Goldman Sachs is making its flagship Treasury fund, FTIXX (roughly $100B in assets), available to institutional crypto firms through Lynq, the private, permissioned Avalanche L1 used by 30+ digital-asset firms including B2C2, Wintermute, Galaxy, FalconX, and Crypto.com. Trades are handled by SEC-registered broker-dealer tZERO Securities, marking FTIXX the first outside fund offered on Lynq. The fund itself is not tokenized — Lynq acts as new distribution plumbing for the existing money-market fund, reusing infrastructure rather than changing the product.
- Lynq CEO Jerald David explained the choice, saying Avalanche's multi-chain L1 system — with privacy, speed, customization, and self-sovereignty — is the only place where something like this can exist.
- Lynq modified its technology, restricted access to U.S. clients, and integrated with Mosaic for the listing; clients need a tZERO relationship and must pass onboarding and eligibility checks.
- Lynq reports $89M+ in assets and 30+ firms onboarded; CoinDesk detailed the move in a feature, following Tassat's migration of Lynq's institutional settlement to the L1.