August 15, 2024

Raleigh Siu Lau
Chief Executive Officer
Troops, Inc.
Unit A, 18/F, 8 Fui Yiu Kok Street
Tsuen Wan, New Territories, Hong Kong

       Re: Troops, Inc.
           Form 20-F for the Fiscal Year ended December 31, 2023
           Filed April 29, 2024
           File No. 001-35016
Dear Raleigh Siu Lau:

       We have limited our review of your filing to the financial statements 
and related
disclosures and have the following comment.

       Please respond to this letter within ten business days by providing the 
requested
information or advise us as soon as possible when you will respond. If you do 
not believe a
comment applies to your facts and circumstances, please tell us why in your 
response.

       After reviewing your response to this letter, we may have additional 
comments.

Form 20-F for the Fiscal Year ended December 31, 2023
Exhibit 13.1, page 1

1.     We note that the certifications at Exhibit 13.1 appear to relate to your 
Form 20-F for the
       fiscal year ended December 31, 2022, rather than the Form 20-F that you 
filed on April
       29, 2024, covering the fiscal year ended December 31, 2023.

       Please file a complete amendment to your annual report to include 
currently dated
       certifications that reference and pertain to the more recent annual 
report.


       In closing, we remind you that the company and its management are 
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, 
comments, action or
absence of action by the staff.

       Please contact Yolanda Guobadia at 202-551-3562 or John Cannarella at 
202-551-3337
 August 15, 2024
Page 2

with any questions.



                      Sincerely,

                      Division of Corporation Finance
                      Office of Energy & Transportation