Goldman Sachs brings $100B Treasury fund to Avalanche via Lynq

Goldman Sachs is plugging its roughly $100 billion FTIXX Treasury fund into the crypto world, but not in the way you might expect. Instead of tokenizing the fund (the approach favored by rivals like BlackRock and Franklin Templeton), Goldman is distributing it through Lynq, a real-time settlement network built on a private, permissioned Avalanche Layer 1 blockchain. How the plumbing works Lynq isn’t turning Goldman’s Treasury fund into a token. FTIXX remains a conventional money-market product, subject to the same regulatory framework it always has been. What Lynq provides is a new distribution rail, one that lets crypto-native trading firms access the fund through blockchain-based settlement rather than legacy financial pipes. Transactions on the platform are processed through tZERO Securities, an SEC-registered broker-dealer. Clients need to pass eligibility checks and maintain a relationship with tZERO to gain access. For now, the offering is limited to eligible US clients. Lynq’s growing client roster Lynq has already onboarded more than 30 institutional clients. The roster reads like a who’s who of crypto market infrastructure: B2C2, Wintermute, Galaxy, FalconX, Crypto.com, an...