Mercury, the technology company providing radically different banking, has launched two new Mercury Treasury products. The company developed the products with Morgan Stanley Investment Management and State Street Investment Management. The new Mercury Treasury products target startups and scaling businesses managing excess business cash. They aim to provide competitive returns while maintaining liquidity and a conservative investment profile.
Mercury designed the offerings exclusively for its customers. In addition, the products seek to improve net yield while keeping cash management within the Mercury platform.
New Mercury Treasury Products Target Business Cash
The launch includes two investment products with different structures and availability timelines.MCRYX is a Mercury-exclusive ultra-short bond fund developed with Morgan Stanley Investment Management. The fund currently offers yields of up to 3.88% through Mercury Treasury. It is available to Mercury customers today.
The new share class carries a lower expense ratio than Mercury’s previous government money market fund. Therefore, customers can receive more of the fund’s yield directly.
Both funds focus on higher net yields than Mercury’s previous Treasury offerings. At the same time, they avoid adding credit risk or extending duration.
“Founders and finance teams shouldn’t have to move money across platforms or take unnecessary risk to earn a competitive return on their cash,” said Dan Kang, CFO of Mercury. “We built these funds with Morgan Stanley Investment Management and State Street Investment Management to give our customers exclusive access to institutional-quality Treasury products directly inside Mercury.”
Mercury Expands Cash Management for Growing Companies
Fast-growing companies such as ElevenLabs, Supabase, and Linear use Mercury Treasury. These businesses rely on Treasury services to manage their corporate cash. Global venture funding exceeded $500 billion during the first six months of 2026. Consequently, early-stage companies now manage increasingly larger pools of capital.
This growth has increased demand for cash management products. Businesses increasingly seek solutions that combine liquidity, yield, and operational simplicity. Mercury said its approach focuses on responsible yield, liquidity, and integration. The company also worked with two major asset managers to develop the new offerings.
The products simplify access through Mercury without changing the underlying risk profile. As a result, customers can manage their cash through a familiar platform.
“We’re seeing growing demand from startups and finance teams for cash management solutions that combine liquidity, operational simplicity, and institutional-quality investment products,” said Scott Wachs, Global Head of Liquidity Product at Morgan Stanley Investment Management. “We are pleased to expand our partnership with Mercury by making the MSIFT Ultra-Short Strategy Portfolio (MCRYX) available to Mercury customers.”
State Street Partnership Adds Cash Management Options
State Street Investment Management also highlighted the changing requirements of modern businesses. The company emphasized predictability, reliability, and transparency in business cash management.
“More than ever, today’s businesses require cash management solutions that are predictable, reliable, and transparent,” said Kim Hochfeld, Senior Managing Director, Global Head of Cash, Securities Lending and Digital Assets at State Street Investment Management. “We are thrilled to partner with Mercury, whose intuitive platform is redefining treasury management for modern companies. Combined with our cash management capabilities, this partnership will help our shared clients utilize high-quality liquidity solutions with greater transparency and operational efficiency.”
Mercury plans to expand its Treasury capabilities further later this year. The company will introduce Treasury Ladders for customers seeking more precise cash planning. The upcoming feature will allow customers to structure cash across individual US Treasury securities. It will also help businesses plan around future financial requirements.
Through Mercury’s platform, customers will gain greater visibility into business cashflows. They will also be able to build portfolios based on their specific financial outlook. The expansion strengthens Mercury’s focus on integrated treasury management. It also gives startups and scaling companies additional ways to manage corporate liquidity.
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News Source: Businesswire.com
