Tinkoff: Becomes first Russian broker to offer online stock gifting service
- Tinkoff Investments has become the first Russian broker an online service for gifting stock
- To make a stock gift, customers tap on the ‘Gift Now’ button on the page of the relevant stock in the Investments mobile app
- Eligible financial instruments include those available to non-qualified investors, who have not yet passed
- Instead of gifting an item that the recipient may never use, customers can now gift stock of the item manufacturer
- This way, they can make the recipient a co-owner of the company, whether it’s Russian children’s goods retailer
- The owner can then decide whether to sell their stock or invest in its future growth
