Goldman has routed its flagship U.S. Treasury money-market fund to a crypto institutional settlement network—but this time it didn’t do tokenization.
Not another “on-chain money-market fund” story. FTIXX (Financial Square Treasury Instruments Fund) was distributed via Lynq; trading went through the SEC-registered broker tZERO Securities. It’s the first external fund on Lynq and the platform’s second investment product.
Don’t mix up scale and scope: CoinDesk wrote it’s about $100B; Unchained reported that, via Goldman’s SEC month-end memo, AUM at the end of August was about $105B, with the institutional share around $97.3B. The same fund also has a Token Shares class, GDTXX, which had only about $10.4K left at month-end. What’s being connected today is the ordinary institutional share—not turning the entire custody fund into a tokenized coin.