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Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing
The fund gives crypto firms a place to earn yield on idle cash between trades without a tokenized share class, Goldman Sachs said.
The bank is bringing its roughly $100 billion Treasury fund to institutional crypto firms without creating a tokenized version of it.
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Goldman Sachs, a major US financial institution, is launching a money market fund worth approximately $100 billion (approximately 15.7 trillion yen, calculated at 1 dollar = 157 yen)... The post Goldman Sachs to offer $100 billion fund on Lynq first appeared on NADA NEWS.
Goldman Sachs incorporated its Treasury fund FTIXX to Lynq as a new way for corporate digital asset companies to invest cash during the intervals in which they do not need to use it. The proposal differs from tokenized funds such as BUIDL and BENJI: FTIXX will remain untokened.
Goldman Sachs now offers the FTIXX fund of about $100 billion to digital asset companies through the Lynq settlement network
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