Capital Markets Stocks

Morgan Stanley operates as a prominent financial holding company, delivering a comprehensive suite of financial solutions and services. Its diverse clientele spans major corporations, governmental bodies, financial institutions, and individual clients across various global regions, including the Americas, Europe, the Middle East, Africa, and Asia. The firm's operations are structured into three primary divisions: Institutional Securities, Wealth Management, and Investment Management. Within the Institutional Securities segment, Morgan Stanley provides crucial capital-raising and strategic financial advisory services. This includes underwriting activities for debt, equity, and other financial instruments, alongside expert counsel on mergers and acquisitions, corporate reorganizations, real estate transactions, and project financing. Furthermore, this division is a key player in sales and trading, offering services like sales execution, financing solutions, prime brokerage, and market-making across equity and fixed-income products, encompassing foreign exchange and commodities. It also extends corporate and commercial real estate loans, furnishes secured lending facilities, supports sales and trading clients with financing, and engages in asset-backed and mortgage lending. Investment and research services, along with specific wealth management offerings, are also part of this segment. The Wealth Management segment caters to individual investors, as well as small to medium-sized enterprises and institutions. It offers a broad spectrum of services, from financial advisor-led and self-directed brokerage and investment guidance to comprehensive financial and wealth planning. This segment also delivers workplace solutions, such as stock plan administration, and provides annuity and insurance products. Lending options include securities-backed loans, residential real estate mortgages, and other credit facilities, complemented by banking and retirement plan services. Finally, the Investment Management segment is dedicated to providing specialized investment products, including equity, fixed income, liquidity, and alternative strategies. These offerings are distributed through institutional and intermediary channels to a sophisticated client base that features benefit and defined contribution plans, foundations, endowments, governmental entities, sovereign wealth funds, insurance companies, and corporate and third-party fund sponsors. Morgan Stanley's origins trace back to its founding in 1924, and its global headquarters are situated in New York, New York.

The Goldman Sachs Group, Inc. (GS) operates as a prominent global financial services firm, offering an extensive array of services to corporations, financial institutions, governmental bodies, and individuals worldwide. The company's operations are organized into four primary divisions: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment furnishes strategic advisory services covering intricate transactions such as mergers, acquisitions, divestitures, corporate defense strategies, restructurings, and spin-offs. It also extends various lending facilities, including middle-market, relationship, and acquisition financing, in addition to transaction banking services. This division further specializes in underwriting, assisting clients with equity offerings for common, preferred, and convertible securities, as well as debt offerings encompassing investment-grade, high-yield, bank/bridge loans, and emerging market debt instruments, alongside the creation of structured securities. Within its Global Markets division, Goldman Sachs engages in client execution activities for both cash and derivative instruments, provides solutions for credit and interest rate products, and offers comprehensive equity intermediation, financing, clearing, settlement, and custody services. This segment also transacts in products linked to mortgages, foreign exchange, commodities, and equities. The Asset Management segment is responsible for managing assets across a diverse spectrum of classes, including equities, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities. It delivers tailored investment advisory solutions and makes direct investments in corporate entities, real estate ventures, and infrastructure projects. The Consumer & Wealth Management segment provides individual clients with wealth advisory and banking services. These include financial planning, investment management, deposit-taking, and lending. It also offers private banking services, unsecured loans, and accepts savings and time deposits. Founded in 1869, the company's corporate headquarters are located in New York, New York.

The Charles Schwab Corporation (SCHW) stands as a prominent financial services enterprise, delivering a comprehensive suite of offerings that encompass wealth management, securities trading and brokerage, banking services, asset administration, custodial solutions, and financial planning advice. Its operations are primarily structured around two core divisions: Investor Services and Advisor Services. The Investor Services segment caters directly to individual retail clients, furnishing a range of services such as brokerage accounts, investment guidance, banking and trust administration, retirement planning, and corporate brokerage offerings. It further assists businesses with the full-service recordkeeping of equity compensation plans (e.g., stock options, restricted stock, performance shares), provides clearing services for retail investors and mutual funds, and offers compliance solutions. Conversely, the Advisor Services segment provides a robust support system for independent investment advisors. This includes custodial services, trading platforms, banking infrastructure, and general operational support. Within this segment, offerings span diverse brokerage accounts for equities, fixed income, margin lending, options, and futures/forex trading. It also facilitates cash management through various instruments, provides access to a broad selection of proprietary and third-party mutual funds and ETFs, and offers comprehensive trading and clearing for these investment vehicles. Furthermore, it delivers sophisticated advice solutions like managed portfolios, separately managed accounts, customized personal financial guidance, and specialized planning. Complementing these are banking products such as checking and savings accounts, first-lien residential mortgages, home equity lines of credit, and pledged asset lines, alongside a full spectrum of trust services including custody, reporting, and administrative roles. As of December 31, 2021, the company maintained an extensive physical presence, with approximately 400 domestic branch offices located across 48 U.S. states and the District of Columbia, in addition to sites in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. Established in 1971, its corporate headquarters are situated in Westlake, Texas.

Robinhood Markets, Inc. operates a financial services platform available to users throughout the United States. This platform empowers individuals to engage in a wide array of investments, encompassing common stocks, exchange-traded funds (ETFs), options contracts, gold, and various cryptocurrencies. Beyond its core trading functionalities, the company dedicates efforts to providing educational and informational resources. These include "Snacks," a concise daily summary of business news; "Learn," an extensive digital library offering guides, tutorials, and a comprehensive financial dictionary; and "Newsfeeds," which grants complimentary access to premium financial journalism from reputable sources like Barron's, Reuters, and The Wall Street Journal. Additionally, the platform supports users with tools such as customizable watchlists and alert systems for monitoring specific securities, ETFs, and digital assets. It also provides cash management services. For new customers, particularly those who have not yet made their initial investment, Robinhood offers personalized first trade recommendations. Robinhood Markets, Inc. was established in 2013 and maintains its principal operations from Menlo Park, California.

Raymond James Financial, Inc. operates as a comprehensive financial services firm, extending a wide array of services to individuals, businesses, and governmental entities throughout the United States, Canada, and Europe. Its diverse operations are categorized into several key segments: Private Client Group, Capital Markets, Asset Management, Banking, and an "Other" category. The Private Client Group division equips clients with various investment solutions, personalized portfolio management, a selection of insurance and annuity products, and mutual funds. This segment also provides essential backing to third-party product partners, covering aspects like sales and marketing support, distribution, accounting, and general administrative assistance. Additionally, it facilitates margin loans and offers securities borrowing and lending services. Within the Capital Markets segment, the company engages in investment banking activities, which include orchestrating equity and debt offerings, along with offering expert advisory services for mergers and acquisitions. It further provides robust brokerage services for both fixed income and equity securities. The Asset Management segment specializes in delivering sophisticated asset and portfolio management services, complemented by administrative support functions such as detailed record-keeping, for both individual (retail) and institutional clients. Raymond James Bank maintains a portfolio of insured deposit accounts and a diverse range of lending products. These include commercial and industrial loans, financing for commercial real estate (CRE) and CRE construction, tax-exempt loans, residential mortgages, and securities-based loans. The bank also plays a role in loan syndication. Finally, the Other segment encompasses the firm's private equity activities, comprising direct investments and those made through third-party private equity funds, as well as the management of legacy private equity portfolios. Established in 1962, the company's corporate headquarters are situated in St. Petersburg, Florida.

