Sony Corporation has announced plans to revive the crypto exchange Whalefin, which it acquired from Amber Group in 2023. The acquisition, initially reported by Wu Blockchain and later detailed by the Block, marks Sony’s significant entry into the burgeoning crypto market.
Whalefin, now under Sony’s umbrella through its subsidiary Quetta Web, was previously owned by Amber Japan, formerly DeCurret, before its acquisition by Amber Group in 2022. This acquisition, although the financial terms remain undisclosed, underscores Sony’s commitment to expanding its footprint in the digital asset ecosystem.
On Monday, Whalefin issued a notice revealing that Amber Japan would be rebranded as S.BLOX under Sony’s ownership. Sony has confirmed its intention to relaunch the exchange with a new application, a move set to augment its existing ventures in Web 3 technologies.
While Sony has previously engaged with Web 3 technologies through investments and partnerships, this acquisition marks its formal entry into the crypto exchange sphere. Previously, the company collaborated with the Astar Network on a Web3 incubation program and pursued innovations such as a patent for transferring non-fungible tokens (NFTs) across various gaming platforms and consoles.
