Hugosave taps GTN Invest’s API to power fractionalized investment portfolios

Rick Steves

GTN, a fintech leader, holds broker-dealer and capital markets services licenses in multiple jurisdictions. They empower various financial entities with scalable investment and trading solutions. GTN’s API suite allows for the development of bespoke trading and investment applications. Their global trading ecosystem includes execution, custody, and post-trade solutions.

Singapore ranked number 3 financial center globally

GTN has partnered with Hugosave, Singapore’s leading wealthcare app. This partnership expands Hugosave’s offerings with fractionalized investment portfolios, accessible from S$0.01.

The collaboration employs GTN’s global fractionalization engine through GTN Invest’s API. This innovation simplifies investments, allowing clients to invest in global ETFs without high minimum investments and complex fees.

Global ETFs without high minimum investments and complex fees

Julien Le Noble, CEO of GTN Asia, said: “GTN is delighted to have been selected by Hugosave as they expand their offering with GTN Invest, our digital wealth management platform. Their goal of democratizing investing for everyone aligns perfectly with our vision to deliver innovative solutions that enable everyone to invest in anything at any time.”

David Fergusson, CEO of Atlas Consolidated, Hugosave’s parent company, highlighted the transformative impact of this collaboration. “This partnership is a game-changer for our clients. By leveraging GTN’s expertise, we are empowering our clients to invest in a diversified range of global ETF funds with greater flexibility and control. This will undoubtedly play a transformative role in their savings journey, helping them achieve their long-term wealthcare objectives.”

Hugosave’s new offering powered by GTN Invest empowers clients to invest in diversified global ETF funds with greater control. Hugosave clients now have access to three tailored ETF portfolios – Cautious, Balanced, and Growth. An Investment Personality Quiz assists clients in selecting suitable portfolios.

This innovative approach redefines the conventional ETF buying process, which typically involves higher investment thresholds and additional fees. Now, investors can invest more flexibly in ETFs, enabling better control over investment decisions.

GTN’s API suite allows for the development of bespoke trading and investment applications

Starting today, 23 November 2023, these fractionalized investment portfolios are available. They are managed within Hugosave’s Trustbox, ensuring digital security and efficiency. This feature reflects GTN’s commitment to secure and accessible investment solutions.

GTN, a fintech leader, holds broker-dealer and capital markets services licenses in multiple jurisdictions. They empower various financial entities with scalable investment and trading solutions. GTN’s API suite allows for the development of bespoke trading and investment applications. Their global trading ecosystem includes execution, custody, and post-trade solutions.

GTN’s team of over 300 is spread across multiple countries. They are backed by strategic investors including the IFC, part of the World Bank Group, and SBI Ventures Singapore Pte. Ltd., from SBI Holdings, Inc.

Hugosave, launched in July 2021, is Singapore’s first Wealthcare app. It focuses on smarter spending, saving, and investing, starting with gold. Currently, about 70,000 customers in Singapore use Hugosave. Since its launch, Hugosave has won multiple awards, including at the Retail Banking Awards 2023.

Hugosave is operated by Atlas Consolidated Pte Ltd, a certified member of the Singapore FinTech Association. It holds several licenses from the Monetary Authority of Singapore and the Ministry of Law, Singapore. Trustbox Pte Ltd, its subsidiary, has a Financial Adviser’s Licence from MAS.

GTN launched fractional trading engine for equities and fixed income

GTN’s fractional trading engine for equities and fixed income was launched last month.

The trading platform provides retail investors with the ability to invest in high-value stocks and fixed-income assets in fractional amounts, thereby democratizing access to broader investment opportunities.

Fractional trading has been gaining steam as it allows retail investors to diversify their portfolios without the need for large capital outlays. By breaking down high-value stocks into more affordable units, investors can efficiently allocate smaller cash balances across a wider range of assets. GTN’s new offering aims to make the investment landscape more inclusive, offering fractional trading on equities, ETFs, and now, uniquely, fixed income.

The fractional trading engine will be integrated into GTN Trade, the company’s co-branded global trading platform, as well as its versatile API framework. This enables a broad range of financial institutions—including brokers, banks, wealth managers, and fintechs—to offer fractional trading services to their clients, thereby enhancing their value proposition.

GTN, which has been in the industry for decades, holds broker-dealer and capital markets services licenses in multiple jurisdictions through its subsidiaries. Its comprehensive trading ecosystem includes best-in-class execution, custody, and post-trade solutions. for all.

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