BTC $83,010 -1.08% ETH $2,666 -0.13% BNB $757.51 -2.42% XRP $1.48 -2.38% SOL $117.11 -3.48% BTC $83,010 -1.08% ETH $2,666 -0.13% BNB $757.51 -2.42% XRP $1.48 -2.38% SOL $117.11 -3.48%
Markets Via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

Goldman Sachs Offers $100 Billion Treasury Fund to Crypto Firms via Lynq

60dbe787741b3cbc62bdc5cb2d6cb94fbe3ea9ea-5800×3868-1

Goldman Sachs Treasury fund — Goldman Sachs is making its roughly $100 billion Treasury fund available to institutional crypto firms through the Lynq settlement network, providing a new channel for digital-asset companies to access traditional finance.

The Goldman Sachs Financial Square Treasury Instruments Fund (FTIXX) will be offered to Lynq’s institutional clients, with trades handled by the SEC-registered broker-dealer tZERO Securities. This marks the first time an external fund has been made available on the Lynq platform, which is used by digital-asset firms for settlement.

Unlike other high-profile tokenized Treasury funds like BlackRock’s BUIDL, Goldman’s approach does not involve creating a tokenized version of FTIXX. Instead, Lynq serves as a new distribution channel for the existing fund, allowing crypto firms to park cash between trades and earn yield on U.S. Treasury securities.

The move represents a significant step in bridging traditional finance and crypto markets, giving institutional digital-asset players direct access to one of Wall Street‘s largest money market funds without requiring tokenization of the underlying assets.

Original reporting: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data