TreasurySpring Public Launch

TreasurySpring launches short-term cash product platform following a rigorous and successful Beta testing phase during which more than $400m of short-term cash products were issued.

London, 10 July, 2019: LONDON, TreasurySpring, the London-based financial technology company today announced the launch of its short-term cash product platform.

A short-term cash product is a new financial instrument, conceived, designed and built by TreasurySpring, designed to help unlock access to the multi-trillion dollar wholesale money markets by providing new digital pipelines to connect cash-rich firms to institutional borrowers from the sovereign, bank and corporate sectors.

Short-term cash products are designed to help all holders of large cash balances, from corporates to charities, private funds to insurance companies, family offices to private banks and beyond, reduce and diversify risk on those balances, while pursuing attractive returns. For investment-grade firms seeking financing, TreasurySpring’s short-term cash product platform provides flexible, low-cost access to a diverse universe of new short-term funding sources.

A short-term cash product shares many of the characteristics of a term deposit, in that it is a term product that can be acquired without the need for any infrastructure. However, instead of providing exposure to unsecured bank risk, as with a deposit, a short-term cash product can offer exposure to any short-dated, investment grade fixed-income obligation, such as a single government bill, a single secured bank loan or a single investment-grade corporate loan, for example.

The short-term cash product platform can be accessed directly via TreasurySpring’s cloud-based web-portal and has been designed to integrate easily into other platforms via secure APIs, making it straightforward to interact with cash investors, issuers, portals and treasury management systems. Since issuing the world’s first short-term cash product in June 2018 in Beta phase, clients from multiple sectors have purchased more than $400m of short-term cash products across a broad range of new products, with more than $300m of issuance in 2019 already.

Kevin Cook, co-founder and CEO, TreasurySpring, said: “The public launch of our online platform is the culmination of three years work to build the financial, operational and technological infrastructure necessary to deliver truly digital pipelines that connect cash rich investors to institutional borrowers. Through these pipelines, we are democratizing access to the wholesale money markets, enabling every holder of large cash balances to invest them in the same way as the most sophisticated financial institutions. We designed our short-term cash product platform in response to clear and repeated demand for cash investment alternatives – alternatives designed to help investors manage risk while pursuing attractive returns – and we are delighted to now be able to deliver simple standardized, regulated products to meet that demand.”

Tim Howell, former CEO of Euroclear and investor in TreasurySpring added: “I have known the TreasurySpring executive team for a number of years now and firmly believe that short-term cash products bring true innovation to our industry; indeed, I believe we are looking at the first material innovation in this space since the creation of money market funds in the 1970s.”

Justin Meadows, founder and former CEO of NEX Treasury and investor in TreasurySpring commented: “When Kevin and his partners first explained the concept behind short-term cash products to me back in 2016, I knew that they were onto something special. Short-term cash products are a simple but powerful tool that can add value to treasury teams of all shapes and sizes; and with the ease of onboarding and execution through their new online portal, I expect to see the speed of adoption continue to grow rapidly over the coming months and years.”

ENDS

Media contacts: TreasurySpring

Sarah Duranni, Holly Finn

Streets Consulting

sarah.durrani@streetsconsulting.com

holly.finn@streetsconsulting.com

Tel: +44 20 7959 2235

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About TreasurySpring

TreasurySpring is a financial technology company designed to unlock access to multi-trillion dollar short-term funding markets. Our short-term cash product platform delivers new digital pipelines to connect cash rich firms to institutional borrowers from the sovereign, bank and corporate sectors.

Built on enterprise-grade infrastructure, short-term cash products are designed to bring capabilities used by large, sophisticated treasury departments to all firms holding material cash balances.

Driven by client demand to reduce and diversify risk in cash holdings without compromising returns, we have taken established concepts and structures and re-purposed them to create a new, regulated and standardized platform.

Designed for all holders of large cash balances, from corporates to charities, private funds to insurance companies, family offices to private banks and beyond, short-term cash products provide transparent, single-name, fixed-term access to government, secured bank and corporate assets, through a simple digital platform that requires no additional infrastructure or cost. Our executive team has worked together in fixed income since 2006, in the hedge fund, asset management, consultancy and technology sectors, and we have advised on over $30bn of cash management assets for some of the world’s leading hedge funds and corporations. For more information, please visit TreasurySpring.com, follow us on Twitter@TreasurySpring or visit our LinkedIn page.

TreasurySpring’s blogs and commentaries are provided for general information purposes only, and do not constitute legal, investment or other advice.