Goldman Sachs is making its roughly $100 billion Financial Square Treasury Instruments Fund (FTIXX) available to eligible institutional digital-asset firms through Lynq, a private, permissioned Avalanche Layer 1 settlement network.
The arrangement gives qualified U.S. participants a way to access the existing Treasury money-market fund through infrastructure designed for digital-asset trading and settlement. tZERO Securities, an SEC-registered broker-dealer, will handle access to the fund.
The fund itself is not being converted into a tokenized asset. Instead, Lynq is providing another distribution and settlement channel for the existing Goldman Sachs fund.
Goldman Sachs Adds FTIXX to Lynq
FTIXX is a government money-market fund that invests in U.S. Treasury obligations. The fund had about $105.3 billion in net assets at the end of August, with its institutional shares, which trade under the FTIXX ticker, accounting for about $97.3 billion.
Under the new arrangement, eligible institutions using Lynq can place available cash into FTIXX between trades and redeem their investment when they need the funds for other transactions.
This gives digital-asset firms another way to manage cash that might otherwise remain unused between settlements.
tZERO said the addition expands Lynq’s treasury and cash-management capabilities and allows an established financial product to operate alongside infrastructure designed for traditional and digital assets.
| Detail | Current Information |
| Fund | Goldman Sachs Financial Square Treasury Instruments Fund |
| Ticker | FTIXX |
| Access | Qualified U.S. participants |
| Settlement network | Lynq |
| Blockchain infrastructure | Private, permissioned Avalanche Layer 1 |
Table 1. Key details of Goldman Sachs’ FTIXX integration with Lynq.
FTIXX Is Not Becoming a Tokenized Treasury Fund
The structure differs from tokenized Treasury products already offered elsewhere in the digital-asset market.
Goldman Sachs is keeping FTIXX in its existing fund structure. Lynq is instead acting as a new access point for institutional crypto firms, meaning the fund’s shares are not being represented as a new blockchain token through this arrangement.
That distinction matters because the announcement is about distribution and settlement infrastructure, not creating a new tokenized Goldman Sachs fund.
For comparison, other financial institutions have created blockchain-based versions of money-market funds in which the fund shares themselves are represented by tokens. Goldman’s approach leaves the underlying investment product unchanged while connecting it to a digital-asset settlement environment.
Lynq Uses a Private Avalanche Blockchain
Lynq operates on a private, permissioned Avalanche Layer 1 designed for institutional digital-asset activity.
The network has more than 30 institutional firms onboarded, including B2C2, Wintermute, Galaxy, FalconX, Crypto.com and Fireblocks, according to Lynq. The platform was designed to support institutional settlement while addressing requirements around privacy, access controls, and transaction processing.
Using a permissioned network differs from putting FTIXX directly on Avalanche’s public blockchain, which is one of several smart contract platforms that let developers build applications.
Instead, Avalanche technology provides the underlying blockchain infrastructure for Lynq’s institutional network.
Crypto Firms Can Put Idle Cash to Work
The practical use case is treasury management. Digital-asset trading firms can hold substantial cash while waiting for trades, settlements, or other transactions. Lynq’s integration with FTIXX gives eligible firms an option to place some of that cash into a Treasury fund while retaining access through the same institutional settlement environment.
Lynq CEO Jerald David said the network’s clients had requested a Treasury product with a different yield profile from the investment product already available on the platform.
Access is limited to qualified U.S. participants, and customers must establish a relationship with tZERO Securities and complete the required eligibility and onboarding process.
Goldman Sachs Brings TradFi and Crypto Closer
The FTIXX integration adds another example of traditional financial products being connected to digital-asset infrastructure.
Rather than asking institutional crypto firms to leave their existing trading and settlement environment to manage Treasury investments, Lynq is adding the fund to the same network.
This creates a connection between a large traditional money-market fund and a blockchain-based settlement system without changing the fund itself.
For Avalanche, the development adds another institutional use case for its technology. Lynq’s private network uses Avalanche infrastructure specifically for institutional settlement rather than retail cryptocurrency trading.
What Comes Next
FTIXX is now available through Lynq to eligible U.S. institutional participants, making the fund the first external investment product offered through the network. The next stage will be whether Lynq adds additional traditional financial products as institutional demand for blockchain-based settlement infrastructure grows.
The launch also gives Goldman Sachs another route into digital-asset infrastructure without requiring it to create a new tokenized version of FTIXX.
What This Means for You: The Goldman Sachs development is mainly aimed at institutional crypto firms, not retail investors. FTIXX remains a traditional Treasury money-market fund, while Lynq provides a blockchain-based settlement and distribution channel through its private Avalanche network.
