Wise launches Yield and Stocks options in the US under licence covering 50 states
Key Facts
Wise has launched its “Yield” and “Stocks” options for customers in the United States, expanding its services from transferring and holding money to investing dollar balances, according to a company statement published via PR Newswire. The first option invests funds in a money market fund holding government-backed assets, while the second provides exposure to an S&P 500 index fund. The company said customers who choose either product can still access their money instantly. They can also send and spend from the same balance without withdrawal penalties, it said. The launch marks the first operational use of Wise’s broker-dealer licence in the United States, which the company says covers all 50 states.
Under Yield, dollar funds are placed in a money market fund investing in government-backed assets, with returns calculated daily and paid into customers’ accounts monthly. Wise stressed, however, that these returns are not guaranteed, meaning the calculation and payment mechanism does not establish a fixed amount or guaranteed outcome for customers. The company said more than 90% of returns earned may be exempt from local and state income taxes, depending on the fund’s holdings. Federal taxes still apply, according to the statement. The option therefore offers investment in money market assets, while returns and tax considerations remain linked to the product and its holdings.
The Stocks option lets individuals and businesses invest money held with Wise in an index fund tracking the performance of 500 companies. The company’s statement warns of investment risks and the possibility of losing principal. The investment’s value can also change with market movements, making this option different from a money market fund in its exposure to share-price fluctuations. Wise’s help page names the institutional iShares S&P 500 fund for this option and says it is managed by BlackRock. The same page identifies the institutional BLF Treasury Trust fund, also managed by BlackRock, for the US dollar Yield option.
The services are offered through Wise US Assets, a registered broker-dealer and member of the Securities Investor Protection Corporation, according to the statement. The protection cited by the company covers up to 500,000 dollars for securities customers of member firms, including 250,000 dollars for cash claims. The US Securities and Exchange Commission says the broker received approval for its registration and became a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation on 2 April 2025. This regulatory step provides background on the broker licence through which the company operates the two products. Wise’s statement, however, cites the protection limits as subject to membership terms and does not present them as a guarantee of investment value or returns.
The service expansion comes as customer funds held with the company grow. Wise said global balances reached 39 billion dollars on 25 June 2026, after rising 40% in the last financial year. In its fiscal 2026 results, the company reported balances of 39.0 billion dollars, compared with 27.8 billion dollars in fiscal 2025. Its fiscal 2027 second-quarter results update showed balances rising to 43.5 billion dollars, up 28% year on year. This growth provides context for the company’s move to offer investment options for funds held with it, alongside its transfer and holding services.
Income for US customers from the existing core interest offering rose about 17% year on year in fiscal 2026, according to Wise. The offering lets customers in the United States earn interest on balances in dollars, pounds sterling and euros. Across its broader business, the company said it supported around 19 million people and businesses in fiscal 2026 and processed more than 240 billion dollars in cross-border transfers. Results for the same financial year showed active customers rising 21% to 18.9 million, while cross-border transfer volume increased 31% to 243.5 billion dollars compared with fiscal 2025. Wise says it is working to make Yield and Stocks available to more customers and will notify them when that is complete.