ExchangiFi Accepted into Fintech Sandbox Data Access Residency Program

The firm has quickly established itself as the 351 Exchange Marketplace, connecting wealth professionals and asset managers to easily identify and execute 351-related opportunities.

PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--ExchangiFi, the 351 Exchange Marketplace connecting wealth managers with ETF issuers for tax-efficient Section 351 exchanges, announces that it has been accepted to join the prestigious Fintech Sandbox Data Access Residency Program.

Fintech Sandbox is a nonprofit organization that provides early-stage fintech startups with free access to premium financial data feeds and APIs from over 40 industry-leading data partners, including FactSet, S&P Global, Nasdaq, Equifax, Morningstar, Plaid, Intrinio, and more, enabling entrepreneurs to build and scale their products without the burden of costly data licensing.

Through the residency, ExchangiFi will leverage access to Fintech Sandbox’s data resources to further develop its software, which replaces manual processes and simplifies the conversion of appreciated portfolios into shares of newly launched ETFs.

“We are thrilled to be accepted into the Fintech Sandbox community,” said Ricardo Velasquez, Co-founder and technical lead of ExchangiFi. “This residency gives our technical team access to the high-quality financial markets data we need to deliver better and faster portfolio optimizations to wealth managers and ETF issuers.”

ExchangiFi's technical team is led by Ricardo Velasquez, former founder of Alternova, and Juan Trujillo. Together, they are building out the company's technical infrastructure and financial markets data capabilities to power the ExchangiFi 351 Exchange Calculator, the software that automates the complex tax-deferral optimization required for Section 351 ETF exchanges.

“It is still early in the 351 ETF exchange conversation, and our focus is on simplifying the process so wealth advisors and asset managers can get a lot of value out of the platform,” added Matt Bucklin, the founder of ExchangiFi. “We look forward to sharing upgrades to the marketplace and software soon.”

About ExchangiFi, LLC

ExchangiFi is a fintech platform that connects wealth managers with ETF issuers for tax-efficient Section 351 exchanges, with software that automates compliance testing and turns complex transactions into seamless, tax-deferred conversions of portfolios into new ETF shares. For more information, visit ExchangiFi.com.

About Fintech Sandbox

Fintech Sandbox is a nonprofit organization that drives innovation by providing free access to critical data and resources to fintech entrepreneurs around the world. Join our community and be part of the fintech innovation. Learn more at FintechSandbox.org.