Goldman Sachs Makes $100 Billion Treasury Fund Accessible via Crypto Settlement Network
Goldman Sachs connects $100B fund to crypto networks
Goldman Sachs is making its approximately $100 billion Treasury fund available to institutional digital-asset firms through a new distribution channel. The bank is not creating a tokenized version of the fund. Instead, it is using Lynq, a settlement network designed for crypto companies, to offer access to the traditional fund.
The fund, known as FTIXX, will be distributed through Lynq with trades executed by tZERO Securities, an SEC-registered broker-dealer. This marks the first time an outside fund has been offered on the Lynq network, which previously hosted only one investment product.
How the arrangement differs from tokenized funds
- Unlike BlackRock's BUIDL or Franklin Templeton's BENJI, Goldman Sachs is not issuing tokens representing shares of the fund.
- Lynq serves as a bridge, allowing crypto firms to access the existing traditional fund within their current workflows.
- Clients can deposit cash into FTIXX between trades to earn yield and withdraw funds when needed.
- The move avoids the need for Goldman Sachs to build a new blockchain-specific product.
What Lynq CEO says about the launch
Jerald David, the CEO of Lynq, stated in an interview that there is a growing convergence between traditional market participants and digital asset firms. He noted that clients had requested a treasury asset on the platform with a different yield profile than existing options. The addition of FTIXX was intended to demonstrate client demand and provide a place for firms to put idle cash to work.
Technical requirements and network details
To integrate FTIXX, Lynq modified its technology and restricted access to U.S. clients only. The integration also required connecting with Mosaic. Customers must establish a relationship with tZERO Securities and pass specific onboarding and eligibility checks. Lynq operates on a private, permissioned Avalanche Layer 1 blockchain and currently has over 30 institutional firms onboarded with more than $89 million in assets.
Why this matters for crypto institutions
This development provides digital-asset firms with a way to manage liquidity between trades. Companies like B2C2, Wintermute, Galaxy, FalconX, Crypto.com, and Fireblocks use Lynq to move large sums of money. The ability to earn yield on cash reserves during downtime addresses a specific operational need for these high-volume traders.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.