FTX Japan, one of the four FTX assets put on sale, caught the eye of Monex Group, an online brokerage firm based in Tokyo.
Monex CEO Oki Matsumoto stated that they are interested and that it will be a “really beneficial thing” for them if there is less rivalry in the local market in an interview with mainstream media outlet Bloomberg.
The Japanese cryptocurrency industry, according to Matsumoto, has a lot of promise because businesses may be considering employing nonfungible tokens for their marketing campaigns or investing in digital assets.
When that moment comes, the CEO of Monex claims that the company wants to be one of the few choices for regional players.Additionally, Monex has a majority stake in Coincheck, a Japanese bitcoin wallet and exchange service.
Last year, the company announced its intention to list Coincheck on Nasdaq. There have been no modifications to their intentions to put Coincheck on the Nasdaq exchange, claims Matsumoto.
One of the four FTX assets that have been authorized for sale during the bankruptcy proceedings is FTX Japan. Other assets include the exchange’s European division, FTX Europe, the stock-clearing platform Embed, and the derivatives platform LedgerX.
The court permits buyers to investigate the assets up for sale and do their due diligence. Not just Monex is interested in the FTX asset. On Jan. 10, a court document revealed that over 117 companies had expressed interest in buying the assets of the troubled exchange. 41 buyers are reportedly investigating FTX Japan, according to the information.
