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.