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FTIXX added to institutional digital asset infrastructure

The $100 billion Treasury fund FTIXX, managed by Goldman Sachs, is now available on the Lynq institutional digital asset network. That means companies connected to the network can put cash to work in the fund instead of leaving it idle between trades, and withdraw it when needed.

The move stands out as another step in the convergence between traditional finance players and digital asset firms. In comments to CoinDesk TV, Lynq CEO Jerald David said the product was developed directly in response to customer demand.

Why did customers want this product?

Lynq users had been asking for an additional way to generate yield on cash sitting idle between transactions on the platform. According to David, customers wanted to see a Treasury asset with a different yield profile from the existing instrument available on the platform.

Lynq works with firms including B2C2, Wintermute, Galaxy, FalconX, Crypto.com and Fireblocks. Because these companies’ business models can require large cash movements between trades, short-term cash management is critical.

Technical and regulatory conditions were put in place for the integration

To bring FTIXX onto the Lynq network, the platform’s technology had to be modified, access was limited to U.S. customers, and integration with Mosaic was completed. To use the fund, customers must also establish a relationship with tZERO Securities and complete the required suitability and onboarding checks.

Main steps required for use

  • The relevant integration on Lynq must be active
  • The relationship and account process with tZERO Securities must be completed
  • Suitability and client onboarding checks must be passed

Lynq’s scale and market impact

Lynq runs on a private, permissioned Avalanche Layer 1 blockchain. According to company data, the network includes more than 30 institutional digital asset firms, and assets on the platform are above $89 million.

The addition of FTIXX points to a broader expansion in cash-management tools across the institutional crypto market. For high-volume trading firms in particular, linking traditional Treasury funds to blockchain-based institutional infrastructure could make liquidity more efficient between trades.

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