Technology giant Sony is set to relaunch its crypto platform WhaleFin. Japanese media reports, in particular Prtimes. jp.
In fact,#Sonyis launching its own crypto exchange đ. The corporation disclosed the purchase of Amber Japan, a division of Singaporean market maker Amber Group in Japan. Singapore-based 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 found itself in a difficult position and was suspected of a full debt-to-equity swap deal with Fenbushj. Amber Group's investors include Temasek, Sequoia China, Pantera, Tiger, Coinbase and others.
Now Sony, having purchased the company, has announced the relaunch of the crypto asset trading service #WhaleFin, which is among the assets of Amber Japan, under the S.BLOX brand.
The dates have not yet been specified. Sony is also going to develop its own public blockchain.
Let us remind you that Sony's market capitalization is more than $100 billion. The level of players who are entering the crypto market in this cycle.
