Goldman Sachs Offers FTIXX Treasury Fund Through Lynq Without Tokenizing It
Goldman Sachs is distributing its Financial Square Treasury Instruments Fund (FTIXX) through Lynq, a settlement network, with tZERO Securities handling trades and no tokenized version.
Why it matters
Trading firms can park cash between deals in a money market fund without leaving the settlement rails they already run, and the fund reaches them without a tokenized share class. Lynq says the network counts more than 30 institutional clients and over $89 million in assets, and Unchained reports FTIXX held about $105 billion in net assets at the end of August.
Key facts
Goldman Sachs is making FTIXX available through Lynq to qualified U.S. digital-asset firms.
Reported by CoinDesk
Trades in FTIXX are handled by tZERO Securities, an SEC-registered broker-dealer.
Reported by CoinDesk
The fund is not being tokenized and its shareholder register is not moving onto a public blockchain.
Reported by CoinDesk
CoinDesk contrasts Goldman's approach with tokenized offerings from BlackRock and Franklin Templeton.
Reported by CoinDesk
CoinDesk, Bitcoin.com News and NewsBTC describe FTIXX as a roughly $100 billion fund.
100,000,000,000 USDDisputed figureReported by CoinDesk
Unchained reports FTIXX held about $105 billion in net assets at the end of August, per Goldman's latest monthly SEC filing.
105,000,000,000 USDDisputed figureReported by Unchained
FTIXX is the first outside fund offered on Lynq, and Lynq CEO Jerald David described it as the network's second investment product that clients had requested.
Reported by CoinDesk
Access is limited to qualified U.S. participants and remains subject to eligibility and onboarding, so it is not a retail product.
Reported by Unchained
What happened
Goldman Sachs is making its Financial Square Treasury Instruments Fund (FTIXX) available to qualified U.S. digital-asset firms through Lynq, a settlement network built by Arca Labs, Tassat and tZERO on a private Avalanche layer 1, with trades handled by SEC-registered broker-dealer tZERO Securities. CoinDesk and Bitcoin.com News put the fund at roughly $100 billion, while Unchained reports about $105 billion in net assets at the end of August, citing Goldman's latest monthly filing with the SEC. FTIXX is not being tokenized and its shareholder register stays off a public blockchain, which separates Goldman from BlackRock's BUIDL and Franklin Templeton's BENJI. Unchained reports FTIXX is the first outside fund on Lynq, and Lynq CEO Jerald David called it the network's second investment product, saying clients had asked for a treasury asset with a different yield profile from the instrument already there. Firms can hold the fund between trades, earn Treasury yield and redeem when they need the cash, though access is limited to qualified U.S. participants rather than being open to retail investors. Bitcoin Insider carried the same news while citing Crypto News Australia, Coindoo and UNLOCK Blockchain, and described the access as reportedly opened, without naming Lynq or tZERO.
How the story developed
- First report
First report by CoinDesk
Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing
- Update
CoinDesk reports FTIXX coming to Lynq without a tokenized version
The first report describes Lynq as a distribution channel for the existing fund.
- Independent corroboration
Independently corroborated by Unchained
tZERO Brings Goldman Sachs’ $105 Billion Treasury Fund to Crypto Settlement Network Lynq
- Official statement
tZERO announces FTIXX for qualified U.S. participants on Lynq
The broker-dealer says it will provide the regulated capabilities needed to make the fund available.
- Update
Unchained reports FTIXX net assets of about $105 billion at end of August
The figure is attributed to Goldman's latest monthly filing with the SEC.
- Update
Lynq CEO Jerald David says clients had asked for a treasury asset with a different yield profile
He also called FTIXX the network's second investment product.
- Official statement
Official statement from Bitcoin.com News
Goldman Sachs Just Put a $100B Treasury Fund on Avalanche Rails
- Update
Bitcoin.com News describes Lynq as a permissioned Avalanche layer 1
It frames FTIXX as a cash-management option sitting alongside the settlement workflow.
- Update
NewsBTC dates the confirmed development to September 29, 2026
The item adds no figures or named parties beyond the $100 billion fund reference.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 28 Sept 2026, 18:00 UTC: CoinDesk — 1 independent source, 1 reports
- 28 Sept 2026, 22:09 UTC: Unchained — 2 independent sources, 2 reports
- 29 Sept 2026, 08:38 UTC: Bitcoin Insider — 3 independent sources, 3 reports
- 29 Sept 2026, 15:45 UTC: Bitcoin.com News, official — 4 independent sources, 5 reports
- 30 Sept 2026, 15:00 UTC: NewsBTC — 5 independent sources, 6 reports
Affected entities
Also mentioned: Chainlink, Crypto.com, Commodity Futures Trading Commission, Bitwise
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Goldman Sachs Just Put a $100B Treasury Fund on Avalanche Rails | Independent | |
| CoinDesk Crypto media | Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing | Original | |
| Unchained Crypto media | tZERO Brings Goldman Sachs’ $105 Billion Treasury Fund to Crypto Settlement Network Lynq | Independent | |
| NewsBTC Crypto media | Goldman Sachs Connects $100 Billion Treasury Fund To Crypto Institutional Rails | Independent | |
| NewsBTC Crypto media | RockawayX Acquires NY Hedge Fund Relayer To Expand Crypto Empire Past $2 Billion | Syndicated | |
| Bitcoin Insider Aggregator | Goldman Sachs Opens $100B Treasury Fund to Crypto Firms, Skips Tokenization | Syndicated | |
| Bitcoin Insider Aggregator | Goldman Sachs Brings $100 Billion Treasury Fund to Lynq Settlement Network | Syndicated |
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