tZERO brings Goldman Sachs' $105 billion Treasury fund to crypto network Lynq
Institutional crypto trading desks can now park idle cash in Goldman Sachs' $105 billion Treasury fund through Lynq, accessing the traditional fund without tokenization.
Crypto trading firms can now park idle cash in Goldman Sachs' flagship Treasury fund via Lynq, an institutional settlement network that runs on a private Avalanche blockchain. tZERO announced Monday that its broker-dealer is bringing the Goldman Sachs Financial Square Treasury Instruments Fund (FTIXX) to qualified U.S. participants on the network, enabling desks to earn Treasury yield on cash between trades and redeem balances as needed.[1][3][5][6]
Rather than issuing a tokenized asset, the integration offers access to the fund's ordinary Institutional share class, which held $97.3 billion of the fund's $105 billion in net assets at the end of August. Lynq Chief Executive Officer Jerald David explained in an interview with CoinDesk that FTIXX is structured as a non-tokenized fund, noting that platform clients specifically asked for a Treasury asset offering a different yield profile than Lynq's existing product. Eligible U.S. participants must complete compliance checks and onboard through tZERO Securities, which executes the trades.[1][2][3][6]
Built by Arca Labs, Tassat, and tZERO, Lynq launched in July 2025 to provide real-time institutional settlement. Goldman Sachs serves as the first outside asset manager on the platform, which currently maintains over $89 million in assets and counts more than 30 institutional crypto firms as participants, including Wintermute, Galaxy, B2C2, FalconX, and Crypto.com.[1][3][4]
Key facts
- tZERO announced it is making the Goldman Sachs Financial Square Treasury Instruments Fund (FTIXX) available to eligible U.S. institutional participants on Lynq.
- FTIXX held roughly $105 billion in net assets at the end of August, with $97.3 billion in the Institutional share class offered on the network.
- The fund is offered as standard Institutional shares on Lynq rather than as a tokenized vehicle.
- Goldman Sachs is Lynq's first outside asset manager, making FTIXX the network's second investment product.
- Lynq is a real-time settlement network built on a private Avalanche blockchain that holds over $89 million in assets and serves more than 30 institutional clients.
- Trading and onboarding eligibility checks on Lynq are administered by broker-dealer tZERO Securities.
Sources · 5 sources
- UN
UnchainedArticle ·
tZERO Brings Goldman Sachs’ $105 Billion Treasury Fund to Crypto Settlement Network Lynq Crypto trading firms can now put idle cash into a Goldman Sachs Treasury money market fund through Lynq , a settlement network that runs on a private Avalanche blockchain. tZERO , whose broker-dealer handles the trades, announced Monday that it is bringing the Goldman Sachs Financial Square Treasury Instruments Fund (FTIXX) to qualified U.S. participants on Lynq. The fund held about $105 billion in net assets at the end of August, Goldman reported in its latest monthly filing with the Securities and Exchange Commission. FTIXX is the first outside fund offered on Lynq. Lynq CEO Jerald David said in an interview that it is the network’s second investment product and that clients had asked for “a treasury asset on the platform that may have had a different yield profile than the other instrument that’s on there right now.” “We needed to demonstrate that there was client demand,” he said. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Cash Between Trades Arca Labs, Tassat and tZERO built Lynq so institutions could settle with one another in real time and earn interest on balances along the way. The network went live in July 2025 with partners including B2C2 , Wintermute , Galaxy , FalconX and Crypto.com . The company counts more than 30 institutional clients and over $89 million in assets on the network. Trading desks often sit on cash between deals, and the fund lets them earn Treasury yield on it and redeem when they need it. Access is limited to U.S. clients, David said. Clients also have to be onboarded by tZERO Securities and pass the required eligibility checks. A Separate Token Class The shares available on Lynq are the fund’s ordinary Institutional class, not a tokenized version. That class held $97.3 billion of the total at the end of August. The same fund also has a Token Shares class, GDTXX, which held about $10,400 . Its May 2025 prospectus said the fund itself didn’t use blockchain technology at the time, and that those shares were expected to be held through intermediaries that “intend to use blockchain technology to maintain a record or a mirror record of share ownership for their customers.” tZERO said in its announcement that the deal shows “regulated financial services working alongside the infrastructure that modern markets require.” Separately, CFTC staff said on Sept. 24 that futures brokers may invest customer funds in tokenized versions of investments they are already allowed to hold. Related Listen: The Chopping Block: Dragonfly’s $650M Fund + Crypto’s Great Resignation + OpenClaw vs Crypto Twitter The post tZERO Brings Goldman Sachs’ $105 Billion Treasury Fund to Crypto Settlement Network Lynq appeared first on Unchained .
Open source - CO
CoinDesk@CoinDeskPost on X ·
Goldman Sachs' $100B treasury fund is now available on @Lynq_Network. On CoinDesk's Public Keys at the @NYSE, Lynq CEO Jerald David breaks down how FTIXX is coming to the network, Twenty One Capital's Raphael Zagury on building a Bitcoin operating company around 43,500+ BTC, and @Bastion CEO Nassim Eddequiouaq on winning conditional OCC approval for a national trust bank charter. Watch with @JennSanasie. Chapters/Timecodes: 00:00 Welcome to Public Keys 00:26 Goldman Sachs' $100B Treasury Fund Comes to Lynq 00:49 Lynq CEO Jerald David Joins 01:23 Why FTIXX Isn't a Tokenized Fund 02:29 Inside the Goldman Sachs Deal 03:34 The Firms Behind Lynq: B2C2, Wintermute, Galaxy, FalconX 05:02 Building for TradFi After Regulatory Clarity 06:10 Why Lynq Chose Avalanche 07:01 The Case for Programmable Privacy 09:01 XXI's New CEO Raphael Zagury Joins 09:38 The Five Pillars and 43,500 Bitcoin 10:53 M&A and the Berkshire Hathaway Model 13:07 Lending Against Bitcoin 14:05 How Zagury Found Bitcoin in 2015 16:33 Where Institutions Stand on Bitcoin Adoption 19:12 Bastion Wins Conditional OCC Trust Bank Charter 19:38 Bastion CEO Nassim Eddequiouaq Joins 20:35 Fintech vs. Federally Regulated Bank 23:53 Inside the Sony Bank Partnership 25:11 Staying Competitive After the Genius Act 26:41 Do We Need All These Stablecoins?
Open source - BS
BSCN@BSCNewsPost on X ·
Crypto trading firms can now park idle cash in a $100B Goldman fund Goldman Sachs' (@GoldmanSachs) roughly $100B FTIXX Treasury fund is now available on Lynq, a private network built on @avax and used by 30+ institutional crypto firms. It's the first outside fund on Lynq, with broker-dealer @tZERO Securities handling trades. The fund itself isn't tokenized, and only eligible US clients can access it. Lynq currently holds over $89M in assets, per CoinDesk.
Open source - CO
CoinDesk@CoinDeskPost on X ·
NEW: Goldman Sachs' $100B treasury fund is now on @Lynq_Network, the first outside asset manager on the network. CEO Jerald David says builders with TradFi-grade risk management "are finding themselves in a good place." https://t.co/Ej48OozefW
Open source - CB
Crypto BriefingArticle ·
Goldman Sachs brings $100B Treasury fund to Avalanche via Lynq Goldman's integration of its Treasury fund with blockchain via Lynq could redefine institutional finance by enhancing liquidity and yield efficiency. The post Goldman Sachs brings $100B Treasury fund to Avalanche via Lynq appeared first on Crypto Briefing .
Open source - CO
CoindeskArticle ·
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.
Open source