GTN, a fintech firm providing buying and selling options, has partnered with Revolut to launch bond buying and selling for EEA prospects on the Revolut app. Introduced at present (Tuesday), Revolut prospects can already commerce bonds instantly through the make investments part of the app.
The press launch shared with Finance Magnates detailed that Revolut is leveraging GTN’s on the spot click-to-trade performance through its FIX and REST APIs to convey bond buying and selling to its prospects.
“Our API permits Revolut to make investing in bonds as straightforward as investing in shares,” stated Ankit Shah, International Head of Fintech at GTN. “The fractionalisation of bonds eliminates the normal obstacles of excessive minimal investments and different associated complexities, reworking how individuals construct wealth.”
Final month, Thailand’s Finansia Syrus Securities collaborated with GTN to boost its buying and selling platform and supply fractional buying and selling capabilities to all Thais, enabling them to take part in a various vary of property throughout 29 international markets. Earlier this 12 months, GTN additionally onboarded Damian Bunce because the CEO of its operations within the Center East.
The Huge Bond Buying and selling Market
The worldwide bond market is value $100 trillion; nonetheless, it isn’t simply accessible to retail traders. The partnership between GTN and Revolut goals to make these bonds accessible to retail merchants with an preliminary funding of solely €100.
Headquartered in the UK, Revolut has emerged as one of many largest fintechs in Europe. Though it operates as a cost establishment in its dwelling nation, it has a banking licence within the European Union. It additionally gained a banking licence in Mexico and funds authorisation in India. The platform now has over 40 million customers globally.
Revolut ended 2022 with a complete income of $1.1 billion, a rise of 45 % from the earlier 12 months. In 2023, it expects this determine to succeed in $2 billion. Moreover, internally, it’s aiming to generate about £300 million (roughly $370 million) from promoting by 2026.
“That is yet one more step in Revolut’s mission to construct an all-in-one funding platform that’s multi-asset class, has protection throughout EEA markets, and caters to each superior and newbie customers,” Rolandas Juteika, Head of Wealth and Buying and selling (EEA) at Revolut, stated on the most recent partnership with GTN. “Bonds present a superb alternative for traders to diversify their portfolios with fastened earnings.”