Goldman Sachs offers $100B Treasury fund to crypto firms via Lynq

Goldman Sachs is making its roughly $100 billion Treasury fund, FTIXX, available to institutional digital-asset firms through Lynq, a settlement network that runs on a private, permissioned Avalanche Layer 1. Unlike BlackRock's BUIDL and Franklin Templeton's BENJI, FTIXX is not being tokenized — Lynq instead serves as a new distribution channel letting crypto firms park cash between trades and earn yield until they need to deploy it.

• FTIXX is the first outside fund offered on Lynq, which has 30+ institutional firms onboarded and $89 million+ in assets; trades are handled by SEC-registered broker-dealer tZERO Securities.
• Access is restricted to U.S. clients, who must also have a relationship with tZERO Securities and pass eligibility checks.
• Lynq's network includes firms such as B2C2, Wintermute, Galaxy, FalconX, Crypto.com and Fireblocks, which needed to modify their tech and integrate with Mosaic to add the fund.