Goldman Sachs Brings $100 Billion Fund to Crypto Firms via Lynq

Goldman Sachs has partnered with Lynq, a settlement network for crypto firms, to offer its $100 billion Treasury fund 'FTIXX' to institutional investors. The fund will be made available through tZERO Securities, an SEC-registered broker-dealer, which will handle trade execution.

Lynq serves as a bridge between traditional finance and the digital asset market, providing access to FTIXX for over 30 institutional crypto firms. This move is distinct from the blockchain-based fund development pursued by Wall Street, where companies like BlackRock have launched tokenized funds like 'BUIDL'.

FTIXX maintains its conventional fund structure without blockchain-based record-keeping, while enabling access to crypto firms through Lynq as a new distribution channel. This allows Goldman Sachs to reach a new customer base of digital asset companies while preserving the existing form of its traditional fund.