Airwallex has rolled out its treasury product Yield in the United States.
The solution allows customers to transfer funds from their Airwallex cash balances into an AAA-rated money market fund managed by J.P. Morgan Asset Management.
Yield was first introduced in Australia in 2024 and has since grown to exceed $1b in global assets under administration. The growth has largely been driven by small and medium-sized enterprises with annual revenues below $10m, as well as clients using the product as a simple “set-and-forget” option for managing idle funds, according to Airwallex.
Most of the funds invested through Yield are held in US dollars, reflecting companies’ efforts to safeguard capital from currency volatility and broader macroeconomic uncertainty.
The product does not require a minimum lock-up period, and funds can typically be returned to cash balances within two business hours. Airwallex said users can also transfer funds between payments, payouts, corporate cards and Yield accounts through a single dashboard.
The funds are invested in the J.P. Morgan U.S. Government Money Market Fund.
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