Sharegain, a securities lending fintech company, has entered a partnership with DriveWealth, a financial technology platform providing Brokerage-as-a-Service. This collaboration aims to unlock new opportunities in the securities lending sector.

DriveWealth, Sharegain Collaborate on Securities Lending

"Our mission has consistently been to empower the next generation of private investors. Collaborating with Sharegain extends an efficient investing experience to new B2B partners and their clients globally. We look forward to a successful partnership," Michael Blaugrund, CEO of DriveWealth, commented.

This partnership enhances DriveWealth's securities lending services by adding an agency lending feature powered by Sharegain. The offering is designed to meet UK and European regulatory requirements.

Partnership Streamlines Lending Services for Brokers

Through this collaboration, DriveWealth’s platform and APIs simplify the investment process. They cover aspects such as execution , clearing, custody, instrument screening, and pricing. Online brokers can integrate both platforms, providing a seamless, end-to-end service for their clients.

"We are excited to join forces with DriveWealth, a company that shares our vision of levelling the playing field in capital markets and making securities lending accessible to everyone," Boaz Yaari, CEO & Founder of Sharegain, added.

European Headquarters Established Following Lithuania License

DriveWealth has also obtained a brokerage license from the Bank of Lithuania, expanding its global reach, as reported by Finance Magnates.

The Category B license allows DriveWealth to establish its European headquarters in Vilnius, Lithuania, complementing its existing operations in the United States and Singapore. The new entity, DriveWealth Europe, will manage the company’s operations in Europe.

Equities Trading Services Extended Across Markets

Earlier, Blue Ocean Technologies and DriveWealth partnered to expand equities trading services, offering greater access to data and trading, particularly in the Asia-Pacific region and other global markets.

This collaboration enables traders in various time zones to access equities services and data, with DriveWealth’s connectivity to Blue Ocean Technologies ensuring real-time execution around the clock. Brian Hyndman, CEO of Blue Ocean Technologies, emphasized the company’s commitment to expanding its market reach. Last year, DriveWealth partnered with Devexperts to introduce fractional share trading in response to growing demand.