Nomura Holdings, Inc., a financial powerhouse headquartered in Tokyo, Japan, and established in 1925, delivers a comprehensive array of financial services on a global scale. Its diverse clientele spans individuals, corporations, financial institutions, and governmental bodies. The company's operations are structured into three principal divisions: Retail, Investment Management, and Wholesale. Within its Retail segment, Nomura offers a variety of financial products and investment services to individual customers, facilitated by a network of 119 branches as reported on March 31, 2022. The Investment Management division focuses on overseeing various funds, including investment trusts and other investment vehicles, in addition to providing advisory, custodial, and administrative support for investments. Nomura's Wholesale arm engages in extensive activities, encompassing research, sales, trading, agency execution, and market-making for both fixed income and equity-linked instruments. This segment also plays a significant role in underwriting a broad spectrum of securities—ranging from diverse share classes and convertible instruments to investment-grade, high-yield, sovereign, and emerging market debts, as well as structured products and other financial assets. Beyond underwriting, it orchestrates capital-raising initiatives, including private placements, and delivers expert financial advisory services for complex business transactions such as mergers, acquisitions, divestitures, spin-offs, capital restructuring, corporate defense, leveraged buyouts, and risk mitigation strategies. Moreover, this division makes various financial instruments available to its clients. Historically, the firm was known as The Nomura Securities Co., Ltd., before officially changing its name to Nomura Holdings, Inc. in October 2001.

LPL Financial Holdings Inc., operating through its subsidiaries, delivers an integrated ecosystem of brokerage and investment advisory solutions. These services are primarily aimed at independent financial professionals and advisors affiliated with financial institutions across the United States. The firm's brokerage division offers a diverse range of financial instruments, encompassing various annuities (both variable and fixed), mutual funds, equities, and savings vehicles for retirement and education. It also includes fixed income products, insurance, and specialized alternative investments such as non-traded real estate investment trusts and auction rate notes. Furthermore, LPL provides advanced advisory platforms that facilitate access to mutual funds, exchange-traded funds (ETFs), stocks, bonds, specific option strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. The company also extends its offerings to include money market programs and versatile retirement solutions. These solutions support both commission-based and fee-based services, empowering advisors to furnish brokerage services, consultation, and strategic advice to retirement plan sponsors. Additional services encompass essential tools designed to help advisors maintain and grow their practices. LPL also offers trust, investment management oversight, and custodial services tailored for estates and families, alongside insurance brokerage general agency services. Complementing these are sophisticated technology products, including proposal generation, investment analytics, and portfolio modeling capabilities. Founded in San Diego, California, in 1989, the company initially operated as LPL Investment Holdings Inc. before officially changing its name to LPL Financial Holdings Inc. in June 2012.

Tradeweb Markets Inc. is a global provider that develops and manages sophisticated electronic trading platforms across the Americas, Europe, the Middle East, Africa, and Asia Pacific. These digital venues facilitate transactions in a diverse array of financial instruments, including fixed income (rates and credit), money market products, and equities. The company offers a comprehensive range of services, encompassing pre-trade analytics and data, efficient trade execution, and streamlined processing. It also delivers valuable post-trade data insights, analytical tools, and detailed reporting solutions. Tradeweb caters to a broad spectrum of market participants. It provides flexible order management and trading systems for institutional investors, operating in 45 distinct financial markets and supporting 25 different currencies. Through its Dealerweb platform, it offers a mix of electronic, voice, and hybrid trading solutions to roughly 300 dealers and financial institutions. Furthermore, the Tradeweb Direct platform is specifically designed to serve financial advisory firms and individual traders. With a substantial client network of approximately 2,500 entities, Tradeweb serves the institutional, wholesale, and retail sectors. Its extensive client base includes asset managers, hedge funds, insurance providers, central banks, commercial banks, securities dealers, proprietary trading firms, retail brokerage houses, financial advisory practices, and regional dealers. Tradeweb Markets Inc. was established in 1996, with its corporate headquarters located in New York, New York. The company operates as a subsidiary of Refinitiv Parent Limited.

Circle Internet Group, Inc. establishes and maintains the core infrastructure for stablecoin and blockchain-based applications, functioning as a foundational platform and network for this innovative financial technology. The company offers an extensive array of stablecoin products and services, empowering organizations to harness the benefits of digital currencies and the evolving internet-driven financial ecosystem. Notably, it is a prominent issuer of a stablecoin pegged to the U.S. dollar. Its robust digital asset network encompasses proprietary Circle stablecoins, tokenized investment funds, liquidity provision, payment processing solutions, and comprehensive support for both developers and system integration. Founded in 2013, the firm maintains its headquarters in New York, New York.

IREN Limited, established in 2018 and based in Sydney, Australia, operates a comprehensive, vertically integrated data center business spanning Australia and Canada. The company possesses and manages all essential infrastructure, including its computing hardware, electrical systems, and the data center facilities themselves. A primary undertaking for IREN Limited is the mining of Bitcoin, a scarce digital asset created and exchanged via a decentralized, peer-to-peer computer network utilizing specialized Bitcoin software. The company was previously named Iris Energy Limited, officially adopting IREN Limited in November 2024.

Evercore Inc. functions as an autonomous investment banking advisory firm, maintaining a substantial international presence with operations spanning the United States, Europe, and Latin America. The company is structured into two core business units: Investment Banking and Investment Management. Its Investment Banking division provides extensive strategic guidance, covering mergers and acquisitions, corporate strategic planning, defense advisory, shareholder relations, special committee engagements, and complex transaction structuring. This segment also delivers capital markets expertise, encompassing equity offerings, corporate restructurings, debt solutions, private placements, market risk management and hedging, private capital advisory, and private fund services. Moreover, it supplies institutional investors with research-backed sales and trading services via a comprehensive, content-driven platform. The Investment Management division specializes in offering wealth management solutions to high-net-worth individuals, foundations, and endowments, in addition to overseeing financial assets for institutional clients. Established in 1995, Evercore Inc. has its headquarters in New York, New York. The firm was formerly known as Evercore Partners Inc. until it rebranded to Evercore Inc. in August 2017.

Futu Holdings Limited is a global provider of digital brokerage services for securities and the distribution of wealth management products, with operations based in Hong Kong. The company's primary offerings include a full spectrum of online financial services delivered through its proprietary digital platforms, Futubull and Moomoo. These services cover brokerage for trading securities and derivatives, margin lending, and the distribution of investment funds. Beyond trading, Futu also supplies financial market data and analytical information. Its "Money Plus" brand, integrated into the Futubull and Moomoo platforms, grants clients access to a diverse array of online wealth management products, such as mutual funds, private funds, bonds, structured products, and other investment vehicles. A key component of its ecosystem is the "NiuNiu Community," an interactive online forum where users and clients can freely share insights, pose questions, and discuss financial ideas. Futu Holdings Limited was established in 2007 and is headquartered in Admiralty, Hong Kong.

Hut 8 Corp. operates as a vertically integrated enterprise, encompassing the entire process from substantial energy infrastructure development to digital asset mining. The company conceptualizes, constructs, oversees, and runs specialized data centers tailored to support highly demanding computational workloads, which include their proprietary Bitcoin mining operations, as well as platforms for high-performance computing (HPC) and artificial intelligence (AI) applications.

Jefferies Financial Group Inc. operates as a diversified global financial services firm, primarily focused on investment banking, capital markets, and asset management. Its extensive operations span the Americas, Europe, the Middle East, Africa, and Asia. The company organizes its activities into distinct segments: Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate. Jefferies delivers a comprehensive suite of investment banking services, offering strategic advisory for mergers and acquisitions, restructurings, recapitalizations, and private capital transactions. This also includes underwriting for both equity and debt issuances, as well as corporate lending. Beyond advisory and underwriting, the firm provides financing, securities lending, and other prime brokerage solutions. It further supports clients with equities research, financing, and wealth management services. In its capital markets segment, Jefferies engages in the sales and trading of a wide array of fixed-income products. This encompasses investment-grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage-backed and asset-backed securities, leveraged and consumer loans, high-yield and distressed debt, and emerging markets debt. The firm also deals in interest rate and credit derivative products, performs foreign exchange trade execution, and offers securitization services. Within asset management, Jefferies is involved in the management, investment, and servicing of diverse alternative asset management platforms, covering numerous investment strategies and asset classes. Founded in 1962 and headquartered in New York, New York, the company was formerly known as Leucadia National Corporation until it officially changed its name to Jefferies Financial Group Inc. in May 2018.

