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.
Goldman Sachs is putting one of its largest Treasury funds within reach of digital-asset firms without creating a tokenized version of it.
The bank’s roughly $100 billion Treasury fund, FTIXX, is getting a new distribution channel aimed at institutional crypto firms.
The fund will be offered through Lynq, a settlement network used by digital-asset companies, with trades handled by SEC-registered broker-dealer tZERO Securities. It is the first outside fund offered on Lynq, which previously had just one investment product on the network.
For firms using Lynq, FTIXX gives them somewhere to put cash between trades rather than leaving it sitting around. They can earn yield on the money and pull it out when they need it again.