Goldman Sachs opens $100B Treasury fund to crypto firms via Avalanche network Lynq
What's the deal? Goldman SachsDealroom has a profile for this one. Try Dealroom → is making its roughly $100 billion Financial Square Treasury Instruments Fund (FTIXX) available to eligible institutional digital-asset firms through LynqDealroom has a profile for this one. Try Dealroom →, a private, permissioned AvalancheDealroom has a profile for this one. Try Dealroom → Layer 1 settlement network. Qualified US participants can now access the existing Treasury money-market fund through infrastructure built for digital-asset trading and settlement. tZERO Securities, an SEC-registered broker-dealer, will handle access.
What's the endgame? The use case is treasury management. Digital-asset firms hold substantial cash between trades, and Lynq lets them place idle cash into FTIXX and redeem it when they need funds for other transactions.
Why now? tZERO said the addition expands Lynq's treasury and cash-management capabilities, letting an established financial product run alongside infrastructure built for traditional and digital assets. FTIXX invests in US Treasury obligations and held about $105.3 billion in net assets at the end of August; its institutional shares accounted for roughly $97.3 billion.
One key distinction: FTIXX is not becoming a tokenized asset. Goldman keeps the fund in its existing structure, with Lynq acting only as a new access and settlement channel. That sets it apart from rivals that have created blockchain-based money-market funds where the shares themselves are represented by tokens.
Lynq runs on a private, permissioned Avalanche Layer 1 — not Avalanche's public blockchain — designed for institutional settlement with controls around privacy, access, and transaction processing. The network has more than 30 institutional firms onboarded, including B2C2, Wintermute, Galaxy, FalconX, Crypto.com, and Fireblocks.
The signal: The move shows major banks connecting long-established products to crypto infrastructure without rebuilding them as tokens. By treating blockchain as a settlement rail rather than a wrapper, Goldman signals a cautious path for institutional finance to meet digital-asset markets.
Read more: usethebitcoin.com
Image credit: Generated with Gemini
