Jiko Makes U.S. Treasury Bills Available Around the Clock to CashInvest Clients
Key Facts
Jiko announced on November 3, 2026, that liquid U.S. Treasury bills are available around the clock to clients of Morgan Stanley Investment Management’s CashInvest platform. The offer provides automated access to direct ownership of bills, expanding the tools available for institutional cash management. Jiko said the bills would be available on a “24/7” basis, with its solution handling trades automatically. The integration targets treasurers and cash managers who use CashInvest to pool their global cash investments through a single online interface. Direct investment in Treasury bills is now among the access options available through the platform.
Jiko says its offering lets clients hold Treasury bills directly in their own names rather than rely on a pooled investment vehicle. The company says this design removes the manual work traditionally associated with investing in bills. The technology also automates bill trading, including reinvestment when a bill matures. The service also allows payments to third parties, linking bill management with institutions’ cash and payment needs. The operating model centers on keeping cash invested in bills while reducing the manual tasks involved in buying and renewing them.
Direct ownership differs from investing through a pooled liquidity fund: Jiko says the bills are held in the client’s own name. The U.S. Treasury explains that Treasury bills are generally sold at a discount to face value or at face value, and the holder receives the full face value at maturity. The Treasury sets the interest rate at auction, according to the department’s data. This investment structure ties the instrument’s return to its purchase price and value at maturity, while Jiko’s technology automates trading and reinvestment. The integration thus provides a way to manage bills directly through CashInvest, while the offer’s eligibility and registration requirements remain in effect.
Rick Wilkinson, head of global liquidity platform development at Morgan Stanley Investment Management, said making Jiko available through CashInvest “reflects our continued focus on expanding client choice.” The comment puts expanded choice at the center of Morgan Stanley’s rationale for integrating the service; the firm offers CashInvest for institutional liquidity management. Eduardo Vergara, Jiko’s president, said integrating the solution into the platform “expands options that may meet their unique needs.” Vergara linked institutional clients’ needs to balancing safety, liquidity and yield. The two companies’ comments show the integration provides an additional channel among the cash management tools used by institutional clients.
The announcement came on a day when the U.S. Treasury listed auctions for bills maturing in 4, 8 and 17 weeks. The department’s schedule lists all three auctions for November 3, 2026, the same date Jiko announced the offering for CashInvest clients. This places the service in the context of a bill market with a range of short-term maturities available to institutions. A bill’s value at maturity is based on payment of its face value to the holder, while the interest rate is set at auction. The new offering adds automated trading and reinvestment to the access channel, according to Jiko.
Eligible CashInvest clients can access Jiko’s offering now, according to the company’s announcement. Clients who choose to use it must register directly with Jiko and become its clients under the offer. Participation remains subject to applicable eligibility requirements, documents, disclosures and terms. This means availability through CashInvest does not remove the registration process with the solution provider. In the market, Morgan Stanley shares closed at $185.73 on November 2, 2026, the latest closing price included in the EL7 data available for this article.