How is Jiko different from a Money Market Fund?

Money Market Funds (MMFs) pool investor assets to purchase a mix of short-term instruments, typically Treasury bills, federal agency debt, and repurchase agreements. Investors own shares in the fund, not the underlying assets.

With Jiko, clients own U.S. Treasury bills directly, with the CUSIP in their name.

For treasurers looking to store cash while optimizing for safety, yield, and liquidity, the experience may feel similar to a MMF, but Jiko offers a key advantage: clients can access cash and make payments just like a traditional bank account, staying invested in T-bills and earning yield until the moment of the transaction or withdrawal.