Key Takeaways
Goldman Sachs opened its roughly $100 billion FTIXX Treasury fund to institutional crypto firms on September 28, 2026, through a settlement network called Lynq.
The fund is not tokenized. Lynq acts as a distribution and settlement channel, with SEC-registered broker-dealer tZERO handling trades and the network running on the Avalanche blockchain.
Lynq has onboarded more than 30 firms, including B2C2, Wintermute, Galaxy, FalconX, Crypto.com, and Fireblocks, letting them hold idle cash in Treasuries and earn yield between trades.
Goldman Sachs has opened one of its largest money funds to the crypto industry. The bank made its roughly $100 billion FTIXX Treasury fund available to institutional digital asset firms on September 28, 2026, through a settlement network called Lynq, CoinDesk reported.
The detail that stands out is what Goldman did not do. The fund is not tokenized. Lynq works as a distribution and settlement layer sitting on top of a traditional money fund, with the SEC-registered broker-dealer tZERO Securities handling the trades and the network itself running on the Avalanche blockchain. That makes it a notably conservative way into digital asset markets, keeping the fund inside familiar securities rules while still reaching crypto-native firms.
For crypto trading firms, the appeal is simple. They can park cash between trades in a government Treasury fund and earn yield instead of leaving it idle. Lynq says it has onboarded more than 30 firms, including B2C2, Wintermute, Galaxy, FalconX, Crypto.com, and Fireblocks, with about $89 million in assets on the network so far. Lynq's chief executive framed the shift as traditional finance and digital asset markets converging.
The number to sit with is the $100 billion, and the name attached to it. When a bank like Goldman routes a Treasury fund straight into crypto's settlement plumbing, the line between the two systems keeps thinning. WYDE has watched that same convergence in the UK's largest banks settling interbank tokenized deposits and in SoFi moving its $25 billion card program onto stablecoin settlement. None of this is new on its own. What is new is who keeps showing up. Worth watching which bank moves next.
People Also Ask
What did Goldman Sachs do with its Treasury fund?
On September 28, 2026 it made its roughly $100 billion FTIXX Treasury fund available to crypto firms through the Lynq settlement network, so they can hold cash in Treasuries between trades.
Is Goldman's Treasury fund tokenized?
No. The fund stays a traditional money fund, and Lynq serves as a settlement and distribution channel rather than putting the fund itself on a blockchain.
What is Lynq?
Lynq is a settlement network that runs on the Avalanche blockchain and lets crypto firms hold cash in Treasury funds and earn yield between trades, with tZERO handling the trades.
Why does Goldman opening its fund to crypto matter?
It shows a major Wall Street bank building directly into crypto's cash-management plumbing, another sign of traditional finance and digital asset markets merging.
Sources
CoinDesk, Crypto News, Markets Media.