Goldman Treasury Fund Access
Goldman Sachs opens $100 billion Treasury fund to institutional crypto firms through Lynq.
Anonymous
Goldman Sachs is making its roughly $100 billion short-term Treasury fund, FTIXX, available to institutional crypto firms through Lynq, a settlement network, with trades handled by SEC-registered broker-dealer tZERO Securities. The fund remains a conventional investment product; unlike tokenized offerings from BlackRock and Franklin Templeton, Goldman is using Lynq as a new distribution channel rather than issuing blockchain-based fund shares. The offering is intended to let eligible firms earn yield on cash held between trades while retaining access to funds for trading, and is currently limited to eligible U.S. clients. FTIXX is Lynq’s first outside fund, and the network serves more than 30 institutional digital-asset firms.
Key Points
1
Lynq operates on a private, permissioned Avalanche blockchain, providing the settlement infrastructure through which firms can access FTIXX.
2
Lynq’s participating firms include B2C2, Wintermute, Galaxy, FalconX, Crypto.com and Fireblocks; together, network participants hold more than $89 million in assets on Lynq.
3
Access requires firms to pass eligibility checks and maintain a relationship with tZERO; Lynq also integrated Mosaic and restricted the offering to U.S. clients.
4
Lynq CEO Jerald David said clients had sought Treasury assets with yield characteristics different from existing products, describing a broader convergence between traditional-market and digital-asset participants.
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