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![matthew_sigel Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::886396943982899201.png) matthew sigel, recovering CFA [@matthew_sigel](/creator/twitter/matthew_sigel) on x 45.2K followers
Created: 2025-07-17 17:15:08 UTC

The Investment Case for $FUTU, the Robinhood of HK and Singapore

>Winning market share in core markets of HK and Singapore including high wealth individuals - 2.7M funded accounts total, 700K of 2M HK's total which is the highest share amongst HK's XXX brokers. 
>High level of trading of clients - XXX% of total volume in in HK, significant share of retail trading in HK.
>Crypto is a huge potential business for them. Possible XX% 2027 revenue uplift from crypto, additional X% from stablecoins and derivatives, per Morgan Stanley estimates.
>Strong product with well-regarded user experience. >Tokenization is not as interesting to them, but the stablecoins and RWAs are interesting. In particular, HK intends to tokenize government issued bonds. 
>Futu is very competitive in price for crypto trading at 8bps compared to 20-30 for IBKR in HK. Crypto trading is exciting because its turnover is XXX% on AUM compared to equities at around 100-200% at a take rate of 3-4x compared to equities.
>Not an expensive stock at ~15x PE

$FUTU is held in VanEck Onchain Economy ETF, ticker $NODE.

![](https://pbs.twimg.com/media/GwE0ROwWoAAOAO2.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945895054670983363/c:line.svg)

**Related Topics**
[singapore](/topic/singapore)
[$futu](/topic/$futu)
[investment](/topic/investment)
[$hood](/topic/$hood)
[stocks technology](/topic/stocks-technology)

[Post Link](https://x.com/matthew_sigel/status/1945895054670983363)