TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on November 14, 2025. Registration No. 333-[•] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 Waton Financial Limited (Exact name of Registrant as specified in its charter) British Virgin Islands 6200 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Suites 3605-06, 36th Floor, Tower 6, The Gateway, Harbour City, Ts ...

Core Insights - Waton Financial Limited is transitioning from a traditional securities brokerage to a financial and crypto digital asset enterprise focused on integrating artificial intelligence and financial technology [1][4] - The company aims to position itself as a leader in AI trading technology and digital asset innovation, showcasing its proprietary AI agent technology and TradingWTF app [3][4] Company Overview - Waton Financial Limited operates primarily through its subsidiaries in Hong Kong, offering services such as securities brokerage, asset management, and software licensing [5] - The company emphasizes a technology-driven and customer-centric approach to deliver innovative financial solutions [5] Leadership and Strategy - The leadership team at Waton combines expertise in innovation, strategic vision, and capital markets, which is essential for driving the company's evolution in both traditional finance and digital asset ecosystems [2] - Waton is forming transformative partnerships to enhance its growth and solidify its position as an innovator in global financial technology [2] Technological Advancements - The redesigned website highlights Waton's AI-driven trading architecture, which integrates with its digital asset ecosystem, including cryptocurrencies and tokenized assets [3] - The company has established a Crypto Advisory Board and obtained a Type 1 license for participation in virtual asset trading platforms, enhancing its digital infrastructure [3] Commitment to Innovation - Waton's updated website reflects its commitment to transparency and innovation in AI-powered investment solutions, aiming to redefine investment management through AI [4] - The company seeks to merge machine intelligence with traditional finance to deliver institutional-grade solutions that connect legacy systems with the digital asset revolution [4]

Core Viewpoint - Nano Labs Ltd has signed a Memorandum of Understanding (MoU) with TradeUP Securities Inc. to advance the development of tokenized U.S. equities through compliant and regulated channels [1][2]. Group 1: Partnership Details - The MoU outlines that Nano Labs will provide Web3 technical solutions, including blockchain infrastructure, tokenization processes, smart contract deployment, and security mechanisms [2]. - TradeUP Securities will offer its expertise in custody, clearing, and settlement for U.S. stocks, facilitating regulated brokerage capabilities for tokenization models [2]. Group 2: Objectives and Benefits - The collaboration aims to integrate U.S. equities onto blockchain platforms in a regulated and efficient manner, enhancing access, efficiency, and enabling new use cases in capital markets [3]. - The partnership is expected to unlock benefits such as 24/7 trading, fractionalized access, cross-border liquidity, and programmable finance for global investors [3]. Group 3: Company Background - Nano Labs Ltd is recognized as a leading provider of Web 3.0 infrastructure and product solutions, focusing on high throughput computing (HTC) and high-performance computing (HPC) chips [4]. - The company has established a comprehensive flow processing unit (FPU) architecture and is actively involved in the crypto assets space, holding reserves in cryptocurrencies like BNB and BTC [4].

Core Viewpoint - Waton Financial Limited is expanding into the cryptocurrency sector by forming a Crypto Advisory Board to guide its strategic initiatives and enhance its position in the digital asset ecosystem [1][2]. Group 1: Advisory Board Formation - The newly established Crypto Advisory Board will oversee all cryptocurrency initiatives, including the development of a crypto reserve and institutional-grade solutions for clients [2]. - The Advisory Board aims to maintain high standards of innovation, transparency, and compliance in digital asset operations, with plans to add more industry experts as the company's crypto strategy evolves [2][3]. Group 2: Leadership Appointment - Arben Kane has been appointed as the first member of the Advisory Board, bringing expertise from his previous roles in blockchain infrastructure and Web3 investment strategies [3]. - His experience in cryptocurrency treasury management and decentralized finance is expected to help the company unlock new revenue streams and enhance its competitive advantage in digital asset markets [3][4]. Group 3: Strategic Goals - The company aims to develop proprietary AI agent technology and establish a robust digital infrastructure to create a unique competitive advantage in the digital asset space [4]. - With the enhanced regulatory capabilities following the approval of its Type 1 license upgrade, the company is positioned to participate in virtual asset trading platforms and crypto-related offerings in Hong Kong [2][4].

