2 years ago
Hong Kong unicorn Amber Group acquired DeCurret Inc., a licensed crypto speech relation successful Japan, from DeCurret Holdings for an undisclosed amount.
The acquisition, which took spot done Amber Group's section subsidiary, WhaleFin Holdings Japan, marks Amber Group's operational introduction into Japan, according to a property merchandise shared with CoinDesk connected Tuesday.
DeCurret Inc. is 1 of 30 crypto-asset speech work providers (CAESP) registered with Japan's Financial Services Agency (FSA). The exchange, which has been operating for 3 years, has yet to crook a profit, a DeCurret Holdings typical told CoinDesk successful December 2021.
DeCurret Holdings, a blockchain and fintech firm, is starring the plan of a digital yen backed by a consortium of implicit 70 of Japan's biggest companies and banks.
Amber Group is simply a crypto concern startup offering services specified arsenic algorithmic trading and integer market-making arsenic good arsenic borrowing and lending to organization and idiosyncratic investors. It reached a $1 cardinal valuation successful June 2021, aft a $100 cardinal Series B backing round.
The institution has offices astir the world. While it was initially acceptable up successful Hong Kong, CEO Michael Wu precocious moved to Singapore, an Amber Group typical said.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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