FTX Japan, one of four FTX assets for sale, has caught the eye of Monex Group, an online brokerage based in Tokyo.
In an interview with major media outlet Bloomberg, Monex CEO Oki Matsumoto said they are interested and expressed that it would be a “very good thing” for them if there was less competition within the domestic market.
Matsumoto also highlighted that the cryptocurrency market within Japan has a lot of potential because companies may look into investing in digital assets or using immutable tokens in their marketing campaigns.
According to the CEO, Monex wants to position itself as one of the few options for local players when such a time comes.
Monex also owns the majority of Japan’s Bitcoin wallet and exchange service, Coincheck and expressed its intention to list the cryptocurrency exchange on Nasdaq last year. According to Matsumoto, there are no changes to their plans to list Coincheck on NASDAQ.
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Related: Cryptocurrency exchange Coincheck plans Nasdaq listing in July 2023
FTX Japan is one of four FTX assets approved for sale amid bankruptcy proceedings. Other assets include securities clearing platform Embed, derivatives platform LedgerX and European exchange arm FTX Europe. The court allows would-be buyers to perform due diligence and look at the assets for sale.
Monex is not the only company eyeing FTX assets. On January 10, a court filing confirmed that some 117 entities had expressed interest in buying the assets of the embattled exchange. According to the information, 41 buyers are looking for FTX Japan.