Amber Group’s recent Nasdaq listing could be the catalyst for a wave of crypto firms entering public markets, according to Pantera Capital’s managing partner Paul Veradittakit.
The institutional crypto services provider, based in Hong Kong, made its U.S. public market debut on March 13 through its subsidiary Amber International (AMBR). Pantera Capital, an early backer of the firm, sees this move as a sign of things to come.
“Amber’s successful listing signals real momentum,” Veradittakit said in a recent interview. “We expect to see a growing number of U.S. crypto companies follow suit—at least ten in our portfolio are already exploring IPO options.”
He noted that crypto custody providers, stablecoin issuers, and infrastructure platforms are actively evaluating the path to public markets, seeking both institutional access and new capital inflows.
Amber’s listing comes at a time when investor appetite for structured exposure to crypto assets is increasing. It also coincides with improving regulatory clarity in the U.S., which Veradittakit says is a key factor driving IPO interest.
“Supportive U.S. policy is providing tailwinds,” he said, adding that it’s encouraging not only domestic firms but also international players to consider public listings in the U.S.
On Tuesday, Circle, issuer of the USDC stablecoin, also confirmed it had filed to go public on the New York Stock Exchange, reinforcing the broader trend.
Amber’s CEO Wayne Huo framed the Nasdaq debut as more than a business milestone — he sees it as a symbol of global cooperation. “This isn’t East versus West,” Huo said. “It’s about linking U.S. capital with Asian innovation. The global financial ecosystem is large enough to thrive through collaboration.”
The company plans to use its newfound capital and visibility to fuel international expansion and enhance its institutional crypto offerings. Amber’s shares closed at $11.38 on Tuesday, giving the company a market valuation of approximately $1 billion.
“We’re just getting started,” Huo added. “This is the beginning of a much larger journey.”
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