Categories: Banking

SEBI Issues debt broker License to Zerodha-backed GoldenPi Technologies

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. 

Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks

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.

Piyush Shukla

Recent Posts

Ace Your Exam 19th December Current Affairs Quiz

In competitive exams like SSC, Defence, State Exams, and Railways, current affairs serve as a…

3 hours ago

What is the Old Name of Karnataka?

Karnataka, a state in southern India, is known for its rich history, vibrant culture and…

16 hours ago

Who is Known as the Father of Sociology?

Sociology is the study of society, human behavior and the way people interact with each…

17 hours ago

Which District of Gujarat is Known as the Oil City?

Gujarat is a state located in the western part of India. Known for its rich…

18 hours ago

The FIFA Best Awards 2024: Recognizing Excellence

The Best FIFA Football Awards 2024 were held in Doha, Qatar, on December 17, where…

18 hours ago

International Migrants Day 2024

International Migrants Day, observed annually on December 18, serves as an important reminder to honor…

19 hours ago