What NYCLASS does

NYCLASS (legal name: New York Cooperative Liquid Assets Securities System) is a municipal cooperative investment pool established in 1989 and domiciled in New York, USA. It operates two core pooled investment products — NYCLASS (a government-style local government investment pool with a stable $1.00 NAV) and NYCLASS Prime (launched 2022, a prime-style pool exclusively for New York State counties) — both offering daily liquidity and investing in U.S. Treasuries, agency securities, collateralized bank deposits, and repurchase agreements in accordance with New York State General Municipal Law. The program serves New York State municipal corporations, including counties, cities, towns, villages, school districts, fire districts, and BOCES, and holds the S&P Global Ratings 'AAAm' designation, the highest rating for principal-stability government investment pools.

The technical platform is centered on the NYCLASS GPS Participant Portal, a secure 24/7/365 web-based transaction system that enables registered participants to self-manage accounts via purchases, redemptions, sub-account transfers, participant-to-participant transfers, and forward-dated transaction scheduling with dual-approval workflows. Supporting tools include an Investment Calculator and a Document Center for enrollment and prospectus access. The program is administered by PTMA Financial Solutions as Program Administrator and Investment Advisor, with U.S. Bank as custodian, Cohen & Co. as auditor, and Orrick, Herrington & Sutcliffe as legal counsel.

Commercially, NYCLASS operates as a member-governed cooperative overseen by an elected Governing Board of up to fifteen public finance officials representing five geographic regions. Participation requires majority approval of the governing body of each eligible entity, creating a structured direct-to-government go-to-market motion. The program earns investment management fees on pooled assets, with no banking fees charged to participants, no minimum or maximum investment requirements, and no limit on transaction count. Current yields disclosed are a 3.54% 7-Day Yield and 3.53% Daily Yield as of July 9, 2026, with a Net Asset Value of 1.00003010.

Name

NYCLASS

Legal name

New York Cooperative Liquid Assets Securities System

Website

https://newyorkclass.org

Company type

Private

Founded year

1989

Operating status

Operating

Short description

NYCLASS is a New York State municipal cooperative investment pool offering daily-liquidity, $1.00 NAV government and prime-style funds exclusively to NY municipal corporations, administered by PTMA Financial Solutions and rated AAAm by S&P Global Ratings.

Ownership category

akta.pro rank

Product category

Local Government Investment Pool (Public Funds Management)

NAICS

Public Finance Activities (921130), Trusts, Estates, and Agency Accounts (525920)

akta.pro primary industry

Government Investment Pools & Treasury Funds (FSAAAGAE)

akta.pro secondary industry

Municipal Finance, Treasury, Budget & Procurement (BPAIACAC)

Keywords

• Local government investment pool
• Public funds management
• Municipal cash management
• Short-term liquidity investments
• Government investment services

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others

Revenue model

1. Investment Management Fees: NYCLASS generates revenue through investment management fees charged to participants in the pooled investment fund. The fund invests participant deposits in U.S. Treasuries, repurchase agreements, collateralized bank deposits, and agency securities, with returns distributed to participants net of fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

NYCLASS operates a local government investment pool that provides New York State municipal corporations with daily liquidity and a stable $1.00 NAV by pooling participant deposits and investing in U.S. Treasuries, agency securities, repurchase agreements, and collateralized bank deposits. The program offers two fund vehicles — NYCLASS (government-style) and NYCLASS Prime (prime-style, county-exclusive) — and is administered by PTMA Financial Solutions under oversight of an elected Governing Board.

Product overview

NYCLASS (New York Cooperative Liquid Assets Securities System) is a suite of investment solutions designed for New York municipal corporations. The core offerings consist of NYCLASS (introduced in 1989), a government-style local government investment pool offering daily liquidity with a stable $1.00 NAV, and NYCLASS Prime (introduced in 2022), a prime-style pool exclusively for New York State counties. These are complemented by the NYCLASS GPS Participant Portal for account management, an Investment Calculator tool, and a Document Center for accessing enrollment materials and financials. All offerings are administered by PTMA Financial Solutions and governed by a Board of public finance officials.

