The UK Financial Conduct Authority (FCA) has granted authorisation to GTN, a worldwide fintech that is providing innovative trading and investing for everyone.
With this strategic accomplishment, GTN is able to provide a wider range of investment services to the European financial services community, solidifying its position.
Through the FCA approval, GTN will grow its service range to include Tripartite Model B services, catering to the needs of wealth managers, fintech’s, and other firms licensed to trade on behalf of their clients but requiring custody to be provided by a partner firm.
Additionally, GTN’s broad reach and strong grasp of the fintech industry position it distinctively to fulfill Europe’s growing need for innovative financial solutions.
GTN’s co-founder and Group CEO, Manjula Jayasinghe stated: “We are thrilled to officially launch our European subsidiary and excited to add the UK to our portfolio of regulated entities. The FCA authorisation aligns with GTN’s mission to support the vibrant European financial and fintech ecosystem. GTN’s regulatory presence in the UK now complements its existing operations in the US, Singapore, and Dubai, further reinforcing its global reach. “
Moreover, GTN is a fintech innovator with decades of experience, has capital markets services and broker-dealer licenses in several jurisdictions through subsidiaries.
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By GlobalDataIn order to make trading and investing accessible to everyone, it is dedicated to providing brokers, banks, asset managers, and fintech’s with scalable and modern trading and investment solutions that give them access to a wide range of international markets and asset classes.
A diverse team of more than 500 talented people from Brazil, Hong Kong, Saudi Arabia, Singapore, South Africa, Sri Lanka, the United Arab Emirates, the United Kingdom, and the United States come together at GTN with the common goal of enabling clients and reshaping the accessibility of trading and investment prospects for everyone.
GTN is funded by strategic investors IFC, a World Bank Group member, and SBI Group, one of Tokyo Stock Exchange’s notable financial services organisations.