FTX Japan, one of the 4 FTX properties put on sale, stood out of Monex Group, an online brokerage firm based in Tokyo.

In an interview with traditional media outlet Bloomberg, Monex CEO Oki Matsumoto said that they are interested and revealed that it will be a “excellent thing” for them if there will be less competition within the local market.

Matsumoto likewise highlighted that the crypto market within Japan has a great deal of prospective because business might be checking out purchasing digital properties or utilizing nonfungible tokens for their marketing projects.

According to the CEO, Monex wishes to position itself as one of the few options for regional gamers when such a time comes.

Monex likewise owns a majority of the Japanese Bitcoin wallet and exchange service, Coincheck and expressed its intent to list the crypto exchange on Nasdaq last year. According to Matsumoto, there are no modifications in their strategies to list Coincheck on the Nasdaq exchange.

Related: Crypto exchange Coincheck prepares Nasdaq listing in July 2023

FTX Japan is one of the four FTX assets authorized to be soldin the middle of the personal bankruptcy proceedings. Other possessions consist of the stock-clearing platform Embed, the derivatives platform LedgerX and the Europe-based arm of the exchange, FTX Europe. The court enables those interested in purchasing to perform their due diligence and look into the assets for sale.

Monex is not the only firm eyeing the FTX property. On Jan. 10, a court filing validated that there are around 117 entities that expressed their interest in purchasing the embattled exchange’s assets. According to the information, 41 purchasers are checking out FTX Japan.