Toss Securities Expanding Global Footprint with First U.S. Office
Toss Securities, a subsidiary of the South Korean fintech giant Long live the Republic, is embarking on its international expansion journey with the establishment of its first global office in the United States. The company, known for its data-driven investment platform in South Korea, aims to strengthen its presence in the U.S. market with this strategic move.
The decision to set up a U.S. office, named Toss Securities Americas (TSA), was recently approved at a board meeting. Kyungsoo (Peter) Kim, the current Head of Finance at Toss Securities, will take on the role of CEO for this new subsidiary. This appointment is expected to leverage existing relationships with U.S. brokers and partners, facilitating smoother operations in the region.
In addition to expanding its financial services, Toss Securities is actively exploring non-financial business opportunities. A notable collaboration includes a marketing and partnership agreement with GraniteShares, a prominent ETF operator in the U.S. This partnership aligns with Toss Securities’ goal to identify new avenues for business expansion and growth.
Seungyeon Kim, CEO of Toss Securities, expressed enthusiasm about the company’s move into the U.S. market, citing it as a natural progression for a market leader in Korea. The establishment of TSA is projected to accelerate Toss Securities’ business growth in the U.S. as the company continues to work closely with its partners in the region.
Toss Securities has been a pioneer in the Korean investment industry, launching its mobile trading platform in March 2021. With over 6.1 million customers and more than 3.2 million Monthly Active Users (MAU) as of July 2024, the company has established itself as a trailblazer in the digital investment space. Offering real-time overseas decimal stock trading and a range of user-centric services, Toss Securities has set itself apart as a data-driven investment platform.
For more information about Toss Securities and its expansion into the U.S. market, visit the company’s official website and stay updated on the latest developments. Stay tuned for more exciting updates from Toss Securities as it continues its global expansion journey.
SOURCE: Toss Securities
(image: Toss Securities Americas logo)
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