Australia’s Airwallex rolls out treasury product Yield in the US

Funds are invested in the J.P. Morgan U.S. Government Money Market Fund.

Airwallex has launched its treasury solution Yield in the US.

Through Yield, customers can move funds from their Airwallex cash balances to an AAA-related money market-fund managed by J.P. Morgan Asset Management, the Australia-based financial platform said.

Yield, which first debuted in Australia in 2024, has recently surpassed $1b in global assets under administration. This momentum was reportedly driven by small-to-medium enterprises (SMEs) with less than $10m in annual revenue, and by customers using yield as a “set and forget” account, Airwallex said in a press release announcing the US launch.

Majority of Yield’s funds are held in US dollar, which Airwallex said is due to companies increasingly seeking to protect capital against local currency volatility and macro-economic uncertainty.

Yield offers no minimum lock-up periods. Funds generally settle back into cash balances within 2 business hours, Airwallex said.

Customers can move funds between payments, payouts, corporate cards, and Yield accounts within a single dashboard, it added.

Funds are invested in the J.P. Morgan U.S. Government Money Market Fund.