From fractional shares to IPO access, we’re committed to building products and services that aim to break down barriers and expand access to the financial system. Today we’re adding to this with the launch of Stock Lending, our democratized approach to fully paid securities lending.
“Our version of Stock Lending empowers customers to put their investments to work while keeping it simple,” said Steve Quirk, Chief Brokerage Officer at Robinhood. “Robinhood does the work of finding borrowers and managing transactions while customers can add a potential source of passive recurring income to their portfolio.”
“We’re excited to break down yet another barrier and democratize a product that has been historically preserved for the wealthy with high barriers to entry.”
Unlike at other companies, Robinhood doesn’t require customers to have hundreds of thousands of dollars in their account to participate. We’re making fully paid securities lending, and the opportunity for passive recurring income that comes with it, available to customers who traditionally have not had access to it. It’s the Robinhood way.
The full announcement available at https://blog.robinhood.com/news/2022/5/4/introducing-stock-lending-at-robinhood
The news was previously announced in March 2022 at https://finadium.com/pymnts-robinhood-adds-fully-paid-securities-lending-to-mobile-app/