Japan Airlines (JAL) and SBI Liquidity Market will acquire all shares of Money Square HD from Nojima.
SBI Liquidity Market will acquire approximately 66.6% and JAL will acquire approximately 33.4% of the shares. The transaction is expected to be completed by early August, subject to regulatory approval.
Money Square HD was established in 2002. It supports asset management for individual investors and offers services such as the automatic FX order system “Tralipi”.
The SBI Group holds the highest number of accounts in the FX industry and aims to expand its customer base and presence. The JAL Group aims to accelerate the growth of its non-aviation businesses. To date, the SBI Group and JAL Group have jointly developed businesses such as “JAL Pay”, “JAL NEOBANK”, and “JAL’s Asset Management”.
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