Seoul-based fintech Toss Securities announced it’s launched a stock lending service that allows customers to lend out their overseas stocks.
While lending stocks, customers can sell them in real time at any time without any additional procedures, and they can still receive dividends as before. The lending and repayment (return) processes are all handled automatically, eliminating the need for additional, complex procedures.
“Stock lending is an investment technique that has already been established in the global market. While some overseas securities firms only offer it to customers with a certain asset size, Toss Securities has lowered the barrier to access so that customers who hold just one share can use it,” according to a statement from Toss Securities attributed to an official of the company. “We expect that this will provide an opportunity for a new investment experience through stock lending for customers who have been steadily investing in overseas stocks through stock accumulation and other means.”