KEY CLIENTS

Type Example Use Case
Neobanks Brex Cross-border payments
Corporate Treasuries Apple Yield-bearing collateral
Insurance Prudential Managing float and reserves with low-risk, yield-bearing collateral
Fintech Robinhood Yield on idle cash balances
MMF Managers FOBXX Inflows, counterparty diversification, liquidity risk reduction
Customer Value Proposition
MMFs Boosts AUM + fee income
Reduces cash flow volatility
Increases daily/weekly liquid assets
Allows for greater counterparty diversification
Investors Daily yield on idle cash
Low minimums
Instant settlement + 24/7 minting and redemption
Yielding-bearing collateral
Payment Providers Reduce prefunding from eight days to four
Reduce FX fees by 20 to 30 bps
Focus on corporate strategy vs. operations
Improved access, reduced cost, faster speed, certainty