SEBI grants registration certificate to Jio BlackRock Broking as stock broker and clearing member

The Securities and Exchange Board of India (SEBI) has granted a certificate of registration to Jio BlackRock Broking Private Limited (JBBPL) to operate as a stock broker and clearing member. The certificate was issued on June 25, 2025.

This development adds to a series of regulatory milestones for the joint venture between Jio Financial Services and BlackRock. Earlier this month, Jio BlackRock Investment Advisers Private Limited (JBIAPL), the advisory arm of the venture, also received SEBI approval to operate as an investment adviser

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These approvals come close on the heels of SEBI’s greenlight in May for Jio BlackRock Mutual Fund to commence operations. In a letter dated May 26, 2025, the regulator granted a certificate of registration to Jio BlackRock Mutual Fund and approved Jio BlackRock Asset Management Private Limited to act as its Asset Management Company (AMC).

The Jio-BlackRock partnership was first announced on July 26, 2023, as a strategic foray into India’s fast-growing asset management industry. Following SEBI’s in-principle nod on October 4, 2024, the two entities incorporated Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited on October 28, 2024, to undertake mutual fund operations.

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