Oki Matsumoto, General Manager of MonexMonex Group, a Tokyo-based financial services firm, has expressed interest in buying the Japanese subsidiary of Sam Bankman-Fried's defunct crypto platform FTX, according to Monex CEO Oki Matsumoto.
Speaking to Bloomberg, Matsumoto said: "In general, we are naturally interested." Although he didn't go as far as to say that his team is preparing a formal offer for the company, he did say that having fewer cryptocurrency exchanges competing with his company would be "a really good thing."
FTX's Japanese entity has been put up for sale as part of the ongoing insolvency proceedings in the US. Today, forty-one different parties have expressed an interest in taking over parts of the ruined complex, twenty-five of which have already signed confidential pacts with the debtors, court documents reveal.
Matsumoto is betting that Japanese companies will soon be looking to buy digital currencies as investments and use NFTs for marketing purposes, and he wants to make sure his group is one of the few able to offer the right services when needed.
Monex is listed on the Tokyo Stock Exchange, and in XNUMX took over the beleaguered cryptocurrency exchange Coincheck, which had been razed by hackers. This move was made to complement its existing offering of Forex stocks and services. Matsumoto was quick to confirm that plans to list Coincheck on the Nasdeq exchange are still ongoing.
Just before his disappearance at the end of November, FTX Japan had around €XNUMX million in cash and deposits, and at the end of September reported that it had around €XNUMX million in net assets at the end of September. The company plans to let customers of the service withdraw their funds from next month.