Zerodha-backed GoldenPi Technologies has become the first online bond platform provider to receive a debt brokerage license from market regulator Securities and Exchange Board of India (Sebi). The Bengaluru-based fintech firm expects this development to spur greater trust in online bonds and debentures investment space.
Regulation for online debt trading platforms:
The regulator introduced regulations for online debt trading platforms which stated that no company or individual shall act as an online bond platform provider without the certificate of registration as a stock broker under the SEBI Regulations, 2021.
The awarding of the license by Sebi to GoldenPi is expected to work as a catalyst for greater investor trust in the online bonds and debentures investment space, the company said in a release.
About GoldenPi Technologies:
Incorporated in 2017, the Zerodha-backed company currently offers more than 100+ bonds and debentures on its online platform in the form of daily listings.
It has more than 3.7 lakh active users on its platform, investing in corporate bonds, NCD, IPOs and other fixed-income assets.