Mirae Asset Securities

What Mirae Asset Securities does

Mirae Asset Securities is the publicly-listed (Korea Exchange: 006800:KS) core securities arm of Mirae Asset Financial Group, founded in 1997 in the wake of the Asian currency crisis. The firm operates a global institutional capital markets platform with self-clearing capabilities across the US, Canada, and 30+ international markets. In the United States, Mirae Asset Securities (USA) Inc. runs six core business lines from New York: Prime Brokerage (with non-bank holding company insulation from Basel III/Dodd-Frank/CCAR constraints), Global Securities Financing (bilateral and tri-party repo plus securities lending), Correspondent Clearing, Global Equities (with overnight trading), Foreign Equity Research Distribution (250+ Asian stocks under coverage), and ETF & Global Portfolio Trading (acting as authorized participant for major ETF issuers). The platform is supported by the proprietary Mirae Prime Portal and DTCC FICC membership.

Revenue mechanics combine multiple streams: financing spreads and securities lending fees (prime brokerage and repo), transaction fees (trading commissions, correspondent clearing, ETF creation/redemption), managed services (customized wrap portfolios, M-ROBO robo-advisory, IMA operations), and subscription/research distribution revenue. The broader group extends the platform globally through acquired brands including Global X ETFs ($50B+ US AUM), TIGER ETFs (36% Korean market share), GHCO (European ETF market maker), Mirae Asset Sharekhan (India retail brokerage with 1.6M accounts), WealthSpot (US AI subsidiary), and Stockspot (Australian robo-advisor). Distribution operates through a hybrid model spanning direct institutional sales, self-serve mobile platforms (M-STOCK in Korea, m.Stock in India), channel partnerships (Interactive Brokers, Webull), and content/media engagement targeting younger retail demographics (variety show 'Gonggang').

The firm generated FY2024 net profit of KRW 1.59 trillion ($1.08B USD), a 72% YoY increase, with Korean parent market capitalization reaching KRW 40.2 trillion ($27.8B) by February 2026. Recent strategic moves include the Sharekhan acquisition (December 2024, $480M), first-of-kind digital bond issuance via HSBC Orion (January 2026, KRW 100B), Korbit crypto exchange acquisition (February 2026), designation as South Korea's first IMA operator (November 2025), and DTCC Tokenization Working Group participation alongside JPMorgan, Goldman Sachs, and BlackRock (May 2026).

Name

Mirae Asset Securities

Legal name

Mirae Asset Securities (USA) Inc.

Website

https://miraeassetsecuritiesus.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Mirae Asset Securities is the publicly-listed Korean securities arm of Mirae Asset Financial Group, operating a global institutional capital markets platform spanning prime brokerage, securities financing, correspondent clearing, equities, ETF trading, and research across 19 markets.

Ownership category

akta.pro rank

Product category

Institutional Brokerage and Securities Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), All Other Financial Investment Activities (52399)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189), Investment Advice (6282)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industries

Managed Accounts, Separately Managed Accounts (SMA) & Funds Platforms (Crypto) (FSADAHAM), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Institutional prime brokerage
• Securities financing services
• Correspondent clearing
• ETF market making
• Global equity execution

