Home / Business and Economy / Upstox Secures SEBI License for Bond Trading
Upstox Secures SEBI License for Bond Trading
2 Nov
Summary
- Upstox obtained SEBI approval to operate as an Online Bond Platform Provider.
- This allows direct offering of corporate bonds, government securities, and SGBs.
- Investments will start at ₹1,000, focusing initially on lower-risk securities.
Broking firm Upstox has officially received approval from the Securities and Exchange Board of India (SEBI) to operate as an Online Bond Platform Provider (OBPP). This significant development permits Upstox to directly offer a range of fixed-income securities to its investor base, marking a strategic expansion into the bond market.
With this license, Upstox will be able to provide corporate bonds, government securities, and Sovereign Gold Bonds (SGBs). Investors will be able to start investing in these products with amounts as low as ₹1,000. The company intends to prioritize lower-risk securities, initially focusing on instruments rated between AAA and BBB-.
This new capability allows Upstox to bypass third-party partnerships, offering bonds directly on its platform. The move follows a trend among major brokerage firms, including rivals like Groww, Zerodha, and Angel One, to diversify their services beyond equity trading into areas such as commodities and fixed-income products. Angel One is also anticipated to commence bond offerings by November.
