Goldman Sachs brings Treasury fund to crypto firms
Share
- Goldman Sachs is bringing its roughly $100 billion FTIXX Treasury fund to institutional crypto firms.
- FTIXX will be offered through Lynq, with tZERO Securities handling trades for qualified US participants.
- The existing fund remains non-tokenised while gaining access through digital-asset settlement infrastructure.
Goldman Sachs Group Inc (NYSE) is bringing its FTIXX Treasury fund to institutional crypto firms, with CoinDesk reporting the fund is worth roughly $100 billion.
FTIXX will be offered through Lynq, a settlement network serving digital-asset companies.
“There’s a convergence now that you’re seeing between traditional market participants and digital asset market participants as well,” Lynq CEO Jerald David said in an interview with CoinDesk TV.
SEC-registered broker-dealer tZERO Securities will handle trades for qualified US participants.
FTIXX remains a traditional fund rather than becoming a blockchain-based tokenised product.
Lynq operates on a private, permissioned Avalanche (AVAX) Layer 1 blockchain.
The network has more than 30 institutional digital-asset firms onboarded and over $89 million in assets.
Following the announcement, Goldman Sachs shares closed down 2.05% at $916.28.
