FinTech LIVE Singapore: Amberdata Digital Asset Data Keynote

July 13, 2024

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Shawn Douglass, Co-founder and CEO of Amberdata discusses the power of digital assets data in a keynote presentation at FinTech LIVE Singapore

Presenting at FinTech LIVE Singapore, Shawn Douglass, Co-founder and CEO of Amberdata discusses the power of digital assets data for financial institutions in his keynote presentation.

The power of data

Shawn opens his keynote by discussing the importance of data-driven insights in today’s economy, using that to make informed decisions on risk and manage business and investment choices.

Amberdata provides these insights for digital assets.

“We process about 250 billion notional activities daily across centralised spot markets, derivatives markets, options, venues and on-chain data,” says Shawn.

“With the addition of the ETFs, that’s an additional 57 billion data points. It has flowed into ETFs over the last two months. So we provide a comprehensive view of all of the fundamentals, accounting, behavioural economics and on-chain and market activity for the price discovery process across that entire spectrum.”

In this way, Amberdata showcases the power of digital assets data and provides its clients with a comprehensive outlook of the data, which was traditionally a tricky and time-consuming process to discern actionable data insights.

Shawn Douglass, FinTech LIVE London

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.”