Goldman Sachs · U.S. Treasury · Wall Street · CoinDesk
Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing
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Goldman Sachs is putting one of its largest Treasury funds within reach of digital-asset firms without creating a tokenized version of it.
Key facts
- The bank’s roughly $100 billion Treasury fund, FTI, is getting a new distribution channel aimed at institutional crypto firms
- The network works with firms including B2C2, Wintermute, Galaxy GLXY $23,20
- Mercado cerrado, FalconX, Crypto
- BlackRock built BUIDL as a tokenized fund, while Franklin Templeton offers tokenized shares of its money market fund through BENJI
- There’s a convergence now that you’re seeing between traditional market participants and digital asset market participants as well,” Lynq CEO Jerald David said TV
Summary
Goldman Sachs’ FTIis the first outside fund offered on Lynq, giving institutional digital-asset firms a new way to access the traditional Treasury fund. Unlike BlackRock’s BUIDL and Franklin Templeton’s BENJI, FTIisn’t being tokenized, with Lynq instead serving as a new distribution channel for the existing fund. Lynq clients can put cash into FTIbetween trades and earn yield until they need to deploy the money elsewhere. The bank’s roughly $100 billion Treasury fund, FTI, is getting a new distribution channel aimed at institutional crypto firms.