ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Stocks

Japanese startup to offer online domestic equity trading

Sector untouched by new players for roughly a decade

TOKYO -- Financial technology outfit Folio is looking to become the first entrant in the online brokerage sector to deal in Japanese stocks in roughly a decade.

The Tokyo-based company will launch the business as soon as this spring. One Tap Buy, the Tokyo operator of a securities trading smartphone app, is also leaning toward adding Japanese equities to its lineup of foreign stocks within a similar time frame.

Folio is registering with the Kanto Local Finance Bureau, which serves the Tokyo region. Once the process is complete, the company will offer financial products that bundle stocks around such themes as Japan's casino legislation, or the policies of U.S. President Donald Trump. Clients will be able to manipulate asset weights and other aspects, with investments starting at around 100,000 yen ($887).

CEO Shinichiro Kai, a former securities trader at Barclays, founded Folio in 2015. To expand operations, the startup raised 1.8 billion yen this January from the likes of venture capital firm Jafco and Rakuten's fintech fund.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media