Sony Group Enters Crypto Market with Amber Japan Acquisition
Swathi Kashettar
Sony Group has officially entered the cryptocurrency exchange market by acquiring Amber Japan, marking a significant expansion into digital finance
The acquisition is part of Sony's strategy to diversify its portfolio, which already includes games, music, and cameras, and now extends to the crypto exchange arena
Amber Japan, formerly known as DeCurret, is a Japanese cryptocurrency and digital asset company that faced challenges following the FTX collapse
Investors in Amber Group, the parent company of Amber Japan, include notable names like Temasek, Sequoia China, Pantera, Tiger, and Coinbase, indicating strong market confidence
Blockchain and NFTs: Sony has shown active interest in blockchain technology and non-fungible tokens (NFTs), suggesting further innovation and integration in its entertainment industry