Citigroup leads $15 million investment in digital asset data company Amberdata

Amberdata provides data and insights for blockchain networks, crypto markets, and decentralized finance. Founded in 2017, the company analyzes more than 8 million blockchain network transactions and more than $500 billion in trading activity every day.
Investors entering the digital asset markets can use the data hose as a source of information for research, trading, risk, analysis, reporting and compliance. Institutional clients can integrate real-time and historical data and indicators through FIX, REST, WebSockets and RPC, and access reference rates, indices and analytics.
“Amberdata has a unique approach and broad product offering that transforms complex data into easy-to-use information,” said Itay Tuchman, Citi’s global head of foreign exchange. “They have been a great partner and helped us leverage data faster than we expected.”
Executives from Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets, and GoldenTree Asset Management also participated in the funding round. They were joined by HWVP, which previously led Amberdata’s series seed.
Amberdata said it will use the funds to double its research and development staff and expand its market presence in the U.S. and internationally.