Mirae Asset Financial Group’s NBFC arm launches digital pledging for CDSL demat accounts

Mirae Asset Financial Services has introduced a digital pledging feature for CDSL demat account holders. This allows customers to apply for a Loan Against Shares (LAS) entirely online through the Mirae Asset website or mobile app, removing the need for physical paperwork or branch visits. The move simplifies the process of unlocking liquidity from existing equity holdings without selling the underlying assets.

This development is significant for CDSL as it enhances the utility of its demat platform by integrating directly with lending services. For investors, it offers a convenient way to access funds while retaining ownership of their stocks, potentially increasing the attractiveness of holding shares in a CDSL account. The feature is currently available to select customers and may expand to a wider user base in the future.

Investors should monitor the adoption rate of this new digital pledging service and any updates regarding eligibility criteria. Increased usage of such value-added features can strengthen the relationship between demat holders and the depository, potentially driving higher engagement on the CDSL platform.