Stable Money Leads Gold & Silver ETF Surge on ONDC as Investors Turn to Safe, Regulated Products

Why It Matters

The surge underscores a broader move in India’s wealth‑tech sector toward regulated, open‑infrastructure solutions, enhancing investor confidence and expanding market reach for fintech platforms.

Key Takeaways

• Stable Money drives 95% of ONDC mutual‑fund trades
• Gold and silver ETF volumes hit record levels
• Investors favor SEBI‑regulated ETFs over physical metals
• ONDC recorded 150,000 transactions, INR 72 Crores AUM Jan ’26
• Platform serves 30 lakh users, $40 M raised

Pulse Analysis

India’s volatile macro environment and soaring gold‑silver prices have nudged retail investors away from physical holdings toward exchange‑traded funds that offer regulatory oversight. SEBI‑regulated ETFs provide the transparency and liquidity that many investors now demand, and Stable Money’s platform has become a conduit for this demand, posting its highest monthly volumes in these asset classes. By aggregating demand on a single, trusted interface, the firm is not only capturing market share but also setting a benchmark for how fintech can simplify regulated investment access.

The Open Network for Digital Commerce (ONDC) is reshaping distribution channels by removing the silos of closed ecosystems. Stable Money’s early adoption allowed it to command roughly 95% of mutual‑fund transactions on the network, translating into 150,000 trades and INR 72 Crores of assets under management in just January. This interoperability enables investors across India to tap into a wide array of SEBI‑approved products without platform lock‑in, fostering competition and driving down friction costs for end‑users.

For the broader fintech landscape, Stable Money’s growth signals that open‑infrastructure models can achieve scale while maintaining compliance. As regulators continue to emphasize investor protection, platforms that marry open digital standards with regulated product suites are likely to attract both capital and users. The $40 million funding round positions Stable Money to expand its product catalogue, potentially integrating more fixed‑income and diversified ETFs, and to deepen its partnership with ONDC, reinforcing India’s trajectory toward a more inclusive, transparent financial ecosystem.