Goldman Sachs Lists $100 Billion Bond Fund on Digital Asset Settlement Network
Goldman Sachs has added its $100 billion bond fund FTIXX to the digital asset settlement network Lynq, providing institutions with a new route for purchasing cryptocurrencies.
The fund will be listed on Lynq and trading handled by tZERO Securities, an SEC-registered brokerage firm. This marks Lynq's first external fund listing, following only single investment products previously available on the platform.
Unlike many Wall Street-based blockchain funds, FTIXX has not been tokenized, unlike BlackRock's BUIDL or Franklin Templeton's BENJI offerings. Instead, Goldman Sachs has opted to keep FTIXX in its traditional fund form, with Lynq simply providing a new entry point for digital asset companies.
Lynq CEO Jerald David notes that there is growing convergence between traditional market participants and those in the digital assets space. For institutions using Lynq, FTIXX offers a place to store cash and earn returns during trading intervals, redeemable when needed.