Global investing should not come with extra paperwork: Ashish Kashyap

Business Standard · Vedant Vichare · 2026-11-06 06:34 UTC

INDmoney CEO says logins and trades need multi-factor verification and that investor accounts are held in GIFT City, after unauthorised stock liquidations at Stockal

INDmoney CEO says logins and trades need multi-factor verification and that investor accounts are held in GIFT City, after unauthorised stock liquidations at Stockal

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Unauthorised liquidation of some US stocks at Stockal has rattled some investors. Founder and CEO Ashish Kashyap of INDmoney, whose global assets under management stand at $3.5 billion, tells Vedant Vichare in an interview that every login on their platform needs two factors: credentials and biometric verification on investor's registered device, and every buy or sell needs a third. Investor's account, he added, is opened and held by us in GIFT City, and none of the personal data is shared with foreign brokers. Edited excerpts:

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