Virtu Financial, Inc. stands as a leading financial services firm, delivering a comprehensive suite of data, analytical, and connectivity products to a global clientele. The company is structured around two core operational segments: Market Making and Execution Services. Its extensive portfolio of solutions encompasses capabilities for trade execution, efficient liquidity sourcing, advanced analytics, and broker-neutral, multi-dealer workflow technology platforms. These offerings empower clients to conduct trades across diverse venues internationally and within a broad spectrum of asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, cryptocurrencies, and various other commodities. Furthermore, Virtu's advanced analytics platform furnishes clients with an array of pre- and post-trade services, valuable data products, and essential compliance tools, enabling them to effectively invest, trade, and manage risk exposures across various markets. Established in 2008, Virtu Financial maintains its headquarters in New York City.

TeraWulf Inc., headquartered in Easton, Maryland, is a digital asset technology firm operating within the United States. The company specializes in the development, ownership, and management of infrastructure dedicated to bitcoin mining. Currently, TeraWulf oversees two primary bitcoin mining centers, strategically located in New York and Pennsylvania.

Stifel Financial Corp., a prominent financial services and bank holding company, offers a wide array of wealth management and investment banking solutions. It caters to a diverse clientele, including individual investors, corporations, municipalities, and various institutions, with operations spanning the United States, the United Kingdom, other European countries, and Canada. The company organizes its business into three main divisions: Global Wealth Management, the Institutional Group, and an "Other" segment. Through Global Wealth Management, it delivers personalized private client services, such as brokerage for securities transactions and comprehensive financial planning. The Institutional Group provides extensive expertise in institutional equity and fixed income sales, trading, and research, alongside municipal finance services. Its investment banking division facilitates crucial corporate finance activities like mergers and acquisitions, public securities offerings, and private capital placements. Stifel also engages in retail and commercial banking, offering both personal and business lending programs, as well as deposit account services. Additionally, the firm is actively involved in managing and participating in underwriting for corporate and public finance initiatives, while also providing financial advisory and securities brokerage services. Founded in 1890, Stifel Financial Corp. is headquartered in St. Louis, Missouri.

Galaxy Digital Inc. stands as a prominent entity within the digital asset and blockchain industries, strategically organizing its extensive operations across three principal divisions: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company furnishes a comprehensive suite of financial products and services designed for both individual and institutional clientele. These offerings span various activities, including digital asset spot and derivatives trading, customized lending, structured products, and specialized financing. Furthermore, Galaxy Digital delivers capital markets and mergers & acquisitions advisory services pertinent to the digital asset sector. For institutional investors, the firm provides GalaxyOne, an integrated technology platform, along with expert financial and strategic advisory tailored for the digital assets, Web3, and broader blockchain ecosystem. Its Galaxy Asset Management arm facilitates engagement with the digital asset landscape, employing sophisticated quantitative, arbitrage, and macro trading strategies, in addition to offering bitcoin mining and validator services. Beyond its service offerings, the company is actively involved in the development, operation, and investment in foundational technology that underpins the digital asset ecosystem, which includes bitcoin mining and hosting services, network validator services, and advanced enterprise-grade self-custody solutions. The company's headquarters are situated in New York, New York.

StoneX Group Inc. operates as a global financial services provider, connecting a diverse range of entities, including corporations, organizations, traders, and investors, to the worldwide market ecosystem. Its Commercial division offers a comprehensive suite of services, such as risk mitigation, hedging strategies, execution and clearing for both exchange-traded and over-the-counter (OTC) products, voice-based brokerage, market intelligence, physical commodity trading, and specialized commodity financing and logistics solutions. The Institutional segment provides equity trading capabilities to its institutional clientele. It also plays a key role in originating, structuring, and distributing debt instruments across global capital markets. This segment handles a variety of international securities, including unlisted American Depository Receipts (ADRs), Global Depository Receipts (GDRs), and foreign ordinary shares. Furthermore, it functions as an institutional dealer in fixed-income securities, serving asset managers, the trust and investment departments of commercial banks, broker-dealers, and insurance firms. The segment is also engaged in asset management, and delivers clearing and execution services on futures exchanges, alongside foreign exchange brokerage for financial institutions and professional traders, and a range of OTC products. For its Retail customers, the company provides trading platforms and solutions across global financial markets, encompassing spot foreign exchange, precious metals trading, and contracts for differences (CFDs). It also offers wealth management and investment advisory services. Additionally, it sells physical gold and other precious metals in various forms and denominations through its online platforms, coininvest.com and silver-to-go.com. The Global Payments division specializes in foreign exchange and treasury services for banks, commercial enterprises, charitable organizations, non-governmental organizations (NGOs), and government bodies, in addition to general payment services. Formerly recognized as INTL FCStone Inc., the company officially rebranded to StoneX Group Inc. in July 2020. StoneX Group Inc. was established in 1924 and maintains its corporate headquarters in New York, New York.

Houlihan Lokey, Inc. is a prominent global investment banking firm offering a comprehensive suite of financial advisory services. These include expertise in mergers and acquisitions (M&A), capital markets, financial restructuring, and valuation. The company's operations are divided into three core segments: The Corporate Finance division provides broad financial guidance. It assists both public and private entities with strategic buy-side and sell-side transactions and a variety of capital-raising activities, such as leveraged loans, private mezzanine debt, high-yield debt, initial public offerings (IPOs), follow-on offerings, convertibles, equity private placements, and private equity investments. This segment also advises financial sponsors on diverse deal structures and liability management initiatives. The Financial Restructuring segment guides debtors, creditors, and other involved parties through complex recapitalization and deleveraging processes. Its specialized advisory services encompass the design, negotiation, and confirmation of reorganization plans, the structuring and analysis of exchange offers, corporate viability assessments, expert testimony for dispute resolution, and the procurement of debtor-in-possession (DIP) financing. The Financial and Valuation Advisory group specializes in appraising various asset types, including entire businesses, illiquid debt and equity securities, and intellectual property. It delivers critical fairness opinions for M&A and other transactions, as well as solvency opinions for corporate spin-offs and dividend recapitalizations, alongside other financial assessments. This segment further contributes to dispute resolution services. Established in 1972, Houlihan Lokey serves a diverse clientele, including corporations, institutions, and governmental entities. Headquartered in Los Angeles, California, the firm maintains a significant international presence with offices located across the United States, Europe, the Middle East, and the Asia-Pacific region.

Riot Platforms, Inc., along with its associated companies, primarily operates as a Bitcoin mining enterprise within the United States. The firm's activities are divided into two main areas: Bitcoin Mining and Engineering. It develops and manages essential infrastructure for large-scale Bitcoin mining operations at sites in Rockdale and Navarro counties, Texas, as well as two facilities in Paducah, Kentucky. Beyond its mining endeavors, the company's Engineering division designs and manufactures specialized power distribution equipment and custom-engineered electrical solutions. This segment also provides comprehensive services for the design, production, and installation of electricity distribution products to a diverse client base, including major commercial organizations, government agencies, and customers in the data center, power generation, utility, water, industrial, and renewable energy sectors. Established in the year 2000, Riot Platforms is headquartered in Castle Rock, Colorado.

Cipher Mining Inc. is a United States-based technology enterprise actively engaged in the Bitcoin mining sector. Its primary objective involves the development and expansion of cryptocurrency mining operations, specifically tailored for Bitcoin. Established in 2021, the company maintains its headquarters in New York, New York.

