Setting new standards in cash investing.

TreasurySpring is the product of a multi-decade obsession with fixing the fundamental structural problems in the money markets. Our founders – Henry Adams, Kevin Cook, Matthew Longhurst, and James Skillen – met in 2006, trading short-dated fixed income together at a hedge fund. Two years later, they had a front-row seat for the 2008 crisis: the Lehman default, the liquidity that vanished across fixed income, and the short-term funding markets that came close to taking the whole system with them.

What our founders saw convinced them that money markets were built the wrong way round. Too much depended on unsecured bank risk. Real diversification was almost impossible to find. And the protection of lending against collateral, the thing that actually holds when markets don't, was reserved for the few institutions large enough to reach it.

Those institutions could lend cash secured in the repo market, match their investments to their liabilities, and spread risk well beyond a handful of banks. Our founders spent years building that access for them by hand, one sophisticated client at a time. It worked. It was also too complex and too costly for almost anyone else to justify.

So they set out to build it once – properly – for everyone. They invented the Fixed-Term Fund (FTF): a single, regulated, maturity-matched structure that gives any institution direct access to secured, institutional-grade cash investments. The knowledge took two decades and a market crisis to earn. The platform makes it available in a single onboarding.