Dynamic Duo: Solidus Labs and Amber Group Join Forces to Revolutionize Digital Wealth Security

"Hong Kong Embraces HALO Platform's Advanced Machine Learning to Safeguard Digital Asset Market Integrity"

Amber Group, a provider of crypto-native liquidity solutions and digital wealth management services, has announced a strategic partnership with Solidus Labs, a leading provider of crypto market surveillance solutions. The collaboration aims to enhance market integrity and ensure compliance in Hong Kong’s digital asset market.

The partnership comes at a time when Hong Kong’s digital asset market is experiencing significant growth, and the Securities and Futures Commission (SFC) has introduced new virtual asset licensing guidelines. With the increasing adoption of cryptocurrencies and the rise of decentralized finance (DeFi), there is a growing need for robust surveillance and monitoring tools to detect and prevent market manipulation and other illicit activities.

Amber Group’s HALO platform, powered by machine learning models, monitors over 1 trillion daily events across more than 150 markets, safeguarding over 25 million entities. It provides real-time response capabilities to suspicious trading activity, offering an advanced solution to enhance market integrity. The collaboration with Solidus Labs will further strengthen these capabilities and contribute to a fairer and more transparent crypto market.

Asaf Meir, Solidus Labs’ Founder and CEO, expressed his support for Amber’s vision of providing advanced liquidity solutions and trading infrastructure. The partnership aims to leverage Solidus Labs’ expertise in market surveillance and compliance to complement Amber Group’s existing capabilities.

Solidus Labs recently hosted its DACOM Summit in Hong Kong, where industry experts and regulators discussed the SFC’s virtual asset licensing guidelines and market integrity challenges in the DeFi sector. The summit also highlighted the importance of industry-wide collaboration and initiatives like the Crypto Market Integrity Coalition in promoting fairer crypto markets.

Amber Group places a significant emphasis on security and compliance, and this partnership with Solidus Labs further reinforces its commitment to these principles. Lin Ma, Amber’s Chief Legal Officer, reiterated the company’s dedication to providing secure and compliant services to its clients.

Both Amber Group and Solidus Labs have strong backing from leading investors. Amber Group is supported by renowned investors such as Fenbushi Capital US, Sequoia, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase Ventures, and Blockchain.com. Solidus Labs, on the other hand, is recognized for its commitment to ensuring market integrity as the founder of the Crypto Market Integrity Coalition.

This partnership between Amber Group and Solidus Labs reflects the industry’s recognition of the importance of market surveillance and compliance in the evolving digital asset landscape. By combining their expertise and resources, the two companies aim to contribute to the growth and development of a more transparent and trustworthy crypto market.

This article was generated with the support of AI and reviewed by an editor. For more information, see our T&C.

Martin Reid

Martin Reid

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