Freedom Holding Corp. operates as a diverse financial services organization, offering a broad spectrum of services through its network of subsidiaries. The company specializes in retail and corporate financial solutions, encompassing brokerage, investment analysis, advisory services, securities trading, and market making. It also extends into retail banking, corporate investment banking, and underwriting. For individual and institutional investors, the firm provides access to an extensive range of financial instruments, including equities and debt securities traded on exchanges and over-the-counter, money market products, exchange-traded options and futures, government bonds, and mutual funds. Complementing these offerings, it facilitates margin lending secured by client assets, delivers educational courses for investors, and conducts detailed investment research. The company's commercial banking operations furnish essential services such as payment cards, digital mortgage processing, and digital auto loans. Furthermore, it makes various insurance products accessible to its clientele. In the realm of corporate finance, Freedom Holding Corp. assists businesses in capital raising through initial public offerings (IPOs) and subsequent share offerings. It also crafts and distributes debt capital market solutions, supporting diverse corporate needs like acquisitions, leveraged buyouts, funding for growth, and financial restructuring. Beyond client-focused services, the company actively participates in proprietary trading and investment activities. This includes engaging in repurchase and reverse repurchase agreements, managing short positions, and settling other securities-related obligations to address customer requirements and finance its own asset holdings. Operational efficiency is enhanced by its proprietary Tradernet software platform, which plays a crucial role in assessing client margin risk and managing middle office security transfers. Headquartered in Almaty, Kazakhstan, and established in 1981, the company maintains a significant global footprint, conducting operations across Central Asia, Europe, the United States, Russia, and the Middle East/Caucasus regions. It was previously known as BMB Munai, Inc. before rebranding as Freedom Holding Corp.

Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily operating in the United States. The company's activities include managing an Ethereum (ETH) treasury, and offering a range of services for the Bitcoin (BTC) ecosystem, such as consulting, advisory, and equipment leasing. It also assists in optimizing and securing third-party power and hosting solutions for its clients. A key part of its strategy involves disciplined Bitcoin (BTC) treasury management, alongside systematically reducing its proprietary self-mining operations and postponing the development of new operational sites. Beyond BTC, Bitmine provides broader digital asset ecosystem services, encompassing consulting, advisory, and diligent digital asset treasury management. Furthermore, the company sells mining hardware to its clients and affiliated entities. Established in 2019, Bitmine Immersion Technologies, Inc. is based in Las Vegas, Nevada, and was formerly known as Sandy Springs Holdings Inc.

XP Inc. is a leading Brazilian financial institution offering a comprehensive range of financial services and products. Its core operations encompass securities brokerage, private pension schemes, and a full suite of commercial and investment banking solutions, including lending, foreign exchange transactions, and deposit services. The company also provides expertise in product structuring and capital markets for corporate clients and entities issuing fixed income products. Furthermore, XP Inc. delivers tailored advisory services to affluent individuals and institutional clients, alongside robust wealth management for high-net-worth individuals and institutional investors. Beyond its direct financial offerings, XP Inc. operates Xpeed, an online educational platform designed to empower individuals with knowledge through seminars, courses, and learning resources covering fundamental investment principles, techniques, and strategies. The firm's portfolio also includes insurance brokerage. A cornerstone of its client-facing technology is the XP Platform, an open-architecture marketplace that grants clients access to an extensive array of investment opportunities. These include equity and fixed income securities, mutual and hedge funds, private equity, structured products, credit cards, various loan options, life insurance, pension plans, real estate investment funds, and numerous other alternatives. Established in 2001, XP Inc. is headquartered in São Paulo, Brazil.

Operating within Hong Kong, Garden Stage Limited, via its subsidiaries, delivers a range of financial services. These encompass securities dealing, brokerage, underwriting, and placing activities. Additionally, the firm provides comprehensive asset management services, including personalized discretionary account management and various fund management offerings. Established in 2022, the company's headquarters are located in Central, Hong Kong. Garden Stage Limited functions as a subsidiary of Oriental Moon Tree Limited.

BGC Group, Inc. is a global financial services enterprise that specializes in both brokerage and advanced technology solutions, operating across the United States and internationally. The company facilitates transactions for an extensive array of financial products, including various fixed-income instruments like government and corporate bonds, other debt instruments, and their corresponding interest rate and credit derivatives. Their offerings also span equities, energy commodities, shipping, insurance products, and a range of futures and options. Beyond traditional brokerage, BGC provides a comprehensive suite of services, encompassing trade execution, robust connectivity, clearing operations, trade compression, and other crucial post-trade functions. They also deliver vital market information and essential back-office support to a diverse clientele. Technologically, BGC develops and deploys advanced electronic and hybrid brokerage systems, alongside other bespoke financial technology solutions. This includes offering valuable market data, related information services, and sophisticated analytics pertaining to financial instruments and market trends. Their integrated platform is engineered to offer clients significant flexibility in price discovery, trade execution, and transaction processing. Customers can choose from voice-assisted, hybrid, or fully electronic brokerage services for transactions conducted either over-the-counter (OTC) or via established exchanges. The firm primarily caters to a broad spectrum of institutional clients, including leading banks, broker-dealers, investment banks, trading entities, hedge funds, and other investment firms, in addition to governmental bodies and major corporations. BGC Group, Inc. was established in 1945 and maintains its corporate headquarters in New York, New York.

Piper Sandler Companies operates as a well-established investment bank and institutional brokerage, founded in Minneapolis in 1895 and formerly known as Piper Jaffray Companies until its rebranding in January 2020. The firm delivers a comprehensive array of financial solutions to a broad global clientele, including corporations, private equity groups, governmental and non-profit organizations, and institutional investors. Its primary services encompass investment banking, institutional sales, trading, and research across both equity and fixed income markets. Within investment banking, Piper Sandler offers expert advisory on mergers and acquisitions, facilitates private equity placements, provides debt and restructuring guidance, and assists with capital raising through various equity and debt financings. The company also holds significant expertise in public finance, handling municipal bond underwriting and offering financial advisory to state and local governments, alongside non-profit entities in sectors like education, healthcare, hospitality, senior living, and transportation. Furthermore, it provides institutional investors with specialized advisory and trade execution services for equity and fixed income instruments. Beyond these, Piper Sandler manages alternative asset funds, with a focus on merchant banking and healthcare, deploying both internal capital and funds from external investors, in addition to engaging in various trading operations.

Figure Technology Solutions, Inc. specializes in creating and operating advanced blockchain-based platforms, primarily serving the consumer finance industry. The company provides a comprehensive suite of distributed ledger technology solutions designed to facilitate various marketplace activities, including lending, trading, and investing. Founded in 2018, Figure Technology Solutions is based in Reno, Nevada. The entity was formerly known as FT Intermediate, Inc., adopting its current name in August 2025.

Moelis & Company operates as a dedicated investment banking advisory firm, offering expert counsel on a wide range of corporate finance matters. Its core services include strategic guidance for mergers and acquisitions (M&A), corporate recapitalizations and restructurings, and capital market transactions. The firm serves a diverse global client base, which encompasses large public multinational corporations, private middle-market businesses, financial sponsors, entrepreneurs, governmental organizations, and sovereign wealth funds. With operations spanning North and South America, Europe, the Middle East, Asia, and Australia, Moelis & Company also leverages strategic alliances, specifically with Alfaro, Dávila y Scherer, S.C. in Mexico and MA Moelis Australia. Founded in 2007, the company's headquarters are situated in New York, New York.

Marathon Digital Holdings, Inc. is a technology firm specializing in digital assets. Its core business involves mining cryptocurrencies, with a strategic focus on developing the blockchain ecosystem and generating new digital assets primarily within the United States. By the close of 2021, the company held roughly 8,115 bitcoins, 4,794 of which were managed within an investment fund. Founded in 2010, the company, headquartered in Las Vegas, Nevada, adopted its current name in February 2021, having previously been known as Marathon Patent Group, Inc.

Marex Group plc operates as a global financial services platform, providing essential liquidity, market access, and infrastructure to clients engaged in the energy, commodities, and broader financial sectors. Its operations span the United Kingdom, the United States, and international markets. The company organizes its diverse offerings across four principal segments: Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions. Marex provides execution and clearing services for futures and options contracts in metals, agricultural products, energy, and financial instruments. Additionally, its specialized trading desks offer liquidity and execution for financial securities, encompassing foreign exchange, equities, and fixed income products. Leveraging deep energy sector expertise and strong client relationships, Marex acts as an agent to facilitate trading in over-the-counter (OTC) energy products, including oil, power, gas, and shipping freight. The firm also maintains an active role as a market maker across various commodity markets, such as metals, agriculture, and energy. Furthermore, Marex develops bespoke OTC hedging and derivatives solutions. It delivers comprehensive risk management services across agricultural, metals, energy, and currency markets, catering to a wide array of clients including trading houses, producers, consumers, banks, and distributors. The company's structured notes business empowers institutional investors – such as private banks, independent asset managers, pension funds, and corporations – to construct tailored structured notes across multiple asset classes like commodities, equities, foreign exchange, and fixed income. Supporting its extensive services, Marex provides proprietary technology platforms, notably Neon (a powerful trading, risk, and data management system) and Agile (a specialized commodity broking platform). Marex Group plc was established in 2005 and maintains its headquarters in London, United Kingdom.

