Rakuten Securities Backs 24X US Holdings to Expand Global Access to U.S. Stock Trading
Rakuten Securities Holdings has taken a strategic stake in 24X US Holdings LLC, a fintech firm pioneering extended-hour trading for U.S. equities. The MOVE responds to surging demand from Japanese and international investors seeking to trade American stocks during local market hours.
24X’s regulatory-approved subsidiary plans to launch a 23-hour weekday trading platform by 2025, targeting investors captivated by U.S. tech stocks but constrained by time zones. The exchange promises enhanced transparency for global participants.
The investment aligns with Rakuten Securities’ track record of innovation, including its 2020 cross-border trading platform and recent stock lending services. Market infrastructure evolves as investors demand borderless access to high-growth companies.