Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing
Source: CoinDesk ·
From the source
The bank is bringing its roughly $100 billion Treasury fund to institutional crypto firms without creating a tokenized version of it. Goldman Sachs is putting one of its largest Treasury funds within reach of digital-asset firms without creating a tokenized version of it. The bank’s roughly $100 billion Treasury fund, FTIXX, is getting a new distribution channel aimed at institutional crypto firms. The fund will be offered through Lynq, a settlement network used by digital-asset companies, with trades handled by SEC-registered broker-dealer tZERO Securities. It is the first outside fund offered on Lynq, which previously had just one investment product on the network. It also takes a different route from much of Wall Street’s push into blockchain-based funds. BlackRock built BUIDL as a tokenized fund, while Franklin Templeton offers tokenized shares of its money market fund through BENJI. Goldman’s FTIXX remains the same traditional fund with Lynq giving digital-asset firms another…