WealthKernel has been authorised as a Securities Broker (or Agencia de Valores) with permission to receive and transmit orders (RTO) and offer custody solutions. In addition to the regulatory approval, the company has also expanded its presence with a new office in Madrid.
The Spanish license will enable WealthKernel to offer its services to European companies looking to power their business with their flexible API investment infrastructure.
Tapping into Europe’s next fintech powerhouse
Spain’s growing fintech ecosystem, supportive regulatory environment, and focus on improving the entrepreneurial landscape make it a fit for WealthKernel. The company chose Spain as its first step into the European market as the country is considered to be the next European fintech powerhouse, with many international fintechs choosing to open new intermediaries. Spain has a tech-savvy population, global market access, and a vibrant startup scene, all of which support WealthKernel’s roadmap and vision.
The European expansion represents a significant step in the company’s roadmap and strengthens its position as a key provider of global investment infrastructure. In the near future, the company aims to scale its operations and navigate the regulatory requirements of Europe, all while continuing to innovate in the fintech and wealthtech space.
With the new licence, WealthKernel can now extend its services to companies looking to build great products and get to market faster in the EU, starting with Spain. WealthKernel can now offer Euro-based trading and settlement services along with access to EU securities, fractional ETFs, and MMFs.
Officials from WealthKernel said this is a significant milestone for them, as they are now authorised to operate in both the UK and Europe. They will soon be able to help businesses in Spain and Europe and power their investing proposition. Securing the licence from the CNMV is a testament to their commitment to growth, innovation, and compliance. This new milestone reflects their mission of helping create better businesses with their API-first investment infrastructure and is their first step in their European expansion strategy.
Source link : https://thepaypers.com/payments-general/wealthkernel-expands-into-europe-with-a-spanish-licence–1270394
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Publish date : 2024-10-04 06:58:00
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