-Starting with minimum ticket sizes of INR 1000 or lower
– Offering the right platform to retail investors to explore untapped market potential
Bengaluru, February 7, 2024 – Stable Money, a leading marketplace specializing in reliable fixed-income investment opportunities today announced the successful acquisition of the Online Bidding Platform for Bonds (OBPP) license from the stock exchanges, marking a significant milestone for the company.
The license is a crucial enabler for facilitating the online sale of listed bonds, mandating entities to register as stockbrokers in the debt segment. With this development, Stable Money can now diversify its offerings to include corporate bonds, alongside fixed deposits (FDs) thus empowering investors with diverse investment avenues.
Acknowledging the hurdles confronted by retail investors in the primarily institution-dominated Indian bond market, Stable Money aims to enhance accessibility. The company is starting by offering bonds with minimum ticket sizes of INR 1000 or lower, aiming for a broader user base.
Commenting on this development, Saurabh Jain and Harish Reddy, Founders of Stable Money, said, “We are thrilled to announce the acquisition of the OBPP license, a pivotal milestone towards democratizing access to the bond market for retail investors. At Stable Money, our vision is to empower users to optimize their fixed-income returns, and this license enables us to offer a broader spectrum of investment opportunities. We are dedicated to crafting a seamless and user-friendly platform that enhances the financial well-being of our users.”
Retail participation in bonds remains low, primarily due to limited awareness and transactional challenges, with only the top 1% exploring these options. Recognizing bonds as a valuable addition to an investor’s portfolio, Stable Money endeavors to enhance retail penetration through its platform.
Building on the success of enhancing fixed deposit returns through an online and seamless process, Stable Money extends the same benefits to bond investments. Additionally, the company aims to diversify users’ fixed-income investments by introducing bonds as a complementary instrument to traditional fixed deposits.
Until last year, no regulations mandated a license for online bond sales. With recent license requirements, Stable Money stands among the pioneers, marking a positive stride towards reinforcing retail investor trust in our platform.