The Business Times
business-time-50
SUBSCRIBERS

Temasek-backed Amber Group buys regulated crypto platform Sparrow Exchange

google-preferred-sourceAdd BT as a preferred source
Claudia Chong

Claudia Chong

Published Tue, Dec 13, 2022 · 08:27 PM
    • The acquisition of Sparrow by Amber comes amid a turbulent time for crypto platforms, which have been hit hard by the collapse in prices and a string of scandals.
    • The acquisition of Sparrow by Amber comes amid a turbulent time for crypto platforms, which have been hit hard by the collapse in prices and a string of scandals. PHOTO: BLOOMBERG

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    TEMASEK-BACKED Amber Group, which is in the middle of major cost-cutting, has acquired crypto platform Sparrow Holdings.

    Amber fully bought the entity, which is known in the industry as Sparrow Exchange, on Nov 29, regulatory records in Singapore showed.

    Sparrow Holdings is the holding company that owns licensed entity Sparrow Tech.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    CryptocurrenciesTemasekM&A

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More