Expand Web3! Sony enters cryptocurrency exchange, acquires Amber Japan, changes name to S.BLOX

Singaporean market maker Amber Group was acquired by Sony Group

1. Singaporean market maker Amber Group acquired Japanese regulated cryptocurrency trading platform DeCurret in 2022 and changed its name to Amber Japan.
2. According to Wu Shuo blockchain news, Japanese electronics giant Sony Group has spent billions of yen to complete the acquisition of Amber Japan.
3. Amber Group is well-known as a cryptocurrency market maker and has launched WhaleFin, a one-stop digital asset management platform.
4. Amber Group was in financial trouble after FTX crashed in 2022 and was suspected of conducting a decentralized full debt-for-equity swap transaction.
5. After the acquisition, Yijin Li has resigned as the representative of Amber Japan, and Jun Watanabe, as the chairman of Sony Network Communications Inc., will serve as the representative of the company after the acquisition of Amber Japan.

Amber Japan changed its name and will update WhaleFin

6. Amber Japan issued a statement announcing the name change to S.BLOX Co.,Ltd after it was reported that it was acquired.

7. S.BLOX Co., Ltd will work with Sony Group internally to update WhaleFin, including:

   • UI interface redesign
   • Launch of new applications
   • Expansion of supported currency types and functions
8. S .BLOX Co., Ltd is a wholly-owned subsidiary of Sony Group. In the future, it will cooperate with the group's diversified businesses to create new added value in crypto asset trading services.

Sony enters the blockchain field

9. Before Sony Group acquired S.BLOX Co., Ltd., it had been exploring the use of NFTs and blockchain in games.
10. Last March, Sony filed a patent application for the use of NFTs, outlining a system for using NFTs across platforms.
11. How Sony will apply blockchain technology in future games and platforms is worth paying attention to.

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