Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing
The bank is bringing its roughly $100 billion Treasury fund to institutional crypto firms without creating a tokenized version of it.
Source: CoinDesk
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DW NOTE
Goldman is offering FTIXX — its $100 billion Treasury fund — to crypto institutions without tokenising it, using Lynq as a simple distribution rail. The relevant detail: while BlackRock and Franklin Templeton built blockchain products to reach this market, Goldman is treating digital-asset firms as just another client segment that can access a conventional fund through a conventional broker-dealer. No innovation required when the customers come to you.