Goldman Sachs Brings $100 Billion Treasury Fund to Avalanche via Lynq
Cointelegraph highlighted the development in a post on X, reporting that the arrangement will allow institutions to put cash into the Treasury fund between trades and earn yield while keeping access through the infrastructure they already use.
FTIXX Adds Treasury Access for Crypto Firms
FTIXX remains a conventional money-market fund rather than becoming a tokenized asset. The arrangement gives Lynq users another way to deploy cash that might otherwise remain idle between transactions.
According to reporting on the launch, FTIXX is the first external fund made available through Lynq. Institutional customers can place cash into the fund and redeem it when the money is needed for another trade or other activity.
The structure differs from tokenized Treasury products such as BlackRock's BUIDL and Franklin Templeton's BENJI. In Goldman's case, the underlying fund retains its existing structure, while Lynq provides an additional distribution and settlement channel.
Lynq Uses Permissioned Avalanche Infrastructure
Lynq operates on a private, permissioned Avalanche Layer 1 designed for institutional digital-asset activity. The network has more than 30 institutional clients, according to reporting on the launch, including B2C2, Wintermute, Galaxy, FalconX, Crypto.com and Fireblocks.
The network was built to support institutional settlement, where firms may need to move substantial amounts of capital between trades. Providing access to a Treasury fund gives those firms an option for putting unused cash to work while maintaining the ability to access the funds when required.
The Goldman Sachs fund is therefore being connected to existing institutional settlement infrastructure rather than being converted into an on-chain token. The distinction is important because the blockchain component is being used for access and settlement, while FTIXX itself remains a traditional investment product.
Access Remains Limited to Eligible Institutions
The offering is not structured as an open public DeFi product. Reporting on the arrangement indicates that access is currently restricted to eligible U.S. clients, with customers required to complete onboarding and eligibility requirements. tZERO Securities serves as the broker-dealer involved in the transactions.
Lynq CEO Jerald David said clients had been seeking a Treasury asset that could provide another yield profile on the platform. The network's existing institutional customer base includes trading and financial infrastructure firms that regularly need to manage cash between transactions.
The move gives FTIXX a new distribution route into institutional digital-asset markets while keeping the fund itself outside the tokenization model. The fund's availability through Lynq is the next stage of that integration, with eligible institutional customers able to use the network for access to the Treasury product.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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