Zerodha, Groww, Angel One, and Upstox Get Nod to Enable US Stock Trading

Indian retail investors are set to gain seamless access to Wall Street as four of the country's largest brokerage platforms receive regulatory approval to operate via GIFT City. This landmark move by the International Financial Services Centres Authority (IFSCA) simplifies the process of investing in US equities directly through familiar domestic interfaces.

New Regulatory Approvals for India's Fintech Giants

In a significant boost to cross-border investing, the IFSCA has granted licenses to Zerodha, Groww, Angel One, and Upstox to operate as intermediaries from Gujarat's international finance hub. The regulatory approvals were rolled out in phases: Groww and Zerodha received their clearances on June 2, followed by Angel One on June 12.

The licenses granted vary by business model. Groww and Upstox have been authorized as Global Access Providers (GAP), a model where the platform connects directly with US-based brokers for trade settlement. On the other hand, Zerodha and Angel One have been cleared as broker-dealers. Under this setup, trades are settled indirectly by routing them through a GAP-licensed partner, who then interacts with the US broker.

The Surging Appetite for Global Equities

The entry of these major players comes at a time when Indian interest in foreign markets is reaching new heights. Recent data highlights a massive surge in outbound capital:

These investments are facilitated under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS), which allows resident individuals to remit up to $250,000 annually for purposes including foreign stock investments.

GIFT City Emerges as a Fintech Powerhouse

تأیید این کارگزاری‌ها بخشی از روند گسترده‌تر تمرکز فعالیت‌های مالی در GIFT City است. شرکت‌های فین‌تک با بهره‌گیری از این مرکز مالی بین‌المللی، به جریان‌های پولی بدون مرز و روان دسترسی پیدا می‌کنند.

Groww و Upstox به بازیگران تثبیت‌شده‌ای مانند Vested Finance و INDmoney در دسته GAP می‌پیوندند و فضای رقابتی جدیدی را برای سرمایه‌گذاران خرد ایجاد می‌کنند. فراتر از کارگزاری، این اکوسیستم در حال گسترش است؛ شرکت‌های پرداخت نیز در حال بررسی مسیر GIFT City برای راه‌اندازی خدمات کیف پول هستند تا از انتقال‌های مشابه فرامرزی پشتیبانی کنند، که این امر نقش این قطب را به عنوان دروازه هند به سوی امور مالی جهانی بیش از پیش تثبیت می‌کند.

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