s happening around digital assets,” Douglass said. There’s a massive demand from institutional investors to learn about digital assets and adapt to it, he added.

Digital asset data company Amberdata announced it has raised $15 million in a Series A funding round led by Citi. 

Participants in this investment round also includes Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets, executives at GoldenTree Asset Management as well as HWVP, who previously led Amberdata’s Series Seed round. 

In 2017, Amberdata closed a Series Seed round for $2 million and has raised a cumulative amount of $17 million to date, Shawn Douglass, CEO at Amberdata said in an interview with Blockworks. The company is not disclosing a valuation at this time, he said. 

The company will use the funds to double research and development headcount and expand go-to-market both in the US and internationally, the company said. Amberdata plans to expand its research and development further into decentralized exchanges, DeFi and understanding money flows in stablecoins, Douglass said. 

“There’s this tsunami that’s happening around digital assets,” Douglass said. There’s a massive demand from institutional investors to learn about digital assets and adapt to it, he added.

Institutional investors are seeing demand from their customers, Tongtong Gong, chief operating officer at Amberdata told Blockworks. “Companies are looking at the fundamental value and must have an understanding of it because when they get into it they need high quality data to understand the space,” she added.

“Financial institutions and global payment providers are increasingly interested in offering cryptocurrency-enabled products and services,” said Chris Ferraro, co-president and CIO at Galaxy Digital.

Amberdata is a four-year-old company that analyzes over 8 million blockchain network transactions and around $500 billion in trading activities daily. Its platform provides financial institutions entering the digital asset market with data for research, trading, risk, analytics, reporting and compliance, it said. 

“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. “We are excited to be leading their Series A and supporting the team on their next phase of growth.”

Are you a UK or EU reader that can’t get enough investor-focused content on digital assets?Join us in London on November 15th and 16th for the Digital Asset Summit (DAS) London. Use code ARTICLE for £75 off your ticket. Buy it now.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

Silk Road founder Ulbricht made a triumphant return to the Bitcoin Conference, 10 years on from sentencing

article-image

A Blockworks Research report looked at who could take up some of the marketshare in the launchpad space

article-image

Business-to-business stablecoin payments are on the rise, per a report from Artemis, Dragonfly and Castle Island

article-image

Crypto continues to do its thing: incentivizing behavior

article-image

Kraken will soon offer Backed ‘xStocks’ as Solana tokens

article-image

In a unanimous decision, the US Court of International Trade has ruled that Trump’s IEEPA tariffs are unlawful