How does Jiko keep client funds safe?
Jiko employs a comprehensive, multi-layered approach to ensure the safety of client funds, integrating regulatory compliance, secure asset custody, and advanced technology. Direct Ownership of U.S. Treasury Bills Client funds are directly invested in U.S. Treasury bills, eliminating exposure to traditional banking balance sheet risks.
Jiko employs a comprehensive, multi-layered approach to ensure the safety of client funds, integrating regulatory compliance, secure asset custody, and advanced technology.
Direct Ownership of U.S. Treasury Bills
Client funds are directly invested in U.S. Treasury bills, eliminating exposure to traditional banking balance sheet risks. These securities are primarily held at The Bank of New York Mellon and select custodial partners in segregated, no-lien accounts, ensuring that, even in the unlikely event of insolvency, clients retain full ownership and access to their assets.
Regulatory Oversight and Compliance
Jiko operates under stringent regulatory frameworks, being overseen by the Federal Reserve Bank, the Office of the Comptroller of the Currency (OCC), the Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA). This oversight ensures adherence to rigorous standards in risk management and operational practices.
Security Certifications and Infrastructure
The platform has achieved SOC 2 and PCI certifications, validating the effectiveness of its internal controls and the secure handling of customer information and payment data. Jiko's cloud-based infrastructure employs robust data encryption and is monitored continuously by a dedicated security team to safeguard against unauthorized access and cyber threats.
Learn more about trust and safety at Jiko here.