Sparrow Tech Private Limited, a regulated digital asset services provider, announces today that as of 29 Nov 2022, Sparrow Tech has become a wholly-owned subsidiary of Amber Group.

Sparrow Tech is one of the nine firms that have been granted a Major Payment Institution (MPI) licence to provide digital payment tokens (DPT) services in Singapore under the Payment Services Act. As a MPI licence holder, Sparrow Tech is allowed to provide DPT services in Singapore. The company has established a platform that provides secure, compliant, and intuitive digital asset solutions for financial institutions and family offices.

Amber Group is a leading digital asset company operating globally with a presence in Asia, Europe, and the Americas. With an institutional and traditional finance pedigree, the company provides a full range of digital asset services spanning liquidity provisioning, trading, financing, and investing. It is backed by prominent international institutional investors and private equity funds.