Headquarters

HQ city

Nyack

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Prime Brokerage Services: Self-clearing prime brokerage services for hedge funds globally, including Reg T, Portfolio Margin, and Repo financing options; revenue generated via financing spreads, securities lending fees, and commissions.
2. Global Securities Financing / Repo: Bilateral and tri-party repurchase agreements (REPO) across Treasuries, Agency Debentures, Agency MBS pools, Investment Grade Corporates, and Investment Grade Municipalities; revenue earned via interest rate spread on repo transactions.
3. Correspondent Clearing: Fully integrated correspondent clearing services for equity and fixed income institutional broker-dealers in major global markets; revenue earned through clearing and custody fees plus technology/portal access.
4. Global Equities Trading: High and low touch equity execution services globally, plus overnight trading services; revenue generated via commissions, spreads, and overnight trading fees.
5. ETF & Global Portfolio Trading: Self-clearing ETF/Portfolio Trading desk operating as authorized participant (AP) for exchange traded funds; revenue from agency and principal portfolio trading, ETF creation/redemption, ETF block trading, and ETF portfolio rebalancing.
6. Customized Wrap Investment Service: Customized wrap investment service surpassed 4.2 trillion won in investment amount with total evaluation of ~7.7 trillion won and estimated customer profits of ~3.5 trillion won; portfolio focused on AI, semiconductors, and big tech sectors.
7. Underwriting & IPO Lead Management: Lead underwriter mandates (e.g., AutoHands pre-IPO, FuriosaAI Series D lead manager, Victory Giant Technology Hong Kong IPO cornerstone) generate underwriting fees and advisory revenue.
8. Foreign Equity Research Distribution: Institutional equity sales, research, and execution services covering 250+ stocks across Korea, Indonesia, and Vietnam with corporate access and capital introductions; revenue via research distribution and execution commissions.
9. Trading Commissions: Commission earnings from trading activity, including foreign omnibus accounts and increased retail trading activity in Korean equity markets.
10. Investment Management Agreement (IMA) Operations: Designated by South Korea as the country's first IMA operators, enabling the firm to pool client assets and raise significant funding, with mandatory investment in corporate-finance assets and venture investments.

Pricing tiers

Go-to-market motion5 records

Distribution channels8 records

Marketing channels7 records

Core offering

Mirae Asset Securities is a South Korean-headquartered securities firm (Korea Exchange ticker 006800:KS) that operates a self-clearing institutional capital markets platform through its U.S. arm in New York, providing Prime Brokerage, Global Securities Financing (Repo and Securities Lending), Correspondent Clearing, Global Equities execution, Foreign Equity Research Distribution, and ETF Authorized Participant/Portfolio Trading services to hedge funds, broker-dealers, ETF issuers, pensions, RIAs, insurance companies and multinational corporations. Beyond the institutional platform, the firm offers retail brokerage via M-STOCK in Korea and m.Stock in India, ETF management through Global X and TIGER brands, AI-driven wealth management (M-ROBO, WealthSpot, Stockspot), Customized Wrap Investment Service, Global Pension Desk for multinational corporations, and Asia's first blockchain-based digital bond issuance.

Product overview

Mirae Asset Securities operates as a diversified financial services platform across multiple entities rather than a single unified product. Its U.S. arm, Mirae Asset Securities (USA) Inc., provides a leading institutional capital markets platform organized around six core product lines — Prime Brokerage, Global Securities Financing, Correspondent Clearing, Global Equities, Foreign Equity Research Distribution, and ETF & Global Portfolio Trading — supported by the proprietary Mirae Prime Portal technology. The broader Mirae Asset Group extends this platform globally through acquired brands and subsidiaries: Global X ETFs (the U.S. flagship ETF brand), TIGER ETFs (Korean ETF brand with 36% domestic market share), Global X Canada, Global X Australia, Global X Japan, and Global X Brazil for ETF distribution worldwide; WealthSpot (U.S. AI subsidiary) and Stockspot (Australian robo-advisor) for AI-powered wealth management; GHCO (European ETF market maker) for trading infrastructure; and Mirae Asset Sharekhan (Indian retail brokerage) operating the m.Stock online trading platform. Domestic Korean services include the M-STOCK mobile trading system, M-ROBO robo-advisor service, Customized Wrap Investment Service, the Global Pension Desk (GPD), Gonggang variety show, the Mirae Asset India Research Centre digital platform, and Asia's first blockchain-based Digital Bonds issuance — all unified under the 'Mirae Asset 3.0' vision to integrate traditional and digital assets.

Differentiator

Problem solved

Functional benefit

Brands

• Mirae Asset Sharekhan: Indian retail brokerage brand following the Sharekhan acquisition in India.
• Global X
• TIGER ETFs
• M-STOCK
• m.Stock
• Stockspot
• Wealthspot
• Mirae Asset Consulting

