What is JikoNet?
JikoNet is Jiko’s real-time settlement network designed to enable institutions to move large volumes of US dollars securely, 24/7, while minimizing counterparty and liquidity risks and earning yield up until the moment of the transaction. JikoNet facilitates instant transactions between Jiko Pockets.
JikoNet is Jiko’s real-time settlement network designed to enable institutions to move large volumes of US dollars securely, 24/7, while minimizing counterparty and liquidity risks and earning yield up until the moment of the transaction.
JikoNet facilitates instant transactions between Jiko Pockets. When a transfer is initiated, JikoNet automatically liquidates the sender's T-bills, transfers the funds using a ledger transfer at Jiko Bank, and reinvests them into T-bills for the recipient, all in real time.
Key Benefits:
Transact at any time, including weekends and off-peak hours, without exposure to traditional banking delays or balance sheet risks.
Funds remain invested in U.S. Treasury bills before and after transactions, ensuring that cash is never idle and always earning the risk-free rate.
As a regulated national bank and broker-dealer, Jiko ensures that all users and transactions have the proper regulatory oversight.