Blockchain
Sony Group Plans Crypto Exchange Launch With Amber Japan Acquisition: Report
Japanese conglomerate and consumer electronics giant Sony Group is reportedly preparing to launch a cryptocurrency exchange in its home country.
Blockchain Reported Colin Wu He says that Sony Group has acquired Amber Japan, the Japanese subsidiary of digital asset firm Amber Group.
“Singapore-based market maker Amber Group acquired Japanese-regulated cryptocurrency trading platform DeCurret in early 2022 and rebranded it as Amber Japan.
Later, due to the collapse of FTX, Amber Group got into trouble and was suspected of a full debt-for-equity transaction with Fenbushi. Amber Group’s investors include Temasek, Sequoia China, Pantera, Tiger, Coinbase, etc.”
News of Sony Group’s acquisition comes as Amber Japan’s cryptocurrency trading service, WhaleFin, has renamed itself S.BLOX, according to a press release. publicationThe cryptocurrency trading service is expected to undergo a redesign and expansion of supported assets.
“S.BLOX Co., Ltd. was acquired by Quetta Web Co., Ltd. (a wholly-owned subsidiary of Sony Group Corporation) in August 2023 and has been operating cryptocurrency trading services. In the future, as a member of the Sony Group, we will work to create new added value in cryptocurrency trading services by collaborating with the various businesses of the group.”
Just over two years ago, Sony Group invested $1 billion in Epic Games to further the gaming giant’s efforts to build the metaverse. Sony Group CEO Kenichiro Yoshida said of the investment at the time,
“As a creative entertainment company, we are excited to invest in Epic to deepen our relationship in the metaverse, a space where creators and users share their time.
We are also confident that Epic’s expertise, including its powerful game engine, combined with Sony’s technologies, will accelerate our various efforts, such as the development of new digital fan experiences in sports and our virtual production initiatives.”
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