Japan’s multi-industry conglomerate Sony is getting ready to launch a cryptocurrency exchange subsidiary by revamping local trading platform WhaleFin which it acquired last year, according to a Monday press release on PR Times.

WhaleFin has been renamed to S.BLOX Co., which plans to collaborate with Sony Group’s other businesses to generate additional value for its crypto trading services, according to the statement. 

The revamp also includes a redesign of the user interface and a new mobile app that will be easier to use, the release said. The exact launch date of S.BLOX crypto exchange has not been announced.

The crypto trading entity was initially the Japanese crypto exchange DeCurret, which was first acquired by the Japanese subsidiary of Singapore’s Amber Group in 2022. In …