Key facts
- Smartround Securities has been registered as a securities company by Japan's Financial Services Agency.
- The registration allows the company to operate a secondary market trading platform for unlisted shares.
- This initiative is part of broader government efforts to enhance trading flexibility for unlisted stocks.
- The goal is to encourage the growth of unicorn companies in Japan.
Japan's Financial Services Agency has registered Smartround Securities, a subsidiary of the Japanese startup Smartround, as a securities company. This move enables the operation of a new secondary market trading platform for unlisted shares. The initiative is part of the Japanese government's broader strategy to increase flexibility in the trading of unlisted stocks and to foster the growth of the country's unicorn companies. The platform aims to provide a more accessible environment for trading shares of companies that are not yet publicly listed.