SINGAPORE, February 9, 2022 — Amber Group, a leading global digital asset platform today announced the acquisition of DeCurret Inc. (DeCurret), the subsidiary crypto asset exchange of DeCurret Holdings, Inc., by Amber Group subsidiary WhaleFin Holdings Japan KK (WhaleFin Japan).
The transaction marks Amber Group’s entry into Japan, having acquired a Crypto Asset Exchange Service Provider (CAESP) registered with the Japan Financial Services Agency (FSA).
As one of the 30 registered CAESPs operating in Japan since 2018, DeCurret is a leading crypto exchange in the market. Backed by 35 shareholders, including major Japanese financial institutions and corporations, DeCurret pioneered the introduction of an electronic money collection service for crypto assets and led the industry in making crypto more accessible to consumers.
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Advantages of the acquisition
The purchase capitalizes on the synergies between Amber Group and Decurret, bringing together Amber Group’s first user digital asset investment tools under WhaleFin, and DeCurret’s crypto exchange offering and extensive market reach to unlock the potential of the crypto market. from Japan.
Additionally, Amber Group’s $5 billion worth of digital asset management on its platform will catalyze digital asset adoption in Japan, which saw a seven-fold growth in crypto deposits in 2021.
“Japan has tremendous strategic value as a major crypto finance market. We are proud to integrate the best of WhaleFin and DeCurret as we expand our presence in the country.
As a leading crypto exchange with deep roots in Japan, DeCurret not only has market experience and strong backing from major industry heavyweights, but its user-focused functionalities lend themselves well to WhaleFin’s offering and its spirit in the democratization of crypto finance for all.
This acquisition lays the foundation for us to continue to increase user trust in crypto assets through ease and accessibility, marking a new chapter for crypto finance in Japan.”
Michael Wu, Global CEO of Amber Group.
“We are very pleased that Amber Group, one of the fastest growing global crypto asset companies, is taking over the DeCurret initiative. We sincerely wish them success in the Japanese market and the continued growth of the Amber Group.”
Kazuhiro Tokita, Chairman and CEO of DeCurret Holdings, Inc.
seizing the opportunity
Amid a developing crypto asset regulatory landscape in Japan, the acquisition provided Amber Group with the opportunity to operate a registered CAESP. DeCurret’s registered status allows Amber Group and its subsidiary, WhaleFin Japan, to introduce regulated cryptocurrency exchange and custody services that comply with Japan’s financial market regulations.
“We are honored to add a subsidiary in Japan that is registered with the FSA. This is a historic moment for Amber Group as we move into the thriving Japanese market. Regulatory compliance is critical to solidifying the reputation of crypto assets as a credible and trusted asset class globally.
As we expand our global footprint and drive crypto asset innovation in the international financial ecosystem, we are committed to upholding the highest standards of regulatory compliance and meeting the standards and trust expected of an FSA-approved institution.”
Michael Wu, Global CEO of Amber Group.
Media contact
Stella Wang / [email protected]
About Amber Group
Amber Group is a leading digital asset platform operating globally with offices in Asia, Europe and the Americas. The company offers a full range of digital asset services spanning investment, financing, and trading. Amber is backed by prominent investors including Paradigm, Dragonfly, Pantera, Polychain, Sequoia, and Tiger Global.
For more information, visit ambergroup.io.
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