MarketAxess Holdings Inc. develops and operates a premier electronic trading platform, serving institutional investors and broker-dealers globally. This platform provides essential access to deep liquidity across a broad spectrum of fixed-income assets, including U.S. investment-grade and high-yield corporate bonds, U.S. Treasuries, municipal bonds, emerging market debt, and Eurobonds, among other debt securities. Through its innovative Open Trading protocols, the company facilitates anonymous, "all-to-all" corporate bond transactions between its diverse client base. Beyond its core trading capabilities, MarketAxess offers a comprehensive array of value-added products and services. These include Composite+ pricing and other sophisticated market data tools designed to inform trading strategies, as well as auto-execution and custom workflow solutions. The company also provides robust connectivity to ensure straight-through processing and specialized technology services aimed at optimizing trading environments. Additionally, MarketAxess delivers vital pre- and post-trade support, covering trade matching, publication, regulatory reporting, and extensive market and reference data for a wide range of financial instruments. Founded in 2000, MarketAxess Holdings Inc. maintains its headquarters in New York, New York.

Established in 1848 and headquartered in Hamilton, Bermuda, Lazard Ltd operates as a global financial advisory and asset management institution. The company, through its subsidiaries, extends its services across diverse regions including North America, Europe, Asia, Australia, and Central and South America. Its operations are distinctly divided into two primary segments: Financial Advisory and Asset Management. The Financial Advisory division provides a broad spectrum of expert advice on matters such as mergers and acquisitions, corporate reorganizations, capital structure, shareholder relations, capital raising initiatives, sovereign financial issues, and various other strategic consultations. This segment serves a wide array of clients, including corporations, partnerships, institutions, governmental bodies, sovereign entities, and private individuals, spanning numerous industries like consumer goods, financial services, healthcare, industrial sectors, energy, infrastructure, real estate, technology, telecommunications, and media and entertainment. The Asset Management division delivers comprehensive investment and wealth management solutions. These encompass a range of strategies in equity and fixed income, tailored asset allocation plans, alternative investments, and private equity funds. Its extensive client base includes corporations, public and labor funds, sovereign wealth entities, endowments, foundations, financial intermediaries, and high-net-worth private clients.

PJT Partners Inc. operates as a prominent global investment bank, delivering specialized financial and strategic advisory services to a diverse clientele that includes corporations, financial sponsors, institutional investors, and governments around the world. The firm's comprehensive offerings encompass various crucial areas. It provides expert guidance on a wide array of strategic and capital markets transactions, such as mergers and acquisitions, divestitures, spin-offs, joint ventures, minority investments, and defensive strategies against activist shareholders or contested M&A. Furthermore, PJT advises on debt and acquisition financings, structured product offerings, public equity raises—including initial public offerings (IPOs) and Special Purpose Acquisition Company (SPAC) offerings—as well as private capital raises for early and later stage companies, alongside other capital structure optimization matters. A significant part of its service portfolio is shareholder advisory, where PJT counsels the boards and management teams of both private and public companies on cultivating robust investor relationships, developing strategic investor relations, navigating environmental, social, and governance (ESG) concerns, and ensuring effective shareholder engagement. Additionally, the bank specializes in restructuring and special situations, assisting companies, creditors, and financial sponsors through intricate liability management, recapitalizations, reorganizations, debt repurchases, distressed mergers and acquisitions, and related capital raise transactions. PJT also extends its expertise to private fund advisory, facilitating fundraising across various investment strategies, and offering counsel to both general partners (GPs) and limited partners (LPs) regarding liquidity and structured solutions within the secondary market. The company was originally incorporated in 2014 as Blackstone Advisory Inc. before officially rebranding to PJT Partners Inc. in March 2015. Its headquarters are situated in New York, New York.

Miami International Holdings, Inc. (MIAX) is a financial services corporation that operates diverse marketplaces through its various subsidiaries, facilitating trading across options, futures, and cash equities. Its extensive options suite encompasses MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire. For U.S. equities, it provides MIAX Pearl Equities. The company's offerings extend to U.S. futures and their corresponding options traded on MIAX Futures, a platform that also facilitates transactions in hard red spring wheat products. Furthermore, MIAX supports international listings via BSX and TISE. Beyond market operation, MIAX also delivers essential post-trade services. This includes comprehensive clearing for U.S. futures and options through MIAX Futures Clearing, alongside its ownership of Dorman Trading. Dorman Trading, a full-service futures commission merchant, provides execution and clearing services for a broad client base, including introducing brokers, retail investors, institutional firms, and professional traders. Established in 2007, Miami International Holdings, Inc. maintains its headquarters in Princeton, New Jersey.

eToro Group Ltd. is an Israeli financial technology company that commenced operations in 2007. It offers a comprehensive investment platform, uniquely blending social networking functionalities with a wide array of trading options. This setup allows its users to actively trade various assets, including equities, digital currencies, commodities, and other financial instruments. As of December 31, 2024, eToro had successfully attracted and maintained roughly 3.5 million accounts with deposited funds across 75 different countries.

Perella Weinberg Partners operates as an independent investment banking firm, furnishing strategic and financial advisory services to clients both in the United States and internationally. The company's offerings encompass guidance on crucial strategic and financial decisions, the execution of mergers and acquisitions, shareholder and defense counsel, capital raising initiatives, corporate structuring and restructuring advice, capital markets insights, energy underwriting, and equity research. Its extensive client base includes large multinational corporations, medium-sized public and private businesses, individual entrepreneurs, private and institutional investors, creditor committees, and governmental bodies. These clients hail from various industries, such as consumer and retail, energy, financial institutions, healthcare, industrials, and technology, media, and telecommunications. Founded in 2006, the firm's main office is located in New York, New York.

Bitfarms Ltd. operates an enterprise focused on the extraction of various digital currencies across North America. The company maintains and runs its own data centers, primarily dedicated to verifying transactions on the Bitcoin Blockchain, from which it obtains cryptocurrency through block rewards and associated transaction fees. In addition to its mining operations, Bitfarms provides electrical contracting services to commercial and residential customers throughout Quebec, Canada. It also offers hosting facilities for external cryptocurrency mining equipment. Founded in 2017, the company maintains its corporate headquarters in Toronto, Canada.

A-Mark Precious Metals, Inc. operates as a leading precious metals trading enterprise, encompassing three primary business areas. Its Wholesale Sales & Ancillary Services division supplies gold, silver, platinum, and palladium in diverse forms, from bars and coins to industrial powders and grains. This segment also provides essential support services such as financing, secure storage, consignment, and customized financial solutions, in addition to designing and manufacturing unique minted silver items. The Direct-to-Consumer segment offers individual investors access to a broad selection of gold, silver, copper, platinum, and palladium products via its network of five specialized websites and various digital marketplaces, actively marketing these offerings through television, radio, online platforms, and direct customer outreach. Lastly, the Secured Lending segment specializes in creating and acquiring commercial loans that are backed by bullion and collectible coins, serving a clientele of coin and precious metal dealers, investors, and collectors. Founded in 1965 and headquartered in El Segundo, California, the company caters to a wide international array of customers, including financial institutions, industrial manufacturers, sovereign mints, refiners, and retail consumers, with operations extending across the United States, North America, Europe, Asia Pacific, Africa, and Australia.

