Articles from Jiko

Appointments Signal Jiko's Push to Scale its T-bill-backed Banking Infrastructure Across Corporate Treasury, Embedded Finance, and Digital Currency Integrations

Jiko, the only platform built 100% on U.S. T-bills to power the world’s liquidity, today announced strategic backing by Coinbase (NASDAQ: COIN) and Blockstream Capital Partners. Alongside this investment, Jiko is entering new strategic partnerships with leading industry players, including Crypto.com, Blockstream Capital Partners, Bitso, and Coinbase. These strategic partners will join a growing number of institutions adopting Jiko as a banking partner to utilize its U.S. T-bill-based model for storage, settlements, and payments.

Jiko, the technology firm and regulated bank that provides seamless, instant, and secure access to U.S. Treasury bills to modern treasurers through its T-bill agent-driven architecture, today released the findings from its inaugural Corporate Cash Confidence survey of nearly 200 U.S.-based treasury and finance professionals. The results revealed a surprising disconnect between perceived and actual safety: while the majority of respondents still rely on banks and money market funds (MMFs) to safeguard cash, only 27% expressed full confidence in their current approach to protecting principal and maintaining liquidity in the event of a financial crisis1.

Jiko, the technology platform and bank that provides seamless, instant, and secure access to U.S. Treasury bills to modern treasurers, today announced the launch of JikoNet, a one-of-a-kind network that enables institutions to settle high-volume transactions in real-time, while minimizing the counterparty and liquidity risks that have long burdened previous settlement network solutions. At a time when safeguarding investments and protecting short-term cash is vital, JikoNet builds on Jiko’s uniquely de-levered deposit model and modern technology stack to minimize counterparty risk by keeping every participant directly invested in T-bills.

Jiko, the technology platform and bank that provides seamless access to U.S. Treasury bills, announced today the completion of a $29 million Series C funding round led by existing investors Upfront Ventures, with the participation from Airbus Ventures, Red River West, Radicle Impact and other undisclosed investors. This latest investment strengthens the company’s operating capital as it continues to establish itself as a major player in the institutional and enterprise market.

Kyriba Corp, a global leader in cloud-based finance and IT solutions, and Jiko, a vertically integrated financial institution which offers its clients real-time programmatic access to the yield and safety of T-bills, today announced a strategic partnership, whereby Kyriba’s customers will be able to leverage Jiko’s flagship Money Storage product directly from Kyriba’s Liquidity Management platform. Through this new capability, Kyriba’s clients will be able to proactively manage their T-bill holdings with simplicity, security, and improved liquidity.

Jiko, a financial network that revolutionizes how money is stored and moved, today announced that it has traded over $1B in T-bills since the summer 2022 launch of its corporate offering, Jiko Money Storage, which provides on-demand liquidity by enabling programmatic investment in T-bills, securely held at leading custody bank BNY Mellon. Jiko also announced that it has been able to seamlessly honor same-day outbound transfers of above $100M without relying on any leverage. This news comes as firms across the digital asset industry and traditional finance operate in a turbulent market, in which many are looking to shore up cash to remain highly liquid and yet seek to generate yield safely.

Jiko, the revolutionary financial network to store and move money, today announced the public launch of its Jiko Money Storage solution, enabling companies of all tiers – from multinational corporates to startups – to store money in spendable T-bills. This launch comes off the heels of Jiko’s Series B funding round, led by Red River West and also including investments from Trousdale Ventures, Owen Van Natta, Temaris & Associates, La Maison Partners, BPI France, Airbus Ventures, Anthem Ventures, Upfront Ventures and Radicle Impact. Jiko previously raised $47.7m in Series A and seed funding.