U.S. financial regulatory authorities grant license to broker-dealer Toss, planning a Q3 launch for direct stock trading services.
South Korean fintech company Toss Securities is gearing up for its entry into the US financial market, aiming to launch direct brokerage services for US stock trading in the third quarter of 2025. This move marks a significant step towards Toss Securities' global expansion goals.
The company has established TSA Financial and Toss Securities Americas as its US entities in August 2024. TSA Financial, under the leadership of CEO Rich Hagen, obtained a license that allows Toss Securities to provide direct brokerage services, ensuring compliance with international standards and internal controls.
TSA Financial has been registered as a member of the Financial Industry Regulatory Authority (FINRA), demonstrating its deep understanding of the US market and regulatory landscape. This registration is a testament to Toss Securities' global service capabilities and internal control systems meeting international standards.
The direct brokerage service will allow clients to trade US stocks without intermediaries, offering a reliable investment environment with enhanced real-time monitoring. This service is expected to enhance the stability of offshore stock transactions for Toss Securities.
Toss Securities' US subsidiary, TSA Financial, is recruiting local talent and building system infrastructure for the direct brokerage service launch. The company's CEO, Rich Hagen, has emphasised TSA Financial's commitment to building local infrastructure and professional capabilities needed to support Toss Securities' global expansion.
According to Toss Securities CEO Kim Kyu-bin, obtaining the US broker-dealer license is a significant milestone in their journey towards becoming a global investment platform. Toss Securities has consistently maintained around a 20 percent market share in the country's portion of stock transactions on the US market.
TSA Financial's mission is to become a trusted global investment platform, serving as a bridgehead for Toss Securities' global business. The company's strategy involves enhancing its expertise in overseas brokerage, with a focus on the US market. This move demonstrates Toss Securities' ambition to establish a global investment platform by strengthening its overseas brokerage expertise and building local infrastructure.
In summary, Toss Securities' entry into the US financial market is a strategic move towards its global expansion goals. The direct brokerage service launch is expected to provide clients with a reliable investment environment and enhance the stability of offshore stock transactions for Toss Securities. TSA Financial, under the leadership of Rich Hagen, aims to become a trusted global investment platform, supporting Toss Securities' global expansion with a focus on the US market.
[1] Source: Toss Securities press release, June 18, 2025.
- Toss Securities' expansion into the US business sector is facilitated by the technology-driven approach of TSA Financial, as they aim to provide direct brokerage services in US stock trading, leveraging advanced systems to ensure global compliance and offering a reliable investment environment.
- TSA Financial's vision aligns with Toss Securities' ambition in the finance industry, seeking to establish themselves as a trusted global investment platform, capitalizing on opportunities in the US market by boosting their expertise in overseas brokerage, all in an effort to build a robust, tech-savvy, and dependable global investment ecosystem.
