Goldman Sachs is making its roughly $100 billion Treasury fund available to institutional cryptocurrency firms through a new distribution channel, marking a shift in how traditional finance integrates with digital-asset markets.
The bank's FTIXX fund is now accessible through Lynq, a settlement network used by digital-asset companies, with trades handled by SEC-registered broker-dealer tZERO Securities. Lynq clients can deposit cash into FTIXX between trades and earn yield on the funds until they need to redeploy the capital elsewhere.
A Different Approach to Institutional Integration
Unlike other major Wall Street entries into blockchain-based funds, Goldman Sachs is not tokenizing FTIXX. BlackRock's BUIDL and Franklin Templeton's BENJI both operate as tokenized funds, but FTIXX remains a traditional fund with Lynq serving as an additional access point for crypto-focused firms.
This approach allows Goldman Sachs to reach digital-asset participants without building a new blockchain product. Instead, Lynq integrates the established Treasury fund into workflows that crypto firms already use for money movement.
Meeting Client Demand
Lynq CEO Jerald David said the offering addresses client requests for a treasury asset on the platform. Lynq's network includes firms such as B2C2, Wintermute, Galaxy, FalconX, Crypto.com, and Fireblocks—businesses that move large amounts of capital between trades and need options for productive cash deployment.
Integration of FTIXX required modifications to Lynq's technology, restrictions to U.S. clients only, and integration with Mosaic. Customers must establish a relationship with tZERO Securities and complete required onboarding and eligibility checks.
Lynq operates on a private, permissioned Avalanche Layer 1 blockchain and currently has more than 30 institutional digital-asset firms onboarded with over $89 million in assets on the platform.
