Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing

Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Goldman Sachs is putting one of its largest Treasury funds within reach of digital-asset firms without creating a tokenized version of it.

The bank’s roughly $100 billion Treasury fund, FTIXX, is getting a new distribution channel aimed at institutional crypto firms.

The fund will be offered through Lynq, a settlement network used by digital-asset companies, with trades handled by SEC-registered broker-dealer tZERO Securities.

It is the first outside fund offered on Lynq, which previously had just one investment product on the network.

It also takes a different route from much of Wall Street’s push into blockchain-based funds.

BlackRock built BUIDL as a tokenized fund, while Franklin Templeton offers tokenized shares of its money market fund through BENJI.

Goldman’s FTIXX remains the same traditional fund with Lynq giving digital-asset firms another place to access it.

The distinction is that Goldman Sachs doesn’t have to build a new blockchain product to reach crypto firms.

Instead, Lynq is trying to bring an established Wall Street fund into the same workflow those firms already use to move money.

“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 in an interview with CoinDesk TV.

Analiz: Piyasa hareketliliği devam ediyor.