Sony plans to resume the operation of the Whalefin cryptocurrency exchange, which was acquired last year from the cryptocurrency lending institution Amber Group. The announcement was first shared by Wu Blockchain and later detailed by The Block. On Monday, Whalefin stated that its parent company, Amber Japan, will rebrand as S.BLOX. The statement also revealed that Quetta Web, a subsidiary of Sony, acquired the company in August 2023. The financial terms of the acquisition were not disclosed. Originally known as DeCurret, Amber Japan was acquired by Amber Group, a cryptocurrency financing firm, in 2022. Sony plans to relaunch the cryptocurrency exchange with a new application soon, as announced in the press release. Despite Sony’s previous exploration of Web3 through various investments and partnerships, this acquisition marks its significant entry into the crypto space. The company has been collaborating with Astar Network for a Web3 incubation program and has filed a patent for transferring NFTs in various games and consoles. Last year, Bloomberg reported that the Hong Kong-based Amber Group intended to sell its Japanese division due to strict regulations in the country. Read more: With new licenses, cryptocurrency firms begin to return to Hong Kong.
