Goldman Sachs Brings $100B Treasury Fund to Digital-Asset Firms via Lynq

Goldman Sachs has partnered with Lynq to offer its $100 billion Financial Square Treasury Instruments Fund (FTIXX) to institutional digital-asset firms. FTIXX is a government money-market fund that invests in U.S. Treasury obligations, and it's available through Lynq, a private, permissioned Avalanche Layer 1 settlement network.

The integration allows eligible institutions using Lynq to place available cash into FTIXX between trades and redeem their investment when they need the funds for other transactions. This gives digital-asset firms another way to manage cash that might otherwise remain unused between settlements.

Lynq's CEO, Jerald David, said the network's clients had requested a Treasury product with a different yield profile from the investment product already available on the platform.