Hyperliquid Strategies, Inc. operates as both a holding and an active management firm, specializing in the oversight of crypto assets. The company functions primarily as a digital asset treasury, with a dedicated focus on the Hyperliquid ecosystem. Established on July 2, 2025, its corporate headquarters are situated in New York, NY.

Headquartered in New York since its founding in 1881, Oppenheimer Holdings Inc. serves as a prominent middle-market investment bank and full-service broker-dealer, extending its operations across the Americas, Europe, the Middle East, and Asia. The company provides a comprehensive suite of financial services to a diverse clientele, including affluent individuals, corporate executives, public and private enterprises, institutions, governmental bodies, financial sponsors, and investors globally. Its extensive brokerage offerings cover a wide range of assets, from exchange-traded and over-the-counter corporate equities and debt to money market instruments, options, futures, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts, complemented by financial planning and wealth management advice, as well as margin lending. Oppenheimer's asset management division delivers tailored investment solutions, encompassing separately managed accounts, discretionary portfolio programs, advisory and consultation services, alternative investments, and specialized fixed income strategies. For businesses and institutions, the firm provides robust investment banking services, including strategic guidance, capital market products, merger and acquisition facilitation, and equity and debt capital market offerings. Additionally, it offers institutional equity services such as sales, trading, research, derivatives, and convertible bond expertise, alongside institutional fixed income sales, trading, research, public finance, and municipal trading. The company's capabilities are further augmented by repurchase agreements, securities lending, proprietary trading, underwriting, market-making, trust, and discount services.

Sharplink, Inc. is a global digital asset treasury firm, primarily functioning as an institutional-grade platform for managing Ethereum. Its operations are divided into two primary divisions: Ether (ETH) Treasury Management and Affiliate Marketing. The ETH Treasury Management division is dedicated to the strategic acquisition and dynamic oversight of Ethereum, positioning it as a long-term holding for the company's treasury. This involves both native and liquid staking strategies, all conducted within a robust framework that prioritizes governance, secure custody, and comprehensive risk mitigation. Conversely, the Affiliate Marketing segment specializes in offering performance-driven client acquisition solutions to businesses in the sportsbook and online casino gaming industries. This is achieved by generating substantial user traffic and acquiring new players for licensed gaming entities, primarily leveraging its international affiliate network, PAS.net, alongside a collection of digital assets tailored for specific U.S. states. The company, previously operating as SharpLink Gaming, Inc., rebranded to Sharplink, Inc. in February 2026. Established in 2019, Sharplink's corporate headquarters are located in Miami, Florida.

Donnelley Financial Solutions, Inc. (DFIN) is an international firm specializing in risk management and regulatory compliance solutions. The company organizes its operations across four distinct segments: Capital Markets – Software Solutions (CM-SS), Capital Markets – Compliance and Communications Management (CM-CCM), Investment Companies – Software Solutions (IC-SS), and Investment Companies – Compliance and Communications Management (IC-CCM). The CM-SS segment offers software platforms such as Venue, ActiveDisclosure, and eBrevia. These tools assist both public and private entities in managing various transaction processes, extracting and analyzing contractual data, facilitating collaboration, and handling the tagging, validation, and submission of documents to the SEC. CM-CCM provides technology-driven services, coupled with printing and distribution solutions, to public and private businesses. This support is crucial for executing deals and fulfilling SEC regulatory requirements. IC-SS furnishes investment companies with the Arc Suite, a comprehensive, cloud-based platform encompassing a full set of tools and services. This platform acts as a self-service central hub for the storage, management, access, assembly, editing, translation, rendering, and submission of critical compliance and regulatory documents to various oversight bodies. Finally, IC-CCM delivers technology-powered services for the creation and submission of regulatory and investor communications. This includes specialized XBRL filings, as mandated by the Investment Act, which are channeled through the SEC EDGAR system. Additionally, this segment offers comprehensive, end-to-end proxy services, covering everything from initial discovery and strategic planning to implementation, print and mail management, solicitation, tabulation, shareholder meeting analysis, and expert advisory support. Donnelley Financial Solutions, Inc. was established in 1983 and maintains its corporate headquarters in Chicago, Illinois.

American Bitcoin Corp (ABTC) operates as a firm focused on strategically accumulating and mining Bitcoin. The company was established through the consolidation of American Data Centers and Hut 8’s mining division. Its core mission is to boost its Bitcoin holdings on a per-share basis, which it achieves through a two-pronged approach: maintaining robust, large-scale mining operations and executing tactical Bitcoin acquisitions when market conditions are favorable. ABTC commenced trading publicly on the Nasdaq exchange in September 2025, an event that occurred after its merger with Gryphon Digital Mining.

UP Fintech Holding Limited functions as a leading online brokerage firm, primarily catering to investors within the Chinese market. The company furnishes a sophisticated proprietary trading platform, readily accessible via its dedicated mobile application and web-based portal. This platform empowers clients to engage in transactions involving a diverse range of financial instruments, including equities, options, warrants, and other investment products. Beyond core brokerage functionalities, UP Fintech delivers an extensive suite of value-added services. These encompass educational resources for investors, interactive community engagement forums, and an investor relations (IR) platform, alongside efficient account administration. The firm also facilitates trade execution, extends margin financing, and provides securities lending. Furthermore, it is involved in asset and wealth management services, administers employee stock ownership plans (ESOPs), and offers comprehensive support for fund operations. This fund-centric assistance spans license applications, product conceptualization, asset custody, transaction processing, funding allocation, fund structuring, and overall management. The company additionally contributes to initial public offering (IPO) underwriting. Supplementary offerings include market intelligence and simulated trading environments. Established in 2014, UP Fintech Holding Limited maintains its headquarters in Beijing, China.

Associated Capital Group, Inc. offers investment consulting services across the United States. The firm provides both traditional asset management and specialized alternative investment strategies. Additionally, it allocates capital to both newly formed and established businesses. This company, founded in 1976, is headquartered in Greenwich, Connecticut.

Bit Digital, Inc., along with its subsidiary entities, primarily focuses on the business of mining bitcoin. Additionally, the firm undertakes treasury management operations. The company was established in 2017 and was previously known as Golden Bull Limited before rebranding to Bit Digital, Inc. in September 2020. Its corporate headquarters are situated in New York, New York.

Gemini Space Station, Inc. operates a comprehensive digital asset platform that enables users to acquire, divest, and securely store various cryptocurrencies, most notably Bitcoin and Ether. The company's expansive array of services includes a dedicated derivatives exchange, opportunities for staking digital assets, an over-the-counter (OTC) trading desk for large transactions, institutional-grade custody solutions, its proprietary stablecoin, a U.S.-issued credit card, and a specialized Web3 studio focusing on non-fungible tokens (NFTs). Gemini caters to a broad customer base, serving both individual retail investors and a range of institutional entities, such as asset managers, hedge funds, proprietary trading firms, and corporations. Founded in 2014, the enterprise is headquartered in New York, New York.

Mercurity Fintech Holding Inc. (MFH) operates as a financial technology firm focused on blockchain-based solutions, handling the complete lifecycle from designing and creating to testing, installing, integrating, and customizing operational software. The company primarily serves clients located in the British Virgin Islands and across the Asia Pacific region. MFH delivers a range of specialized services, including: Digital Asset Trading Infrastructure: Providing advanced platforms built on internet and blockchain technologies for cryptocurrency traders, virtual communities powered by blockchain, and liquidity providers. Asset Digitalization: Offering a platform that facilitates the conversion of conventional assets like fiat currency, bonds, and precious metals into digital form using blockchain technology. Decentralized Finance (DeFi): Operating a decentralized finance platform aimed at resolving common issues encountered by individual retail investors. Cross-Border Payments: Enabling international payment transfer services. Blockchain Technology Solutions: Developing bespoke digital asset transaction platforms, sophisticated quantitative investment software for digital assets, and other innovative or derivative services based on blockchain. Cryptocurrency Mining: Contributing computing power to various mining pools. Additionally, Mercurity Fintech Holding Inc. provides comprehensive supplementary support for its various platforms, encompassing tailored software development, ongoing maintenance, and crucial compliance assistance. Established in 2011, the company was initially known as JMU Limited before officially changing its name to Mercurity Fintech Holding Inc. in April 2020. Its corporate headquarters are situated in Beijing, People's Republic of China.

