FTX Japan, one of four FTX assets put up for sale, caught the eye of Monex Group, a Tokyo-based online brokerage firm.
In an interview with the Bloomberg media outlet, Monex CEO Oki Matsumoto said they are interested and expressed that it will be “very good” for them if there is less competition in the local market.
Matsumoto also highlighted that the cryptocurrency market within Japan has a lot of potential because companies may be considering investing in digital assets or using non-fungible tokens for their marketing campaigns.
According to the CEO, Monex wants to position itself as one of the few options for local players when that time comes.
Monex also owns a majority of the Japanese cryptocurrency wallet and exchange service Coincheck, which expressed its intention to list on the Nasdaq last year.. According to Matsumoto, there are no changes to his plans to list Coincheck on Nasdaq.
FTX Japan is one of four FTX assets approved for sale in bankruptcy proceedings. Other assets include securities clearing platform Embed, derivatives platform LedgerX, and the European arm of the exchange, FTX Europe.. The court allows those interested in the purchase to carry out due diligence and examine the assets for sale.
Monex is not the only company interested in FTX assets. On Jan. 10, a court filing confirmed that there are around 117 entities that have expressed interest in acquiring the exchange’s assets for sale. According to the information, 41 buyers are interested in FTX Japan.
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