DriveWealth says it has formed a partnership with Moment Technology to better support access to fixed-income securities.
DriveWealth is a “Brokerage-as-a-Service” platform that powers digital wallets, broker-dealers, asset managers and consumer brands.
Moment offers fixed-income trading tech as well as market data.
The collaboration is said to expand retail access to the bond market by eliminating the current $200,000 minimum investment threshold of many international bonds.
DriveWealth seeks to allow clients to roll out bond investments quickly. The offering is apparently already live with BTG Pactual US Capital LLC, an affiliate of Banco BTG Pactual, the largest investment bank in Latin America.
Michael Blaugrund, CEO of DriveWealth, called the partnership a significant milestone in expanding access to fixed-income markets.
“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.”
Most US bonds have a $1,000 par value, and most have a minimum investment amount of $10,000 or higher.
For bonds sold under Reg S, the minimum can be $200,000 or more.
DriveWealth says it solves this issue by consolidating bond liquidity sources and making bond investing more accessible.
