DriveWealth and Moment Join Forces to Revolutionize Bond Access

DriveWealth and Moment Partnership: Changing the Investment Landscape

DriveWealth, a pioneering financial technology firm, has teamed up with Moment Technology Inc. in a groundbreaking partnership aimed at enhancing fixed-income investment opportunities. This collaboration marks a pivotal moment in promoting accessibility for retail investors seeking to enter the bond market. By addressing the significant $200,000 entry barrier often associated with international bonds, the partnership seeks to democratize bond investing.

Streamlined Bond Investment Process

With the help of their advanced API suite, DriveWealth is simplifying the onboarding experience for its partners. This allows for quick deployment of bond investment functionalities, making it easier for retail platforms to engage their users in fixed-income markets. The offering has already gone live with BTG Pactual US Capital LLC, showcasing DriveWealth's ambition to lead with an integrated API solution that spans equities, bonds, and international mutual funds.

CEO Insights on the Partnership

Michael Blaugrund, the CEO of DriveWealth, expressed excitement about the new partnership, stating, "At DriveWealth, we’re committed to empowering our partners with innovative, seamless solutions. Our collaboration with Moment is a significant milestone in making fixed-income markets more accessible to everyday investors." He emphasized the legacy of DriveWealth in eliminating investment barriers, starting with fractional equities in 2015.

Breaking Down Barriers in Fixed Income

The fixed-income landscape has long posed challenges for retail investors due to high minimum investment requirements and a fragmented liquidity environment. Although typical US bonds often come with a $1,000 par value, many have minimum investment amounts of $10,000 or more. The challenge compounds further in international markets, where bonds sold under Regulation S commonly require minimum investments of $200,000 or more. DriveWealth's initiative aims to consolidate these fragmented sources of bond liquidity to provide a smoother pathway for investors.

Strengthening Market Relationships

DriveWealth intends to maintain and cultivate strong partnerships with various bond dealers, liquidity providers, and marketplaces. By leveraging the Moment platform, investors will access these resources through a single, efficient solution that enhances the transparency and affordability of fixed-income investing.

The Vision Behind the Collaboration

Dylan Parker, CEO of Moment, highlighted the synergy of the partnership: "We’re honored to work with DriveWealth in breaking down the barriers that have historically restricted access to fixed-income markets." He reiterated Moment’s commitment to facilitating bond liquidity, enabling investors to interact with a market that previously felt out of reach for many.

About DriveWealth and Moment Technology

Founded in 2012, DriveWealth's platform specializes in providing Brokerage-as-a-Service, making it possible for digital wallets, broker-dealers, and asset managers to offer securities trading. Its modern, flexible APIs support a range of investment solutions, from conventional workflows to modern strategies like rounding purchases into fractional shares.

Moment, based in New York City, delivers innovative fixed-income trading technology, market data, and portfolio management tools. Its sophisticated systems, including an Order & Execution Management System and Risk Management System, empower wealth platforms managing significant assets.

Frequently Asked Questions

What is the primary goal of the DriveWealth and Moment partnership?

The partnership aims to eliminate investment barriers in fixed-income markets, allowing more retail investors easy access to bond investments.

How does DriveWealth simplify the bond investment process?

DriveWealth uses its API suite to streamline onboarding and quickly enable partners to offer bond investment capabilities.

What are the typical investment thresholds for bonds?

Many bonds require minimum investments ranging from $1,000 to $200,000, making them challenging for average investors.

Who can benefit from this partnership?

Retail investors seeking access to fixed-income markets and platforms looking to integrate bond investing solutions can both benefit significantly.

When did DriveWealth start its operations?

DriveWealth was founded in 2012 and has since worked to innovate in the financial technology space.

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