TreasurySpring Management

TreasurySpring provides a digital platform that gives corporate treasurers and institutional cash managers access to short-term wholesale funding instruments — such as reverse repo, certificates of deposit, and commercial paper — typically reserved for interbank trading. The platform handles the legal structuring, credit analysis, and settlement through a partnership with Euroclear, while investors hold units in bankruptcy-remote vehicles domiciled in Jersey. The firm refers to these instruments as Fixed-Term Funds.

Investment decisions and credit selection are led by co-founder Kevin Gordon, who serves as Chief Investment Officer, alongside co-founders Matthew Long (CEO) and James Skillen, the three having previously worked together on fixed-income trading and structuring desks at Deutsche Bank and UBS. The firm operates an investment committee structure within its Jersey-regulated management entity.

TreasurySpring operates as both. It is regulated by the Jersey Financial Services Commission as a fund manager, and the investment products are structured as Jersey-domiciled funds. However, the distribution and operational layer is a proprietary digital platform that clients access directly, making it a hybrid of an asset manager and a fintech infrastructure company.

The firm sources instruments from a network of global bank counterparties and, increasingly, non-bank financial institutions. Its founding team's background in fixed-income trading at major banks provides the direct counterparty relationships that underpin the supply of reverse repo, commercial paper, and deposit products. The firm applies its own credit analysis before listing any product on the platform.

TreasurySpring does not publicly disclose AUM figures. The business model differs from a traditional fund manager in that it operates a platform connecting counterparties through a regulated fund structure, making AUM a less precise measure of activity than the number of subscribing institutions — which the firm reported as over 400 in 2023.

In January 2023, Balderton Capital led a $29 million Series B funding round, with participation from existing investors including Mubadala Capital (per Balderton Capital, January 2023). Earlier investors include ETFS Capital, the venture vehicle of ETF Securities founders Graham Tuckwell and Mark Weeks.

The Jersey entity, TreasurySpring Management (Jersey) Limited, is the regulated fund manager licensed by the Jersey Financial Services Commission. All Fixed-Term Funds are structured as Jersey-domiciled, bankruptcy-remote segregated portfolio companies, which provides legal separation and creditor protections not available in a standard deposit-netting arrangement.