BitFuFu Inc., a company operating out of Singapore, specializes in providing solutions for digital asset mining, encompassing both direct and cloud-based services. The firm further supports a diverse clientele, ranging from major institutions to individual cryptocurrency enthusiasts, by offering equipment rental, dedicated hosting facilities, and sales of mining hardware.

CoinShares PLC, a Jersey-based entity, focuses on crafting financial products that utilize digital assets and blockchain technology. The company's business is organized into three primary segments: Asset Management, Capital Markets, and Principal Investments. Its diverse product lineup features offerings such as CoinShares Physical, CoinShares Valkyrie, CoinShares XBT, and The Blockchain Global Equity Index. Furthermore, the firm extends its services to encompass hedge fund solutions, various indices, venture capital support, and capital markets advisory. CoinShares PLC was established in 2013, with its headquarters located in Saint Helier, Jersey.

BitGo Holdings, Inc. functions as a pivotal infrastructure provider within the digital asset space. Its advanced technological platform enables institutional clients to securely handle, manage, leverage, and originate digital assets. Through this platform, BitGo delivers a suite of services, including self-custody solutions, regulated qualified custody, liquidity and prime brokerage functionalities, and infrastructure-as-a-service (IaaS). These offerings are designed for investors, developers, and other participants throughout the digital asset ecosystem. The company's broad clientele encompasses crypto-native businesses utilizing its self-custody technology, traditional financial service providers, various digital asset firms, technology platforms, corporations, governmental bodies, and high-net-worth individuals. BitGo primarily operates across North America, Europe, and Asia, catering to institutional investors, trading desks, investment advisors, digital asset exchanges, and software developers. Founded in 2013, BitGo Holdings, Inc. is headquartered in Palo Alto, California.

DeFi Technologies Inc. is a technology company specializing in creating exchange-traded products (ETPs) within Canada, which are designed to mirror the value of single or multiple decentralized finance (DeFi) protocols. The company also delivers a range of related services, including asset management, providing clients with indirect access to underlying digital assets, indexes, and other DeFi instruments. Furthermore, DeFi Technologies engages in early-stage investments across the digital asset ecosystem, operates a dedicated arbitrage trading desk to capitalize on low-risk market opportunities, conducts proprietary research, and offers an OTC desk along with digital asset liquidity solutions. Established in 1986 and headquartered in Toronto, Canada, the company was formerly known as Valour Inc. until it rebranded to DeFi Technologies Inc. in July 2023.

Westwood Holdings Group, Inc. is an investment management firm that, operating through its various subsidiaries, offers a suite of financial services and actively manages client investment portfolios. The company's business activities are divided into two primary divisions: Advisory and Trust. The Advisory segment specializes in providing investment guidance and portfolio management services directly to a diverse client base, which includes corporate and public pension plans, endowments, foundations, private individuals, and the company's own Westwood Funds. Additionally, this segment offers specialized investment sub-advisory expertise to external mutual funds, various pooled investment vehicles, and its internal Trust segment. The Trust segment is responsible for delivering comprehensive trust and custodial services. It also manages and participates in common trust funds that it sponsors, primarily catering to institutional clients and affluent individuals. Westwood Holdings Group, Inc. was founded in 1983 and is headquartered in Dallas, Texas.

Solowin Holdings (AXG), established in 2021 and headquartered in Tsim Sha Tsui, Hong Kong, operates as an investment holding firm. Its primary focus is on delivering a broad spectrum of financial solutions across Hong Kong. The company's offerings encompass securities brokerage, corporate finance advisory, investment guidance, and comprehensive asset management services. A cornerstone of its brokerage activities is the Solomon Pro trading platform, which empowers investors to execute trades for listed securities and their derivative products. This platform grants access to major global exchanges, including the Hong Kong Stock Exchange (HKEX), New York Stock Exchange (NYSE), Nasdaq, Shanghai Stock Exchange (SSE), and Shenzhen Stock Exchange (SZSE). Beyond its core platform, Solowin provides an extensive array of specialized financial services. These include Hong Kong equity trading, facilitating initial public offering (IPO) subscriptions and placements, bond trading, and fund subscription services. The company also manages equity custodianship and agency functions, offers investment immigrant account management, and supports enterprise employee shareholding exercises. Clients further benefit from professional investment research and instant quotation services. Solowin delivers personalized investment advisory services, carefully tailored to align with each client's unique financial objectives and risk appetite. It is also actively involved in issuing and managing a diverse range of fund products. Its professional asset management capabilities cater to both financial and private institutions, alongside offering bespoke financial services designed for individual investors. Additionally, the company provides investment banking services, financial and independent financial advisory for both unlisted and listed corporations, and access to offshore private fund investment opportunities.

Now operating as SUI Group Holdings Limited, succeeding Mill City Ventures III, Ltd., the firm has undergone a significant strategic pivot, dedicating its efforts to a SUI treasury approach specifically built around the Sui blockchain. Its core objective is to establish itself as the foremost, foundation-supported SUI treasury enterprise, offering sophisticated investors high-caliber access to the SUI digital asset. This involves the methodical, long-term acquisition and strategic deployment of SUI, aimed at catalyzing the progress and broader acceptance of the Sui network. Alongside this new SUI treasury initiative, the company also intends to maintain its existing specialty finance operations.

Founded in 2017 and based in Central, Hong Kong, Scully Royalty Ltd. (SRL) primarily operates as an iron ore extraction business, maintaining a presence across the Americas, Africa, Canada, Asia, and Europe. The enterprise conducts its activities through three distinct divisions: Royalty, Industrial, and Merchant Banking. Significantly, SRL holds a royalty stake in the Scully iron ore mine, which is situated in Newfoundland and Labrador, Canada. Additionally, its operations encompass the manufacturing and medical supplies and services industries. The company was previously identified as MFC Bancorp Ltd. before officially rebranding to Scully Royalty Ltd. in June 2019.

Siebert Financial Corp., operating through its various subsidiaries, functions as a financial services firm that specializes in providing retail discount brokerage and investment advisory services to clients across the United States and internationally. The company's extensive array of offerings includes platforms for self-directed trading, comprehensive wealth management solutions, and personalized financial guidance. It also facilitates investments in fixed income securities, offers market making capabilities, provides share borrowing and lending services, and administers equity compensation plans. Furthermore, Siebert supports independent retail trade execution and delivers dedicated customer support. Clients have access to self-directed retirement accounts and can secure loans backed by a percentage of their eligible securities holdings. Complementing its core services, the company utilizes a robust data technology platform. This infrastructure delivers a suite of essential tools, such as secure email and messaging, access to market data systems, integration with third-party trading platforms, business productivity applications, and advanced customer relationship management (CRM) systems. Siebert also offers a Robo-Advisor platform, which provides an automated solution for wealth management. Beyond investments, Siebert extends its services to include a diverse portfolio of insurance products. These offerings encompass fixed annuities, personal insurance, property and casualty insurance, natural disaster coverage, and life and disability policies. Maintaining a physical presence through 12 branch offices throughout the United States, Siebert Financial Corp. was established in 1934 and is headquartered in New York, New York.

Specializing in the development and financial backing of a global array of Bitcoin-centric businesses, Nakamoto Inc. also provides crucial commercial and financial infrastructure for capital markets. The company, founded in 2019, was originally known as Kindly MD, Inc. but rebranded as Nakamoto Inc. in January 2026. It is headquartered in Nashville, Tennessee.

