Japanese conglomerate and consumer electronics giant Sony Group is reportedly preparing to unveil a crypto exchange platform in its home country.
Blockchain reported Colin Wu say that Sony Group has purchased Amber Japan, the Japanese subsidiary of digital asset firm Amber Group.
“Singaporean market maker Amber Group acquired Japanese regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan.
Later, due to the collapse of FTX, Amber Group fell into trouble and was suspected of a full debt-to-equity transaction with Fenbushi. Amber Group investors include Temasek, Sequoia China, Pantera, Tiger, Coinbase, etc.”
The news of the Sony Group acquisition comes amid the rebranding of cryptocurrency trading service WhaleFin from Amber Japan to S.BLOX, according to a press release Edition. The crypto trading service is expected to undergo a redesign and an expansion of supported assets.
“S.BLOX Co., Ltd. was acquired by Quetta Web Co., Ltd. in August 2023. (a wholly owned subsidiary of Sony Group Corporation) and operates cryptocurrency trading services. Going forward, as a member of the Sony Group, we will work to create new added value in cryptocurrency trading services by collaborating with the group’s various companies.”
Just over two years ago, Sony Group invested $1 billion in Epic Games to further the video game 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 field, a space where creators and users share their time.
We are also confident that Epic’s expertise, including their 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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