Amber Group has procured DeCurret Inc., a crypto-asset exchange
service provider, which is registered with the Japanese Financial Services
Agency (FSA).
Finance Magnates recently learned that Amber Group, a global
digital asset platform, announced that its subsidiary, WhaleFin Holdings Japan
K.K (WhaleFin Japan) has acquired DeCurret Inc., a crypto asset exchange
subsidiary of DeCurret Holdings,
The deal will provide Amber Group access to the Japanese
market. Further, it has acquired a Crypto-Asset Exchange Service Provider
(CAESP) also registered with the FSA. Since it is one among 30 registered
CAESPs that have operated in Japan
since 2018, DeCurret holds a strong position in the crypto exchange market.
The purchase will build on the synergies between the two
parties, Amber Group and DeCurret. Thus, Amber
Group’s user-first digital asset investing tools under WhaleFin will
combine with DeCurret’s crypto exchange offering and its extensive in-market
reach. Consequently, this will open the doors to Japan’s crypto market
potential.
Also, Amber Group manages digital assets worth $5 billion on
its platform. Therefore, it will catalyze the adoption of Japan’s digital
assets that recorded seven times the crypto deposit growth in 2021.
Japan Crypto Market Holds Tremendous Strategic Value
Michael Wu, the Global Chief Executive Officer of Amber
Group, said: “Japan holds tremendous strategic value as a significant
crypto finance market, and we are proud to be integrating the best of both
WhaleFin and DeCurret as we expand our presence in the country. As a leading
crypto exchange with deep roots in Japan, DeCurret has not only market
expertise and strong backing from major industry heavyweights but its
user-first functionalities lend itself well to WhaleFin’s offering and its
ethos in democratizing crypto finance for everyone. This acquisition lays the
foundation for us to continue building user confidence in crypto assets through
ease and accessibility, marking a new chapter for crypto finance in Japan.”
“We are very pleased to have Amber Group, one of the
fastest-growing global crypto asset companies, take over the DeCurret
initiative. We sincerely wish them success in the Japanese market and the
continued growth of the Amber Group,” the President and CEO of DeCurret
Holdings, Inc., Kazuhiro Tokita added.
A Subsidiary in Japan Registered with the FSA
This acquisition has enabled Amber Group to operate a
registered CAESP as DeCurret’s registration status allows the Group and its
subsidiary, WhaleFin Japan, to introduce regulated crypto exchange and custody
services that are compliant with the financial market regulations in Japan.
“We are honoured to
add a subsidiary in Japan that is registered with FSA, and this is a landmark
moment for Amber Group as we make inroads into the thriving Japanese market.
Regulatory compliance is critical to cement the reputation of crypto assets as
a credible and trusted asset class globally. As we expand our global footprint
and drive crypto-asset innovation across the international financial ecosystem,
we are committed to upholding the highest regulatory compliance standards, and
to meeting the standards and trust expected of an FSA-approved institution,” Wu
stated.
Previously, DeCurret pioneered the introduction of an
electronic money charge service for crypto-assets, and led the industry in
making cryptocurrency more accessible to consumers.
Amber Group has procured DeCurret Inc., a crypto-asset exchange
service provider, which is registered with the Japanese Financial Services
Agency (FSA).
Finance Magnates recently learned that Amber Group, a global
digital asset platform, announced that its subsidiary, WhaleFin Holdings Japan
K.K (WhaleFin Japan) has acquired DeCurret Inc., a crypto asset exchange
subsidiary of DeCurret Holdings,
The deal will provide Amber Group access to the Japanese
market. Further, it has acquired a Crypto-Asset Exchange Service Provider
(CAESP) also registered with the FSA. Since it is one among 30 registered
CAESPs that have operated in Japan
since 2018, DeCurret holds a strong position in the crypto exchange market.
The purchase will build on the synergies between the two
parties, Amber Group and DeCurret. Thus, Amber
Group’s user-first digital asset investing tools under WhaleFin will
combine with DeCurret’s crypto exchange offering and its extensive in-market
reach. Consequently, this will open the doors to Japan’s crypto market
potential.
Also, Amber Group manages digital assets worth $5 billion on
its platform. Therefore, it will catalyze the adoption of Japan’s digital
assets that recorded seven times the crypto deposit growth in 2021.
Japan Crypto Market Holds Tremendous Strategic Value
Michael Wu, the Global Chief Executive Officer of Amber
Group, said: “Japan holds tremendous strategic value as a significant
crypto finance market, and we are proud to be integrating the best of both
WhaleFin and DeCurret as we expand our presence in the country. As a leading
crypto exchange with deep roots in Japan, DeCurret has not only market
expertise and strong backing from major industry heavyweights but its
user-first functionalities lend itself well to WhaleFin’s offering and its
ethos in democratizing crypto finance for everyone. This acquisition lays the
foundation for us to continue building user confidence in crypto assets through
ease and accessibility, marking a new chapter for crypto finance in Japan.”
“We are very pleased to have Amber Group, one of the
fastest-growing global crypto asset companies, take over the DeCurret
initiative. We sincerely wish them success in the Japanese market and the
continued growth of the Amber Group,” the President and CEO of DeCurret
Holdings, Inc., Kazuhiro Tokita added.
A Subsidiary in Japan Registered with the FSA
This acquisition has enabled Amber Group to operate a
registered CAESP as DeCurret’s registration status allows the Group and its
subsidiary, WhaleFin Japan, to introduce regulated crypto exchange and custody
services that are compliant with the financial market regulations in Japan.
“We are honoured to
add a subsidiary in Japan that is registered with FSA, and this is a landmark
moment for Amber Group as we make inroads into the thriving Japanese market.
Regulatory compliance is critical to cement the reputation of crypto assets as
a credible and trusted asset class globally. As we expand our global footprint
and drive crypto-asset innovation across the international financial ecosystem,
we are committed to upholding the highest regulatory compliance standards, and
to meeting the standards and trust expected of an FSA-approved institution,” Wu
stated.
Previously, DeCurret pioneered the introduction of an
electronic money charge service for crypto-assets, and led the industry in
making cryptocurrency more accessible to consumers.
Source: https://www.financemagnates.com/cryptocurrency/amber-group-procures-decurret-inc-enabling-its-entry-to-japans-crypto-market/