<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0002083073</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<securitiesClassTitle>Ordinary shares, no par value per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>03/31/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001987363</issuerCik>
<issuerName>Waton Financial Ltd</issuerName>
<issuerCusip>G9548D104</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>Suites 3605-06, 36th Floor, Tower 6</com:street1>
<com:street2>The Gateway, Harbour City</com:street2>
<com:city>Tsim Sha Tsui, Kowloon</com:city>
<com:stateOrCountry>K3</com:stateOrCountry>
<com:zipCode>00000</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>ZHOU KAI</reportingPersonName>
<citizenshipOrOrganization>F4</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>40980000</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>40980000</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>40980000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>85</classPercent>
<typeOfReportingPerson>IN</typeOfReportingPerson>
<comments>(1) These ordinary shares are held by WATON CORPORATION LIMITED ("Waton Corporation"), of which approximately 47.70% are held by TRIUMPH TEAM ASSETS LIMITED ("Triumph Team Assets") and approximately 9.40% are held by WATON ESOP HOLDINGS LTD ("Waton ESOP Holdings"). Each of Triumph Team Assets and Waton ESOP Holdings is 100% owned by WTF Holding Group Limited ("WTF Holding", previously named "TZed Holding Group Limted"). The Company's Chairman of the Board of Directors, and Chief Technology Officer, Mr. Zhou Kai, is the sole director of Waton Corporation and 100% owner of each of Triumph Team Assets, Waton ESOP Holdings and WTF Holding. Mr. Zhou Kai holds the voting powers (and dispositive powers) over the ordinary shares held by Waton Corporation. &#13;
&#13;
(2) Percentage of class is calculated based on 48,237,472 shares of ordinary shares outstanding as of July 24, 2025, according to the Company's annual report on Form 20-F for the 2025 fiscal year filed with the U.S. Securities and Exchange Commission on July 24, 2025.</comments>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>WATON CORPORATION LIMITED</reportingPersonName>
<citizenshipOrOrganization>E9</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>40980000</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>40980000</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>40980000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>85</classPercent>
<typeOfReportingPerson>CO</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>TRIUMPH TEAM ASSETS LIMITED</reportingPersonName>
<citizenshipOrOrganization>D8</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>40980000</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>40980000</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>40980000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>85</classPercent>
<typeOfReportingPerson>CO</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>WATON ESOP HOLDINGS LTD</reportingPersonName>
<citizenshipOrOrganization>D8</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>40980000</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>40980000</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>40980000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>85</classPercent>
<typeOfReportingPerson>CO</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>WTF Holding Group Limited</reportingPersonName>
<citizenshipOrOrganization>D8</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>40980000</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>40980000</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>40980000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>85</classPercent>
<typeOfReportingPerson>CO</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Waton Financial Ltd</issuerName>
<issuerPrincipalExecutiveOfficeAddress>Suites 3605-06, 36th Floor, Tower 6, The Gateway, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, 00000</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Kai ZHOU&#13;
&#13;
WATON CORPORATION LIMITED&#13;
&#13;
TRIUMPH TEAM ASSETS LIMITED&#13;
&#13;
WATON ESOP HOLDINGS LTD&#13;
&#13;
WTF Holding Group Limited</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>Kai ZHOU's address or principal business office: Suites 3605-06, 36th Floor, Tower 6, The Gateway, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong&#13;
&#13;
WATON CORPORATION LIMITED's address or principal business office: Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands&#13;
&#13;
TRIUMPH TEAM ASSETS LIMITED's address or principal business office: Harneys Corporate Services Limited, Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands&#13;
&#13;
WATON ESOP HOLDINGS LTD's address or principal business office: Harneys Corporate Services Limited, Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands&#13;
&#13;
WTF Holding Group Limited's address or principal business office: Start Chambers, Wickhams Cayt II, P.O. Box 2221, Road Town, Tortola, British Virgin Islands</principalBusinessOfficeOrResidenceAddress>
<citizenship>Kai ZHOU's citizenship: China&#13;
&#13;
WATON CORPORATION LIMITED's place of organization: Cayman Islands&#13;
&#13;
TRIUMPH TEAM ASSETS LIMITED's place of organization: British Virgin Islands&#13;
&#13;
WATON ESOP HOLDINGS LTD's place of organization: British Virgin Islands&#13;
&#13;
WTF Holding Group Limited's place of organization: British Virgin Islands</citizenship>
</item2>
<item3>
<notApplicableFlag>Y</notApplicableFlag>
</item3>
<item4>
<amountBeneficiallyOwned>40,980,000</amountBeneficiallyOwned>
<classPercent>85.0</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>0</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>40,980,000</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>40,980,000</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>Y</notApplicableFlag>
</item10>
</items>
<signatureInformation>
<reportingPersonName>ZHOU KAI</reportingPersonName>
<signatureDetails>
<signature>/s/ Kai ZHOU</signature>
<title>Kai ZHOU</title>
<date>09/02/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>WATON CORPORATION LIMITED</reportingPersonName>
<signatureDetails>
<signature>/s/ Kai ZHOU</signature>
<title>Kai ZHOU, director</title>
<date>09/02/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>TRIUMPH TEAM ASSETS LIMITED</reportingPersonName>
<signatureDetails>
<signature>/s/ Kai ZHOU</signature>
<title>Kai ZHOU, director</title>
<date>09/02/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>WATON ESOP HOLDINGS LTD</reportingPersonName>
<signatureDetails>
<signature>/s/ Kai ZHOU</signature>
<title>Kai ZHOU, director</title>
<date>09/02/2025</date>
</signatureDetails>
</signatureInformation>
<signatureInformation>
<reportingPersonName>WTF Holding Group Limited</reportingPersonName>
<signatureDetails>
<signature>/s/ Kai ZHOU</signature>
<title>Kai ZHOU, director</title>
<date>09/02/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
