Clear Street, a cloud-native financial infrastructure technology firm, today announced it has entered into an agreement to acquire BOOM Securities (H.K.) Limited, a Hong Kong licensed online brokerage.

In connection with the acquisition, and acknowledging the firm’s continued prioritization of entering new markets through both organic and acquisition-led strategies, Clear Street appointed John Deters to the role of Chief Strategy and Growth Officer.

Ed Tilly, Chief Executive Officer of Clear Street, said:

“This acquisition is a milestone in our global expansion and our first acquisition-led entry into the APAC region. Boom has built a trusted, proven franchise over nearly three decades, and we are excited to bring that franchise onto Clear Street as we continue expanding into high-growth markets.”

Tilly continued:

“The Boom transaction illustrates our repeatable and scalable model: migrating a successful business onto Clear Street’s cloud-based data and technology infrastructure, while gaining access to compelling new markets. Our unified platform allows us to deliver speed, scale and transparency to clients across the Clear Street ecosystem, and the Boom acquisition is an exciting example of our global intentions.”

The strategic move provides Clear Street with immediate access to the Asia-Pacific (APAC) market while securing key regulatory licenses and infrastructure needed to serve institutional and individual clients across 18 global markets. Founded in 1997, Boom Securities brings more than $2 billion in assets under management and thousands of active clients — all of which are expected to migrate over to Clear Street’s unified technology platform.

Boom’s clients gain access to Clear Street’s platform of expanding products and services, including enhanced cross-margining capabilities, multi-asset portfolio management and real-time data analytics while maintaining the personalized service and multi-lingual support that has defined Boom’s client relationships across the APAC region.

The acquisition is subject to customary closing conditions, including approval from Hong Kong’s Securities and Futures Commission, and is expected to close in mid -2026.

Uriel Cohen, Founder and Executive Chairman of Clear Street said:

“Our global build and product velocity continues at a rapid pace. We explored the opportunity to go public but ultimately decided not to proceed at this time due to market conditions. We are focused on what we do best, providing sophisticated investors the tools and access previously reserved for only the largest hedge funds and institutions, all through our unique technology platform.”