Products and services

• Prime Brokerage Mirae Asset Securities (USA)'s flagship institutional capital markets platform offering global self-clearing in the US with access to Canada and 30+ international markets, financing options (Reg T, Portfolio Margin, Repo), securities lending, prime brokerage portal, technology solutions, and Korean equity research sales coverage for hedge funds and institutional investors globally.
• Global Securities Financing (Repo & Securities Lending) Repurchase Agreements (bilateral and tri-party) covering Treasuries, Agency Debentures, Agency MBS pools, Investment Grade Corporates, and Municipalities, plus Securities Lending services offering hard-to-borrow supply, automated locates, special situation trading and long-side monetization via fully paid, margin participation and collateral funding for institutional clients.
• Correspondent Clearing Fully integrated correspondent clearing services for equity and fixed income institutional broker-dealers in major global markets, connecting client front-ends with advanced clearing and custody platforms, supported by Mirae Prime Portal business advisory and dedicated U.S.-based support.
• Global Equities (Execution and Overnight Trading) Equity trading on a high and low touch basis and Overnight Trading Services, leveraging state-of-the-art networks to facilitate client trades with accuracy, efficiency, and discretion, minimizing market impact and pursuing liquidity and price improvement for institutional clients.
• Foreign Equity Research Distribution Institutional equity sales and execution services across Asia and North America, with a dedicated Asia sales desk in North America offering differentiated research, 250+ stocks under coverage, and full suite of execution services throughout Asia.
• ETF & Global Portfolio Trading Self-clearing ETF/Portfolio Trading desk and authorized participant for exchange traded funds, offering agency and principal portfolio trading, ETF creation/redemption, ETF portfolio rebalancing, ETF block trading with major liquidity providers, and capital markets support for ETF issuers.
• Global X ETFs (U.S. subsidiary) U.S. thematic ETF brand with over 90 ETFs spanning Thematic Growth, Income, and Commodities strategies; over $50 billion in U.S. AUM as of July 2024; distributed to U.S. retail and institutional investors.
• TIGER ETFs (Korean ETF brand) Korean-domiciled ETF brand including the flagship Tiger US S&P 500 ETF (Korea's largest ETF by net assets at KRW 8.54 trillion as of July 2025); held 36% domestic Korean ETF market share as of end-November 2024.
• Global X Canada (formerly Horizons ETFs)

Named customers7 records

Segments10 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability3 records

Feature9 records

Partnerships

Eight partnerships are on record, tiered flagship - mirae asset securities usa is the only korea-based subsidiary selected for this working group, major - enables international investors to trade korean equities directly, core - delivers u.s. market intelligence to korean investor base, flagship - sole lead manager for asia's first digital bond issuance, major - real estate finance partnership, major - clearing partner for new u.s. treasuries trading platform, major - distribution partners for m-robo robo-advisor and major - flagship etf brand under mirae asset.

