Goldman Sachs Brings Treasury Fund to Avalanche via Lynq
The integration of Goldman Sachs' Treasury fund onto Lynq, a permissioned platform built on Avalanche, marks a significant move towards bridging traditional finance and blockchain networks.
Lynq enables institutions to access Treasury products within the same infrastructure they use for trading and settling cryptocurrencies, minimizing the need to switch between separate financial networks.
Goldman Sachs' entry onto Lynq, which currently serves over 30 major names in the institutional crypto space, supports the tokenization of real-world assets (RWAs) on Avalanche.
Avalanche's RWA market capitalization has seen a $266 million increase in the past month, surpassing combined growth on competitor chains.