Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing
The bank is bringing its roughly $100 billion Treasury fund to institutional crypto firms without creating a tokenized version of it.
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Summary
- Goldman Sachs’ FTIXX is the first outside fund offered on Lynq, giving institutional digital-asset firms a new way to access the traditional Treasury fund.
- Unlike BlackRock’s BUIDL and Franklin Templeton’s BENJI, FTIXX isn’t being tokenized, with Lynq instead serving as a new distribution channel for the existing fund.
- Lynq clients can put cash into FTIXX between trades and earn yield until they need to deploy the money elsewhere.
