Revolut launches bond investing in partnership with UAE’s GTN
UK challenger Revolut has teamed up with GTN, an investment and trading tech firm based in the UAE, to bring bond trading capabilities to its EEA customers.
Revolut launches bond investing with GTN
The partnership will see GTN service the Revolut app with an instant click-to-trade functionality for corporate and government bonds, made available through its financial information exchange (FIX) and representational state transfer (REST) APIs.
This will culminate in an “intuitive and user-friendly” in-app bond investing experience for Revolut while simultaneously “eliminating high minimum investments and simplifying access to a broader range of assets for portfolio diversification”, according to a statement.
The challenger’s efforts to diversify its investment offering, operated in the EEA by Revolut Securities Europe UAB, has so far extended its remit to 3000 different asset classes, including US and EU shares, and exchange-traded funds (ETFs). Revolut says it will look to expand this list “in the upcoming months”.
Rolandas Juteika, head of wealth and trading EEA at Revolut, describes the addition of bonds to its investment offering as “a great way to diversify the investment portfolio, hedge against uncertainty, and generate fixed income”.
“With higher potential returns and diversification benefits, bonds offer a compelling alternative for investors seeking to build wealth and preserve capital,” he continues.
“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.”
