REGULATORY REQUIREMENT

12 Months Ended

Dec. 31, 2024

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

20.

REGULATORY REQUIREMENT

The Company’s broker-dealer subsidiaries, TradeUP Securities, US Tiger Securities, Tiger Brokers SG, Tiger Brokers HK, and TBAU are subject to capital requirements determined by its respective regulators.

TradeUP Securities and US Tiger Securities, the Company’s USA subsidiaries, are subject to the Uniform Net Capital Rule (Rule 15c3-1) under the Exchange Act in the USA, which requires the maintenance of minimum net capital.

Tiger Brokers SG, the Company’s Singapore subsidiary, is subject to the Securities and Futures Regulations 2018 (Amendment) under Chapter 289 of Securities and Futures Act in Singapore, which requires the maintenance of minimum net capital.

Tiger Brokers HK, the Company’s Hong Kong subsidiary, is subject to Securities and Futures (Financial Resources) Rules and the Securities and Futures Ordinance, Tiger Brokers HK is required to maintain minimum paid-up share capital and liquid capital.

TBAU, the Company’s Australia subsidiary, is subject to s912A(1)(d) of the Corporations Act 2001 in Australia, which requires the maintenance of minimum net capital.

As of December 31, 2023 and 2024, all of the Company’s broker-dealer subsidiaries met applicable minimum net capital requirements. The tables below summaries the net capital, the capital requirement and the excess net capital for the Company’s broker-dealer subsidiaries as of December 31, 2023 and 2024:


	Net Capital		Requirement		Excess Net Capital
December 31, 2024	US$		US$		US$
TradeUP Securities		204,825,441		22,789,455		182,035,986
Tiger Brokers SG		205,992,868		15,895,481		190,097,387
Tiger Brokers HK		58,838,395		11,686,213		47,152,182
US Tiger Securities		10,731,914		250,000		10,481,914
TBAU		4,227,660		256,115		3,971,545
Total		484,616,278		50,877,264		433,739,014

	Net Capital		Requirement		Excess Net Capital
December 31, 2023	US$		US$		US$
TradeUP Securities		158,727,445		11,128,558		147,598,887
Tiger Brokers SG		146,700,328		32,048,750		114,651,578
Tiger Brokers HK		21,565,377		3,878,298		17,687,079
US Tiger Securities		5,951,945		250,000		5,701,945
TBAU		2,165,288		174,997		1,990,291
Total		335,110,383		47,480,603		287,629,780

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details