Waton Financial is a Hong Kong holding company that operates securities brokerage and fintech software licensing businesses through its subsidiary, Waton Securities. The brokerage business enables retail and institutional investors to trade stocks, derivatives, and bonds in Hong Kong and U.S. markets through a mobile application. Waton Securities manages the full trade lifecycle, including account opening, execution, clearing, and settlement, while also providing margin financing to customers. In its fintech segment, Waton licenses a white-label trading platform to small and mid-sized brokers. The platform covers front-office trading, customer relationship management, and back-office settlement functions. Waton offers a bundled service called Broker Cloud Solutions, which combines software with Waton Securities' clearing infrastructure for brokers without their own exchange access. Waton generates revenue through trading commissions, margin interest, and software licensing fees. The Waton business model relies heavily on trading volumes and features high customer concentration. Waton's growth strategy includes launching an AI-driven trading agent platform, introducing virtual asset services, and expanding asset management and SPAC sponsorship activities. Waton also intends to export software solutions to brokers in international markets lacking electronic trading infrastructure.