KYT Group announced the launch of the investment division KYT Invest

KYT Group, an international multi-service product FinTech company with currency exchange as one of its flagship activities, has announced the launch of KYT Invest, an investment division, UNN reports.

"The development of the investment business reflects the group's extensive transformation and scaling of its business, which includes expanding the range of financial services and launching new digital products and services. The creation of KYT Invest was a natural continuation of the group's activities in providing clients with advice on the development of customized individual investment strategies," the press service of KYT Group said.

The report says that the company defines the development of the investment business as one of the most important components of its strategic transformation. KYT Invest is to expand the range of financial services for the group's clients and create unique opportunities for investing in reliable instruments for saving savings, managing private capital and generating investment income with a trusted partner.

"Investment services from the specialized company KYT Invest will complement the line of other financial services within KYT Group, including financial transactions and foreign exchange operations, private wealth management and digital platforms and assets. KYT Invest will offer its clients modern, profitable solutions for capital management and savings growth. KYT Invest portfolio of investment products will include both classic instruments and innovative solutions, including smart contracts based on blockchain technologies and tokenized investment assets," the company disclosed details about the expansion of investment opportunities.

As Forbes Ukraine clarifies in its publication, KYT Invest's entry into the market was previously announced in an interview  with KYT Group's management. "They reflected KYT Group's desire to create an integrated financial services ecosystem that will include not only currency exchange but also investment opportunities for clients," writes Forbes Ukraine. "Among other details about the transformation and scaling of KYT Group's business, it was also reported that the KYTApp mobile application is planned to be launched in the near future, which will include investment services along with the group's traditional financial services.

KYT Group has a wide national network of more than 90 representative offices in 29 major cities of Ukraine, which will allow a wide range of investors of various profiles to access modern tools for capital management and its growth.

The first official presentation of KYT Invest took place in early December in London. There, KYT Group's investment division partnered with the Ukrainian Investment Roadshow in cooperation with the Ukrainian Embassy in the United Kingdom, British Chamber of Commerce, European Business Association (EBA), and AmCham. The event is a permanent platform for interaction with international investors in Ukraine, which brings together leading representatives of the Ukrainian and international investment community, including representatives of the International Finance Corporation of the World Bank Group, the European Bank for Reconstruction and Development, Morgan Stanley International Investment Bank and the London Stock Exchange.

KYT Group is one of the largest foreign exchange market operators, which, according to the National Bank of Ukraine, holds leading positions in the industry in terms of taxes paid, capital, and business success in terms of financial results.