Differentiator

Problem solved

Functional benefit

Products and services

• NYCLASS Government-style local government investment pool introduced in 1989, offering daily liquidity with a stable $1.00 NAV. Invests in U.S. Treasuries, repurchase agreements, collateralized bank deposits, and agency securities pursuant to New York State General Municipal Law. Designed for New York State municipal corporations.
• NYCLASS Prime Prime-style local government investment pool exclusively for New York State counties, offering daily liquidity. Invests in U.S. Treasuries, agency securities, collateralized bank deposits, and repurchase agreements pursuant to New York State General Municipal Law.
• NYCLASS GPS Participant Portal Secure, Internet-based transaction system available 24/7/365 for registered NYCLASS participants. Supports purchases, redemptions, transfers between sub-accounts, transfers to other NYCLASS participants, and scheduling of future-dated transactions up to one year in advance. Includes dual approval workflows.

Quantifiable outcome

• NYCLASS 7-Day Yield of 3.54% as of July 9, 2026
• +2 more outcomes

Named customers16 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and supporting.

• PTMA Financial SolutionscoreStrategic or Co-development PartnerPTMA Financial Solutions serves as the Program Administrator and Investment Advisor for NYCLASS. They manage the day-to-day operations of the investment pool, provide investment management services, and administer the Municipal Cooperative Agreement on behalf of the Governing Board.
• U.S. BankcoreOthersU.S. Bank serves as the custodian for NYCLASS assets. The custodian holds the fund's securities and handles safekeeping of investments.
• Cohen & Co.supportingOthersCohen & Co. provides audit services for NYCLASS, conducting annual financial audits of the investment pool.
• Orrick, Herrington & Sutcliffe, LLPsupportingOthersOrrick, Herrington & Sutcliffe, LLP provides legal counsel for NYCLASS, ensuring compliance with New York State General Municipal Law and other regulatory requirements.

Scale indicators1 record

Recent moves7 records

Expansion highlights3 records

Direct peers

• Massachusetts MMDT: The Massachusetts Municipal Depository Trust (MMDT) is the Commonwealth's pooled LGIP for cities, towns, school districts, and authorities. It offers daily liquidity and stable NAV for MA public entities, making it a strong structural peer to NYCLASS in another large northeastern state.
• Pennsylvania INVEST: Pennsylvania INVEST is a local government investment pool operated by the Pennsylvania Treasury for the commonwealth's municipalities and school districts. It serves as a direct analog to NYCLASS, providing pooled investment of public funds with daily liquidity under a state-level statutory framework.
• Texas CLASS: Texas CLASS is a CLASS-branded LGIP serving Texas municipalities, school districts, and special-purpose districts with daily liquidity and a $1.00 NAV. It is a direct peer in the CLASS family of government investment pools, sharing similar product structure, governance model, and target customer base as NYCLASS.
• NYLAF (New York Liquid Asset Fund): NYLAF is another New York-focused local government investment pool serving NY municipal corporations. It is the most direct in-state competitor to NYCLASS, with overlapping participant base (NY counties, cities, school districts) and similar product offering (daily liquidity, stable NAV, government-style investments).
• California CLASS: California CLASS is a CLASS-branded local government investment pool offering daily liquidity and a stable NAV for California municipal entities. It is the closest structural analog to NYCLASS in another large state, operating under a similar pooled-fund, AAAm-rated framework with comparable participant eligibility restrictions.
• New Jersey ARM: NJ ARM (Asset & Rebate Management) is a New Jersey LGIP serving NJ municipal corporations, counties, school districts, and authorities. It is a direct in-region peer to NYCLASS, operating under a similar state-level framework for pooled public-funds investment with daily liquidity.
• CSAFE (Colorado): CSAFE (Colorado Surplus Asset Fund Trust) is a pooled LGIP serving Colorado government entities with daily liquidity and a stable NAV. It is a comparable public-sector investment pool targeting the same type of municipal and special-district participants as NYCLASS.
• Florida CLASS: Florida CLASS is a CLASS-branded LGIP serving Florida municipal entities with daily liquidity. It directly competes with NYCLASS in the same product category (pooled government investment), serving an analogous base of cities, counties, school districts, and special districts under a structurally similar framework.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NYCLASS