Brokerage-as-a-Service innovator DriveWealth has forged a partnership with fixed-income specialist Moment Technology.
The partnership will make fixed-income more accessible to investors by reducing minimum investment requirements that can be as much as $200,000.
New Jersey-based DriveWealth won Best of Show at FinovateEurope 2016 in London.
Brokerage-as-a-Service innovator DriveWealth has teamed up with Moment Technology to make fixed-income investing more accessible to a broader range of investors. Together, the two companies seek to redefine fixed-income investing, reducing the minimum investment threshold of $200,000 on many international fixed income products.
“At DriveWealth, we’re committed to empowering our partners with innovative, seamless solutions that make investing simpler and more accessible,” DriveWealth CEO Michael Blaugrund said. “Our partnership with Moment is a major milestone in expanding access to fixed-income markets, enabling us to offer a consolidated API that integrates equities, bonds, and other asset classes. DriveWealth has pioneered eliminating investment barriers from day one — like with fractional equities in 2015 — and this partnership is a natural extension of that legacy.”
Investing in fixed income products like bonds traditionally has been very difficult for retail investors due to high minimum investment requirements and fragmented liquidity. Most U.S. bonds, for example, have a $10,000 or even $100,000 minimum investment requirement, even as most of these instruments carry a $1,000 par value. Bonds sold under Regulation S — which enables companies to raise capital from non-U.S. investors — typically feature investment minimums of $200,000 or more.
Given this challenge, DriveWealth consolidates bond liquidity sources to make bond investing more accessible and offers an API suite that simplifies and accelerates the onboarding process for its partners. This enables them to add new bond investment capabilities quickly and seamlessly to their offering. Along with DriveWealth’s strong relationships with bond dealers, liquidity providers, and liquidity marketplaces, Moment Technology’s platform serves as a streamlined, cost-effective solution that enables users to access these resources efficiently and transparently.
“Moment’s platform simplifies bond liquidity access, operating collaboratively to support DriveWealth’s efforts to break down traditional barriers and help investors to engage more easily with this previously underserved market,” Moment Technology CEO Dylan Parker said.
New York-based Moment Technology provides fixed income trading technology, market data, and portfolio management to wealth platforms. Moment’s partners benefit from a sophisticated Order & Execution Management System (OEMS), Risk Management System (RMS), Portfolio Management System (PMS), and Data & Analytics platform. Founded in 2022, the company includes Andreessen Horowitz among its investors; the firm led a $17 million Series A round for Moment back in 2023.
Founded in 2012, DriveWealth won Best of Show at FinovateEurope 2016 in London. In the years since, the New Jersey-based company has brought its Brokerage-as-a-Service technology to banks, broker dealers, asset managers, digital wallet providers, and consumer brands throughout the U.S., Latin America, EMEA, and APAC. The company’s platform supports trading and investing in U.S. equities, exchange-traded funds (ETFs), mutual funds, options, and fixed income products. A pioneer of fractional share investing, DriveWealth leverages its platform, APIs, and innovative pricing to provide significant flexibility for investors regardless of their net worth.
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