Timeline
- 8.0
Goldman Sachs brings treasury fund FTIXX onto Avalanche permissioned chain Lynq
Avalanche said in a post that Goldman Sachs is bringing its roughly $100 billion treasury fund FTIXX onto Lynq, a private permissioned L1 deployed on Avalanche. Trading of the fund will be handled by licensed broker tZERO Securities and is initially open only to eligible US clients, who must complete onboarding with both Lynq and tZERO. It extends the tokenization of traditional fixed-income products by a top-tier bank onto a permissioned chain that Avalanche says is already connected to more than 30 institutional participants. Lynq is described as a private permissioned L1 deployed on Avalanche, with B2C2, Wintermute, Galaxy, FalconX and Fireblocks among the more than 30 institutions already onboarded. Access to FTIXX on Lynq is limited to eligible US clients and requires onboarding with both Lynq and tZERO.
- 7.5
Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing
Goldman Sachs is offering its roughly $100 billion Treasury fund, FTIXX, to institutional digital-asset firms through Lynq, a settlement network used by crypto companies, with trades handled by SEC-registered broker-dealer tZERO Securities. It is the first outside fund offered on Lynq, and unlike BlackRock's BUIDL or Franklin Templeton's BENJI, the fund is not being tokenized — Lynq serves as a new distribution channel for the existing fund. The arrangement gives institutional crypto firms a yield-bearing place to hold trading cash between trades without requiring Goldman Sachs to build a tokenized blockchain product, reflecting what Lynq CEO Jerald David described as a convergence between traditional and digital-asset market participants. Getting FTIXX onto the network required Lynq to modify its technology, restrict access to U.S. clients and integrate with Mosaic, and customers also need a relationship with tZERO Securities plus onboarding and eligibility checks. Lynq runs on a private, permissioned Avalanche (AVAX) Layer 1 and says more than 30 institutional digital-asset firms are onboarded with more than $89 million in assets.