The journey to establishing Amberdata

Shawn goes on to discuss the founding path to Amberdata, and its subsequent growth journey. 

He says: “At the very beginning, we saw institutional blockchains as being a potentially shared infrastructure between banks and companies, enabling ledger transparency and automating smart contracts. 

“Fast forward seven years later, that’s largely come true with JP Morgan HSBC and Goldman Sacha among other large banks, which are now embracing the enterprise blockchain. 

“Early on we realised that it was going to be a long time before institutional blockchains were ready. So we pivoted and started to support public, open blockchains and centralised and decentralised exchanges, knowing that data would be needed to build businesses and inform decisions.”

Amberdata has been building ever since, and now Shawn says the company’s growth journey since has been ‘mindblowing’. 

“We have five or six major ETFs encompassing 57 billion of notional value in every major bank and every financial services firm on the planet right now working on tokenising different products,” he says. 

“In the beginning, there was a few million dollars of trading value a day, and now like I said, we’re north of 240 billion in notional transactional value. So it’s just a massive, massive explosion. 

“From a regulatory landscape, it was largely an experiment in the beginning. Now there are very clear regulatory frameworks in many areas around the world, and I think people are standardising and embracing the technology and seeing it as the next iteration of the operational financial fabric moving forward.”

More to come in 2024 and 2025… 

Not only will FinTech LIVE be hosting FinTech LIVE London in October 2024, but FinTech LIVE will be returning in 2025 in both New York and London.