The financial giant is leveraging its approximately $100 billion Treasury fund to support institutional crypto entities without creating a tokenized version.
By Helene Braun|Edited by Cheyenne LigonUpdated Sep 28, 2026, 2:22 p.m. EDTPublished Sep 28, 2026, 2:00 p.m. EDT2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Goldman Sachs’ FTIXX is the first external fund available on Lynq, providing institutional digital-asset firms a new access point to the traditional Treasury fund.
- Unlike BlackRock’s BUIDL and Franklin Templeton’s BENJI, FTIXX will not be tokenized, as Lynq facilitates a distribution channel for the existing fund.
- Clients using Lynq can deposit cash into FTIXX between trades to earn yield until they need to allocate the funds elsewhere.
Goldman Sachs is making its substantial Treasury fund accessible to digital-asset firms without developing a tokenized version.
The bank's FTIXX fund, valued at around $100 billion, is set to be offered through a new distribution method targeted at institutional crypto firms.
This fund will be available via Lynq, a settlement network utilized by digital asset companies, where trades will be executed by the SEC-registered broker-dealer tZERO Securities. This marks the first time an external fund has been introduced on Lynq, which previously featured only one investment product.
Goldman's approach contrasts with many of Wall Street's recent initiatives in blockchain funds. While BlackRock has created BUIDL as a tokenized option, and Franklin Templeton provides tokenized shares of its money market fund through BENJI, Goldman’s FTIXX remains a traditional fund, with Lynq offering digital-asset firms another avenue for access.
The key difference is that Goldman Sachs does not need to develop a new blockchain product to engage with crypto firms. Lynq aims to integrate an established Wall Street fund into the existing workflows that these firms employ for financial transactions.
“We’re witnessing a convergence between traditional market participants and those in the digital asset space,” noted Lynq CEO Jerald David in a discussion with CoinDesk TV.
For companies utilizing Lynq, FTIXX provides a place to invest cash between trades rather than allowing it to remain idle. They can earn returns on these funds and withdraw them when necessary.
This was a service that Lynq's clients had requested, according to David. The network collaborates with firms like B2C2, Wintermute, Galaxy GLXY$23.62, FalconX, Crypto.com, and Fireblocks, which often need to transfer large sums of money between trades. They sought additional options for optimizing that cash temporarily.
“We needed to show that there was client demand,” David stated. “Our clients were searching for a treasury asset on the platform that might offer a different yield profile than the alternative currently available.”
Integrating FTIXX into the network required considerable effort. Lynq had to adjust its technology, limit access to U.S. clients, and collaborate with Mosaic, he explained. Customers must also have a relationship with tZERO Securities and pass the necessary onboarding and eligibility assessments.
Lynq operates on a private, permissioned Avalanche (AVAX) Layer 1 blockchain and currently has over 30 institutional digital-asset firms onboarded, managing more than $89 million in assets, according to the company.
Newsletters
Crypto Daybook Americas - The latest moves in crypto markets, in contextMarket analysis for crypto traders and investors.PreviewSign upBy signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.“The Link platform is now multi-asset capable,” David remarked. “We’re thrilled that FTIXX, Goldman Sachs's flagship treasury fund, is now the second asset available for institutional clients.”
Related StocksGalaxy Digital Inc. Class A Common Stock$23.62-2.58%Latest Crypto News- 1The restaking gold rush is over, and top protocols are barely making a profit2 hours ago
- 2Tether is a ‘lifeline’ for Iranian regime, Senate Dems say in new report2 hours ago
- 3AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns5 hours ago
- 4Chainlink launches new version of its crypto bridge tech 'CCIP' to give apps more control over their security6 hours ago
- 5THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin6 hours ago
- 6Traders aren't panicking yet despite cooling crypto sentiment7 hours ago
- 7Crypto-friendly institution Franklin Templeton brings its tokenized collateral service to Bybit8 hours ago
- 8Bitcoin falls to $83,000 while altcoins unwind Friday's rally8 hours ago
- 9Live updates: Bitcoin pulls off worst levels as oil dips on Iran deal hopes8 hours ago
- 10Eyes on key U.S. employment data as crypto bulls take a breather: Crypto Week Ahead9 hours ago
The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
By CoinDesk ResearchSep 15, 2026Commissioned byRippleAs stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
View Full ReportMore From Markets