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09/29/2026

Goldman Sachs Opens $100B Treasury Fund Access to Crypto Firms via Lynq

What happened: Goldman Sachs is making its flagship $100 billion Financial Square Treasury Instruments Fund (FTIXX) available to institutional crypto firms through Lynq, a settlement network running o

Goldman Sachs Opens $100B Treasury Fund Access to Crypto Firms via Lynq

What happened: Goldman Sachs is making its flagship $100 billion Financial Square Treasury Instruments Fund (FTIXX) available to institutional crypto firms through Lynq, a settlement network running on a permissioned Avalanche L1. Unlike recent tokenized fund launches, FTIXX will not be tokenized; instead, shares are distributed via Lynq to qualified US clients. Over 30 institutional digital asset firms—including B2C2, Wintermute, Galaxy Digital, FalconX, Crypto.com, and Fireblocks—are participating. Trades are handled by SEC-registered broker-dealer tZERO Securities.

Why it matters: This move marks a significant step in bridging traditional finance and digital asset markets, allowing crypto firms to park idle cash in a regulated Treasury fund without direct tokenization. The approach contrasts with BlackRock and Franklin Templeton’s tokenized offerings, signaling that not all TradFi integrations require blockchain-native assets. For institutional crypto players, access to yield on idle balances could improve capital efficiency and risk management, while also signaling growing comfort from major banks in serving the sector.

Source: CoinDesk