Sony Group has acquired Amber Japan, officially entering the crypto exchange arena
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Sony Group has officially entered the crypto exchange market by acquiring Amber Japan. Amber Japan entered into a roughly debt-to-equity deal following the collapse of FTX.
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Sony Group, known for games, music and cameras, has officially entered the crypto exchange market by purchasing Amber Japan, crypto reporter Wu Blockchain reports. Amber Japan, formerly known as DeCurret, is the Japanese subsidiary of the global Amber Group, providing regulatory digital asset trading services.
Exclusive: Sony Group, one of Japan's largest companies, has acquired Amber Japan, officially entering the crypto exchange field. Sony's businesses include games, music, cameras, etc., with a market value of over $100 billion. Singapore market maker Amber Group found… pic.twitter.com/XOHFIUmKtJ
— Wu Blockchain (@WuBlockchain) July 1, 2024
Amber Group In 2022, Japanese crypto exchange DeCurret expanded its operations into Japan by acquiring and converting to Amber Japan. some Exposure of trading capital to the now defunct crypto exchange FTX.
Following the collapse of FTX, Amber Group changed its fundraising plans and raised a $300 million Series C round in December 2022. The round was led by Fenbushi Capitalwith participation Prominent backers such as Temasek, Sequoia China, Pantera, Tiger and Coinbase. Amber Group said the bailout will help protect customers who lost money due to the FTX collapse.
The new move is part of Sony's strategy to diversify its portfolio, which already has a market value of more than $100 billion. Sony has been exploring the use of non-fungible tokens (NFTs) and blockchain in gaming. The last few years.
In the year In March 2023, Sony filed a patent for a “NFT framework for transferring and using digital assets between gaming platforms.” This lists systems that use the NFTs node, including NFT-locked gameplay, limited in-game functions, and players with NFTs.
This is a developing story. We will provide updates on the situation as we learn more.
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