Goldman Sachs' $100B Treasury fund goes live on Lynq
Goldman Sachs' roughly $100 billion Treasury fund, FTIXX, is now live on Lynq, the settlement network built on a permissioned Avalanche Layer 1 — the first outside asset manager on the network. The fund is not being tokenized; Lynq instead serves as a new distribution channel giving institutional digital-asset firms a place to park cash between trades and earn yield until they need to deploy it.
- Lynq has 30+ institutional firms onboarded and $89M+ in assets, with trades handled by SEC-registered broker-dealer tZERO Securities.
- Access is restricted to eligible U.S. clients; network participants include B2C2, Wintermute, Galaxy, FalconX, Crypto.com and Fireblocks.
- Lynq CEO Jerald David, announcing the fund on CoinDesk's Public Keys show at the NYSE, said builders with TradFi-grade risk management "are finding themselves in a good place."
Sources
- NEW: Goldman Sachs' $100B treasury fund is now on @Lynq_Network, the first outside asset manager on the network. CEO Jerald David says builders with TradFi-grade risk management "are finding themselves in a good place." https://t.co/Ej48OozefWx.com ↗
- Goldman Sachs' $100B treasury fund is now available on @Lynq_Network. On CoinDesk's Public Keys at the @NYSE, Lynq CEO Jerald David breaks down how FTIXX is coming to the network, Twenty One Capital's Raphael Zagury on building a Bitcoin operating company around 43,500+ BTC, and https://t.co/4MF3e1AZPgx.com ↗
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