TechFlow news — Oki Matsumoto, CEO of Japanese financial giant Monex Group, the parent company of cryptocurrency exchange Coincheck, said in an interview that he is interested in acquiring FTX Japan, a subsidiary of FTX, but declined to disclose his bid price.
Matsumoto stated that although Coincheck's current performance is not strong, it is "fundamentally a company capable of generating substantial profits," and that seeking a Nasdaq listing is not for fundraising purposes. He emphasized that the goal of going public is to attract global talent and enable acquisitions, calling it the "most important strategy" for Monex Group to advance its businesses in crypto assets and blockchain technology.
According to a CoinDesk report from October last year, Coincheck plans to complete its Nasdaq listing on July 2, 2023, through a business combination with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV.
Earlier reports indicated that a U.S. Bankruptcy Court judge in Delaware ruled that FTX can sell four key subsidiaries: derivatives trading platform LedgerX, stock clearing platform Embed, FTX Japan, and FTX Europe. Previous court filings revealed that approximately 117 companies expressed interest in purchasing FTX’s businesses. The sale notices will be published in about three business days. The initial letter of intent submission deadlines are January 18 for Embed, January 25 for LedgerX, and February 1 for FTX Europe and FTX Japan.Original link
