WealthKernel Expands into Europe with CNMV License

WealthKernel, a leading digital investing provider, secures CNMV license, becoming dual-regulated in the UK and EU.

WealthKernel, a prominent player in the realm of digital investment infrastructure, has recently unveiled its strategic foray into the European market, buoyed by the acquisition of a license from the esteemed Spanish National Securities Market Commission (CNMV). This pivotal development positions WealthKernel as one of the select few API-first investment infrastructure providers to achieve dual regulation in both the UK and EU—a feat that undoubtedly adds a feather to its cap.

The company has been duly authorized as a Securities Broker (Agencia de Valores), endowed with the critical permissions to receive and transmit orders (RTO) and to provide custody solutions. In tandem with this regulatory endorsement, WealthKernel has fortified its operational footprint by inaugurating a new office in the vibrant city of Madrid. This Spanish license is set to empower WealthKernel to extend its innovative services to European enterprises eager to leverage its adaptable API investment infrastructure.

Spain, with its burgeoning fintech ecosystem, favorable regulatory climate, and commitment to enhancing the entrepreneurial landscape, emerges as an ideal launchpad for WealthKernel’s European ambitions. The decision to initiate this expansion in Spain is particularly astute, as the nation is increasingly recognized as a potential fintech powerhouse within Europe, attracting a plethora of international fintech firms eager to establish new intermediaries.

The country boasts a tech-savvy populace, unparalleled global market access, and a dynamic startup environment—elements that align seamlessly with WealthKernel’s strategic roadmap and overarching vision. This European expansion marks a significant milestone in the company’s trajectory, reinforcing its stature as a pivotal provider of global investment infrastructure.

In the forthcoming months, WealthKernel intends to scale its operations while deftly navigating the intricate regulatory landscape of Europe, all the while maintaining its commitment to innovation within the fintech and wealthtech sectors. Over the past few years, WealthKernel has delivered best-in-class API investing infrastructure to a diverse array of fintechs and wealth managers, including notable names such as Wahed Invest, Stratiphy, Fint Invest, and Wealthyhood.

With the newly acquired license, WealthKernel is poised to broaden its service offerings to companies aspiring to develop exceptional products and expedite their market entry within the EU, commencing with Spain. The company can now facilitate Euro-based trading and settlement services, alongside access to EU securities, fractional ETFs, and money market funds (MMFs). In an era where agility and adaptability are paramount, WealthKernel’s expansion into the European market is not merely a strategic maneuver; it is a clarion call to the fintech community, heralding a new chapter of opportunity and innovation.