Core Viewpoint - Waton Financial Limited has appointed Mr. Junfeng Qin as Lead Web3 Scientist to enhance its brokerage systems by integrating traditional securities with digital asset markets, aiming to innovate financial infrastructure for global investors [1][2][3]. Group 1: Strategic Importance - The appointment of Mr. Qin is a strategic move to strengthen Waton's leadership and support its long-term growth strategy by developing a next-generation brokerage infrastructure [2][4]. - Waton aims to capture new revenue opportunities and expand its client base by bridging traditional securities with digital asset markets, positioning itself as a leader in Asia's evolving financial services landscape [2][3]. Group 2: Expertise and Role - Mr. Qin brings over 17 years of experience in developing trading systems, which will be crucial in creating solutions that connect conventional securities trading with the demand for digital assets [3][4]. - His role will involve working closely with the future Chief AI Officer and the Chairman to build a world-class infrastructure that enhances efficiency in traditional operations and sets new standards for digital asset integration [4]. Group 3: Company Overview - Waton Financial Limited is a holding company based in the British Virgin Islands, primarily operating through subsidiaries in Hong Kong, offering services such as securities brokerage, asset management, and software licensing [5]. - The company is committed to delivering innovative and reliable financial solutions driven by technology and a customer-centric approach [5].

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Group 1 - Futu Holdings Limited (FUTU) has a Zacks Rank 1 and its current year earnings estimate increased by 17.7% over the last 60 days [1] - Futu's shares gained 71.3% over the last three months, significantly outperforming the S&P 500's 9.6% advance, and it has a Momentum Score of A [2] Group 2 - TAT Technologies Ltd. (TATT) also holds a Zacks Rank 1, with a 10.7% increase in its current year earnings estimate over the last 60 days [3] - TAT's shares rose by 34.9% in the last three months, again outperforming the S&P 500, and it has a Momentum Score of A [4] Group 3 - Astronics Corporation (ATRO) has a Zacks Rank 1, with a 6.7% increase in its current year earnings estimate over the last 60 days [3] - Astronics' shares increased by 16.7% over the last three months, compared to the S&P 500's 9.6% advance, and it has a Momentum Score of B [4]

Core Viewpoint - Interactive Brokers announced the launch of its IBKR Lite pricing plan in Singapore, which offers commission-free trading on U.S. markets, leading to a significant decline in its stock price as investors reacted negatively to the news [1][2][6] Group 1: Company Announcement - The IBKR Lite pricing plan was launched in Singapore, featuring no commissions for trades on U.S. markets [2] - The company emphasized that IBKR Lite is free from hidden fees, providing true cost transparency without commissions, platform fees, or minimums [4] Group 2: Market Context - Singapore, despite being a small country, is considered relatively wealthy in its region, making it an attractive market for Interactive Brokers to offer online trading in U.S. securities [5] - The brokerage industry is experiencing a shift away from commission-based revenue streams, prompting companies to adapt their business strategies [6]

Company Overview - Nordnet is a leading Nordic broker with 2.23 million customers across 4 Nordic countries as of June 2025 [5] - The company's savings capital reached SEK 1,064 billion as of June 2025 [5] - Nordnet facilitated 58 million on-exchange trades in LTM 2Q25 [5] Market Position and Strategy - Nordnet holds the 1 market share in the Nordics among online platforms [10] - The company aims to grow within the Saver segment, targeting the 1 choice for savers by focusing on funds, pension, and ease of use [20] - Nordnet intends to maintain dominance within the Investor segment by enhancing its platform and products [20] Financial Performance and Targets - Nordnet's adjusted revenue for LTM 2Q25 was SEK 5,231 million, representing a CAGR of 25% since 2019 [39] - The company's adjusted operating expenses for LTM 2Q25 were SEK 1,553 million [54] - Nordnet targets customer growth of 13-15% per annum and an average savings capital per customer of around SEK 500k [62] Expansion and Future Growth - Nordnet is planning to launch in Germany in H2 2026, aiming to diversify its business and tap into a large addressable market [67] - The company's strategic ambitions include building the best platform for savings and investments and capturing Nordic growth potential [70] - Nordnet aims to deliver superior shareholder returns through buybacks and a dividend payout ratio of 70% [64]

Core Insights - Wedbush Securities has launched 24-hour trading capabilities, allowing clients to access markets continuously, particularly benefiting investors in Asia-Pacific time zones [1][3] - The expanded after-hours trading integrates Blue Ocean ATS, MOON ATS, and OTC Overnight, providing comprehensive market coverage from 8:00 PM to 4:00 AM Eastern Time [2][4] Company Overview - Wedbush Securities is the largest subsidiary of Wedbush Financial Services, offering a wide range of securities brokerage, clearing, wealth management, and investment banking services since 1955 [5] - The firm is headquartered in Los Angeles, California, with nearly 900 employees and focuses on client service, financial safety, and innovation [5] Strategic Partnerships - The partnership with Blue Ocean Technologies and OTC Markets Group enhances Wedbush's market access and execution support across different time zones [3][4] - Blue Ocean Technologies operates the Blue Ocean ATS, enabling trading of U.S. National Market System stocks during overnight hours, while OTC Markets Group provides regulated markets for trading a wide range of securities [6][7] Market Impact - The 24-hour trading capability reflects a significant advancement in providing clients with the market access they demand in a fast-paced global environment [3] - This initiative aims to bridge time zone gaps, offering continuous liquidity and execution support, thus empowering investors to manage trading risks effectively [3][4]