BTCS Inc. operates primarily within the burgeoning fields of digital assets and blockchain technology. A key component of its business involves acting as a validator for various proof-of-stake (PoS) based blockchain networks, thereby playing a crucial role in securing and maintaining these innovative, next-generation distributed ledgers. Beyond its validation services, the company is also constructing an exclusive Digital Asset Platform. This platform aims to offer users a unified solution for monitoring and analyzing their diverse cryptocurrency holdings across a multitude of exchanges and different blockchain environments from one centralized interface. Tracing its origins back to 2013, the company was initially known as Bitcoin Shop, Inc. It subsequently underwent a name change, adopting the BTCS Inc. moniker in July 2015. The firm maintains its headquarters in Silver Spring, Maryland.

Dominari Holdings Inc. is an American financial services company providing a diverse range of capital markets solutions. Its offerings span wealth management, investment banking, sales and trading activities, and comprehensive asset and portfolio management. The firm conducts its operations through specific divisions, notably Dominari Financial and Legacy AIkido.

Plutus Financial Group Limited, known by its ticker PLUT, operates in Hong Kong, delivering a comprehensive array of financial services through its various subsidiary companies. The firm's offerings include securities dealing and brokerage, margin lending, underwriting, and capital placement services. Additionally, PLUT specializes in asset and investment management, providing expert advisory services for both fund management and broader investment and corporate finance matters. Established in 2018, the company maintains its principal office in Wan Chai, Hong Kong.

Heritage Global Inc., through its various subsidiary companies, operates as a specialized asset services firm, primarily concentrating on transactions involving both financial and industrial assets. The company offers a diverse array of services, including market facilitation, the acquisition and divestiture of assets, professional valuations, and asset-backed lending. Its fundamental approach involves identifying, assessing the worth of, acquiring, and ultimately monetizing a broad spectrum of tangible and intangible assets. Serving both as a strategic consultant and as a direct principal, Heritage Global Inc. actively acquires or brokers deals for a variety of assets such as manufacturing plants, surplus industrial equipment, commercial inventories, portfolios of accounts receivable, intellectual property, and entire business operations. The firm was established in 1983 and its corporate headquarters are located in San Diego, California. It formerly conducted business as Counsel RB Capital Inc. until officially rebranding as Heritage Global Inc. in August 2013.

TOP Financial Group Limited operates as a Hong Kong-based online brokerage, offering a diverse array of trading services to its clientele. The company facilitates transactions in both domestic and international equities, futures, and options markets. Its comprehensive brokerage solutions encompass trade execution, account administration, and dedicated client assistance. TOP Financial's extensive futures product line covers index, foreign exchange, agricultural commodities, energy, and precious metals. Additionally, the group provides stock and options brokerage, advisory services, foreign exchange, structured note subscriptions, and margin lending. Founded in 2015, the firm was known as Zhong Yang Financial Group Limited until its rebranding in July 2022. It functions as a subsidiary of Zhong Yang Holdings (BVI) Limited.

Prairie Operating Co., headquartered in Oklahoma City, Oklahoma, is focused on developing energy resources to meet growing global demand while simultaneously prioritizing environmental protection. The organization adopted its current name, Prairie Operating Co., in May 2023, having previously operated under the name Creek Road Miners, Inc.

MDB Capital Holdings, LLC functions primarily as a broker-dealer through its subsidiary operations. The company's activities are divided into two main areas: Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service division provides comprehensive broker-dealer services, focusing on arranging private and public securities offerings, and furnishing research for investment banking due diligence. Meanwhile, the Technology Development division is engaged in the advancement of synthetic biology technology. MDB Capital Holdings, LLC was established in 1997 and is based in Addison, Texas.

Greenidge Generation Holdings Inc. operates as a business combining power generation with cryptocurrency datacenter management. The company manages and runs digital currency mining facilities across New York and South Carolina. Furthermore, it owns and operates an electrical power plant with a capacity of 106 megawatts. Established in 1937, the firm's headquarters are located in Fairfield, Connecticut.

Based in Central, Hong Kong, Magic Empire Global Limited, established in 2016, delivers a suite of financial and corporate advisory services to businesses operating in Hong Kong. These services encompass initial public offering sponsorship, comprehensive and impartial financial guidance, support for post-listing regulatory adherence, and underwriting assistance.

Mawson Infrastructure Group Inc. is a digital infrastructure firm specializing in cryptocurrency mining, with operations active across both the United States and Australia. The company manages and runs its own modular data centers to support these activities. Its primary base of operations is in North Sydney, Australia.

Netcapital Inc. is a financial technology firm primarily known for its SEC-registered funding platform, Netcapital.com. This online portal facilitates capital raising for private enterprises while simultaneously providing a global investment avenue for individuals. Beyond its core platform, the company offers an extensive suite of support services. These encompass streamlined, automated onboarding, systematic handling of essential regulatory submissions, thorough compliance checks, and the creation of bespoke offering pages on its website. Netcapital.com also arranges for third-party transfer agency and custodial services. It actively promotes offerings through email marketing to its exclusive investor network and incorporates 'rolling closes,' allowing earlier liquidity access prior to an offering's official conclusion. Further assistance includes annual filing support and continuous operational guidance. Moreover, Netcapital Inc. extends its expertise through a range of advisory offerings. These services include fostering nascent technology startups, connecting companies with potential investors, and providing digital marketing solutions. They also cover website and software development, comprehensive message formulation (from pitch decks to advertising content), strategic business guidance, and specialized technology consulting. The firm additionally conducts various financial assessments and evaluations. Its offerings in this domain include business valuation reports, opinions on fairness and solvency, feasibility studies and valuations for Employee Stock Ownership Plans (ESOPs), assessments for non-cash charitable donations, economic analysis related to damages, intellectual property appraisals, and analyses of compensation structures. Established in 1984 and headquartered in Boston, Massachusetts, Netcapital Inc. operates as a subsidiary of NetCapital Systems LLC.

Abits Group Inc. functions as a digital enterprise, primarily specializing in delivering Bitcoin mining and related services across the United States. The company, which previously operated under the name Moxian (BVI) Inc., rebranded to Abits Group Inc. in November 2023. Founded in 2021, its headquarters are located in Tsim Sha Tsui, Hong Kong.

Argo Blockchain plc, including its subsidiary ventures, operates globally as a miner of Bitcoin and other various cryptocurrencies. The company achieves this by deploying specialized computer systems engineered to process intricate cryptographic algorithms. Founded in 2017, the enterprise was initially known as GoSun Blockchain Limited, officially rebranding to Argo Blockchain plc in December of the same year. Its corporate headquarters are located in London, United Kingdom.

Top KingWin Ltd offers a diverse range of services, encompassing corporate learning programs, strategic business consultancy, and both advisory and transactional assistance, all delivered within the People's Republic of China. The company primarily caters to entrepreneurs and senior executives within small and medium-sized enterprises. Established in 2018, its main operations are based out of Guangzhou, China. Moreover, Top KingWin Ltd functions as a subsidiary under the ownership of Xu Ruilin Capital CO., Ltd.

Lion Group Holding Ltd., along with its affiliated companies, offers a comprehensive trading platform designed for a diverse clientele, encompassing businesses, independent traders, and individual investors. This platform delivers a broad spectrum of financial instruments and services, including Contracts for Difference (CFD) trading, insurance intermediation, brokerage for both futures and securities, Total Return Swap (TRS) offerings, and professional asset management solutions. The company's platform empowers users to engage in futures trading across major global exchanges, such as the Chicago Mercantile Exchange, Singapore Exchange, Hong Kong Futures Exchange, and Eurex. It also facilitates trading in equities listed on the New York Stock Exchange, Nasdaq, and the Hong Kong Stock Exchange. Furthermore, it provides access to mainland Chinese stocks traded on the Shanghai and Shenzhen Stock Exchanges through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect initiatives. Beyond traditional financial services, Lion Group is actively involved in the digital asset space. It develops, issues, and markets its proprietary "MetaWords" Non-Fungible Tokens (NFTs) and operates the Lion NFT platform specifically for the buying and selling of these digital collectibles. The company is also progressing with its "Lion World Metaverse" project, a strategic endeavor undertaken in collaboration with Dawa Future Graphic Technology Co., Ltd. Established in 2015, Lion Group Holding Ltd. is headquartered in Singapore.