The Securities and Exchange Commission of Pakistan has granted Tamkeen Securities (Pvt) Ltd a licence as Pakistan’s first fully digital, online-only securities broker, enabling end-to-end account opening and trade execution without physical visits or paperwork. The digital brokerage model removes reliance on traditional brokerage channels and is positioned within the SECP’s broader focus on developing digital intermediaries. Under its digital framework, the Commission has previously licensed a digital asset management company and a digital life insurance company, and it is processing an application for a digital-only non-life insurance company; it also pointed to lower cost structures, wider outreach and the ability to embed compliance mechanisms as key features of digital intermediaries.
Securites & Exchange Commission of Pakistan 2025-02-10
Securities and Exchange Commission of Pakistan licenses Tamkeen Securities as Pakistan’s first fully digital online-only securities broker
The Securities and Exchange Commission of Pakistan has licensed Tamkeen Securities (Pvt) Ltd as the first fully digital, online-only securities broker, enabling account opening and trade execution without physical visits or paperwork. This aligns with SECP's strategy to develop digital intermediaries, having licensed digital asset management and life insurance companies, and reviewing a digital-only non-life insurance application. Advantages include reduced costs, broader outreach, and integrated compliance mechanisms.