Quarterly report [Sections 13 or 15(d)]

RESTRICTED CASH

v3.25.4
RESTRICTED CASH
 9 Months Ended
Dec. 31, 2025
Restricted Cash [Abstract]  
RESTRICTED CASH RESTRICTED CASH
As of December 31, 2025, and March 31, 2025, restricted cash consisted of the following:
 
December 31, 2025
March 31, 2025
 
Brokerage customers’ cash $ 2,529,674  $ 737,546 
Guaranty deposits 102,162  70,026 
Short term placements 11,742  — 
Restricted bank accounts 9,333  8,122 
Due from banks 6,395  6,904 
Deferred distribution payment 23  23 
Allowance for restricted cash (15,954) (15,153)
Total restricted cash $ 2,643,375  $ 807,468 
As of December 31, 2025, and March 31, 2025, part of the Group’s restricted cash was segregated in a special custody account for the exclusive benefit of the relevant brokerage customers.
As of December 31, 2025, and March 31, 2025, the Group had brokerage customers’ cash with a single non-related prime broker that individually exceeded 10% of the Group’s total restricted cash in the amount of $1,634,344 and $368,196, respectively.