According to Foresight News, Sony Group has expanded its business portfolio with the acquisition of Amber Japan, marking its entry into the cryptocurrency trading platform sector. Sony Group, with a market capitalization of more than $100 billion, has a diverse range of businesses including games, music and cameras.
Earlier this year, Amber Group, a Singapore-based market maker, acquired regulated Japanese cryptocurrency trading platform DeCurret and renamed it Amber Japan. In a previous Foresight News report, Amber Group completed a $200 million financing round in February 2022, valuing it at $3 billion. The round saw participation from investors such as Temasek, Sequoia China, Pantera Capital, and Tiger Global Management.