Goldman Opens $100 Billion Treasury Fund To Crypto Settlement Network

CoinDesk reports that Goldman Sachs is putting its roughly $100 billion FTIXX Treasury fund onto Lynq, a settlement network used by digital-asset firms, without remaking the fund as a blockchain token.

The move gives institutional crypto companies a new route into an established Treasury product while keeping the underlying fund in its traditional form.

Trades will be handled by tZERO Securities, an SEC-registered broker-dealer, and FTIXX becomes the first outside fund on Lynq after the network previously carried one investment product.

That structure separates Goldman’s approach from some of Wall Street’s better-known experiments with blockchain-based funds.

BlackRock’s BUIDL uses a tokenized format, and Franklin Templeton’s BENJI gives investors blockchain-recorded shares in a money market product.

FTIXX takes the narrower step of entering Lynq’s distribution channel, changing where crypto firms can reach the fund rather than changing what the fund is.

For Lynq, the addition is meant to solve a workflow problem for clients that move cash around between trades.

Digital-asset firms can place idle money into the Treasury fund, earn yield and withdraw it when they need liquidity again.

Lynq CEO Jerald David described the launch as part of a wider convergence between traditional market participants and digital-asset firms.

The customer base gives the change its market-infrastructure relevance.

Lynq works with firms including B2C2, Wintermute, Galaxy, FalconX, Crypto.com and Fireblocks, businesses that can need to shift large balances between trading venues and counterparties.

David said clients had been looking for a Treasury asset on the platform with a different yield profile from the existing instrument.

The technical and compliance path required more than switching on a new menu item.

Lynq changed parts of its stack, made the product available only to U.S. clients and tied the workflow into Mosaic.

Access also depends on tZERO Securities onboarding, including the eligibility checks required before a customer can use the route.

Lynq runs on a private, permissioned Avalanche Layer 1 blockchain and has more than 30 institutional digital-asset firms onboarded, with more than $89 million in assets.

With FTIXX added, the platform becomes multi-asset rather than a single-product settlement rail.

The confirmed result is a hybrid model: Goldman gains crypto-firm distribution for a flagship Treasury fund, while Lynq adds a Wall Street cash-management option without requiring Goldman to issue a new tokenized vehicle.