• DTCC Tokenization Working Group (with JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock, Citigroup, UBS, NYSE)flagship - mirae asset securities usa is the only korea-based subsidiary selected for this working groupStrategic or Co-development PartnerMirae Asset Securities USA joined the Tokenization Working Group hosted by DTCC, the largest US financial market infrastructure company. The working group focuses on developing tokenized securities infrastructure, investor protection frameworks, and settlement systems for US capital markets. Mirae leverages its clearing infrastructure expertise to contribute insights on liquidity management and collateral mobility while advancing its global digital strategy.
• Interactive Brokers and Webullmajor - enables international investors to trade korean equities directlyChannel Partner/ Reseller/ DistributorMirae Asset Securities partnered with US-based platforms Interactive Brokers and Webull to offer foreign omnibus accounts, enabling international investors to trade Korean equities directly through their home-market brokerages. The Financial Services Commission abolished previous restrictions on such accounts in January as part of South Korea's push for MSCI developed-market status. Seven local brokers are preparing to launch the service.
• Benzingacore - delivers u.s. market intelligence to korean investor baseTechnology or IntegrationBenzinga, a North American financial news provider, partnered with Mirae Asset Securities of South Korea to deliver U.S. market insights and research tools to Korean investors. The integration includes Benzinga's datasets and news coverage to improve access to U.S. equities market information for Korean investors through Mirae's platform.
• HSBCflagship - sole lead manager for asia's first digital bond issuanceStrategic or Co-development PartnerHSBC was the lead manager for Mirae Asset Securities' issuance of 100 billion won ($70 million) in digital bonds, with Mirae Asset's Hong Kong subsidiary as co-manager. The bonds were issued simultaneously in two currencies (HKD $41.7M and USD $30M) via HSBC's Orion platform, which is linked to Hong Kong's Central Moneymarkets Unit. Orion uses the same blockchain infrastructure as Hong Kong's digital green bonds.
• HanmiGlobal Asset Managementmajor - real estate finance partnershipStrategic or Co-development PartnerHanmiGlobal Asset Management signed an MOU with Mirae Asset Securities to revitalize residential projects under purchase agreements with LH (Korea Land and Housing Corporation). HanmiGlobal Asset Management is the real estate finance subsidiary of HanmiGlobal.
• Cboe Global Marketsmajor - clearing partner for new u.s. treasuries trading platformStrategic or Co-development PartnerMirae Asset Securities (USA) Inc. was appointed as the fully disclosed clearing broker for Cboe Global Markets' new U.S. Treasuries trading platform. As a DTCC Fixed Income Clearing Corporation (FICC) member, Mirae helps ensure anonymity on the platform, with all trades facing Mirae and settling against the FICC. This was Mirae's first European market expansion step in August 2022.
• Hana Bank, NH Nonghyup Bank, and Industrial Bank of Koreamajor - distribution partners for m-robo robo-advisorChannel Partner/ Reseller/ DistributorMirae Asset Global Investments' M-ROBO robo-advisor service has been adopted by Hana Bank, NH Nonghyup Bank, and Industrial Bank of Korea. The AI-powered asset management service has delivered over 10% annual returns since 2020 and is part of Mirae's broader AI-driven asset management expansion.
• Global X USmajor - flagship etf brand under mirae assetStrategic or Co-development PartnerGlobal X US (Mirae Asset subsidiary acquired in February 2018 for $488 million) collaborated with Wealthspot (Mirae's AI-focused U.S. subsidiary) to launch the AI-based Global X Investment-Grade Corporate Bond ETF (GXIG) using corporate bond market data analysis. Global X has grown to $50 billion in U.S. AUM as of July 2024, with 93+ ETFs.

Scale indicators18 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Nomura Holdings: Japan-headquartered global investment bank with a large U.S. prime brokerage, equities trading and wholesale securities franchise. Most directly comparable to Mirae Asset Securities (USA) as an Asia-rooted broker-dealer scaling institutional capital markets globally.
• Daiwa Securities: Japanese securities firm with deep global wholesale, prime brokerage and ETF JV (Global X Japan) activity. Highly comparable to Mirae Asset Securities given the parallel Japan-Korea institutional brokerage trajectories and joint-venture ETF structures.
• Korea Investment & Securities: Korea's other first-designated IMA operator alongside Mirae Asset Securities. Most direct domestic peer across Korean retail brokerage, investment banking, asset management and the new IMA/corporate-finance regime.
• Samsung Securities: Top-tier Korean securities firm with parallel retail brokerage, wealth management, IB and trading operations. Closely comparable on domestic Korean retail flow exposure and prime/securities financing franchises.
• KB Securities: Bank-affiliated Korean securities firm competing with Mirae Asset Securities across Korean retail, IB and equity capital markets. Comparable product mix but with bank-holdco structural differences.
• Shinhan Securities: Major Korean broker-dealer with retail, wealth and institutional offerings including the m.Stock-style mobile trading business. Comparable scale and product breadth in domestic Korean brokerage.
• Jane Street: Large global ETF market maker and prop trading firm; GHCO (Mirae's European market-making subsidiary) is explicitly positioned to compete with Jane Street and Flow Traders. Closest peer for the ETF market-making arm.

Broad incumbents

• Hana Financial Group: Diversified Korean financial conglomerate recently surpassed in market cap by Mirae Asset Securities. Provides the relevant benchmark on Korean financial sector valuation and a comparable wealth/banking/securities platform.
• Woori Financial Group: Another Korean financial conglomerate Mirae Asset Securities surpassed in market cap in early 2026. Useful broad benchmark for Korean retail banking + securities franchise competition.
• Goldman Sachs: Global bulge-bracket prime broker with whom Mirae Asset Securities directly competes for hedge fund PB mandates and is also co-member of the DTCC Tokenization Working Group. Relevant comparable for institutional capital markets scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@MiraeAssetSecuritiesUSAInc
• LinkedInlinkedin.com/company/mirae-asset-securities-usa-inc.

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries11 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments19 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mirae Asset Securities