Zerodha Gets GIFT City Nod for International Investing! 🚀

Zerodha Zerodha platforms
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Big news for retail investors like us! - Zerodha has received approval from the IFSCA to offer international investing right out of GIFT City (as per Moneycontrol news).
Here are the quick highlights of what this means for us
US Stock Access -via global access providers (GAP)

We will soon be able to trade US stocks and ETFs.NSE-IX Integration. Trading will happen via Unsponsored Depository Receipts (UDRs) listed on the NSE International Exchange. - Sorry this was wrong.

Funding - Investments will fall under the RBI’s Liberalised Remittance Scheme (LRS), which allows up to $250,000 per year.This should make investing in global tech and US markets much more seamless directly through our existing broker setups.
Refer : Groww, Zerodha, Angel One, Upstox get GIFT City nod for international investing

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What prompts you to say this? :thinking:

The last update was that they are moving away from the UDR route and pursuing the “Global Access” route.
Even the latest linked moneycontrol article mentions the same (GAP).

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Getting GIFT City nod is not the same as actually using it to launch products. Maybe they are just hedging their bets.