The UK Regulator Opens Doors for GTN's European Growth Push

Fintech firm GTN has secured authorization from the UK's Financial Conduct Authority (FCA), marking a significant milestone in its European growth strategy. As CEO Manjula Jayasinghe stated, this expands the current regulatory reach, which previously covered Asia, the US, and the Middle East.

GTN Secures UK Authorization, Eyes European Expansion

The authorization enables GTN to offer Tripartite Model B services in the UK, a model where three parties (investment manager, custodian and client) are involved in the investment process, catering to wealth managers, fintechs, and authorized trading firms seeking custody partnership solutions.

"The FCA authorization aligns with GTN's mission to support the vibrant European financial and fintech ecosystem," said GTN's Co-Founder and Group CEO, Manjula Jayasinghe, "GTN's regulatory presence in the UK now complements its existing operations in the US, Singapore, and Dubai, further reinforcing its global reach."

GTN, backed by the International Finance Corporation (IFC) and SBI Group, has established a global presence with over 500 employees across nine countries. The company's expansion into the UK market comes at a time of increasing demand for innovative financial solutions in Europe.

The company provides investment and trading solutions that integrate with the services of regulated financial institutions and fintech companies. Their platform offers access to global markets and various asset classes, complemented by execution, custody, and post-trade services.

This regulatory approval adds to GTN's existing licenses in the United States, Singapore, and Dubai. The fintech recently focused on the expansion in the latter, adding Saxo Bank veteran Ahmad Abouardini as its new Relationship Manager and Zaid Aloul as Chief Commercial Officer for the region.

GTN Partners with Finansia and Revolut

In late May, Thai brokerage and wealth management firm Finansia Syrus Securities formed a partnership with GTN, leveraging GTN’s trading platform and fractional trading capabilities. This collaboration enables Thai investors to access diverse assets across 29 global markets.

“Collaborating with GTN aligns perfectly with our mission to expand the investment horizons of Thai investors,” remarked Chuangchai Nawongs, CEO of Finansia. “By leveraging GTN's cutting-edge technology and global market expertise, we can empower our clients to make informed investment decisions and seize opportunities worldwide.”

A month after this partnership, GTN joined forces with Revolut to introduce bond trading for customers in the European Economic Area (EEA) through the Revolut app. This launch allows Revolut users to buy bonds directly within the app’s investment section. According to a press release from Finance Magnates, Revolut integrated GTN’s instant click-to-trade functionality, supported by FIX and REST APIs, to streamline bond trading for its users.

“This is yet another step in Revolut’s mission to build an all-in-one investment platform that is multi-asset class, has coverage across EEA markets, and caters to both advanced and beginner users,” stated Rolandas Juteika, Head of Wealth and Trading (EEA) at Revolut. “Bonds provide an excellent opportunity for investors to diversify their portfolios with fixed income.”