Goldman Sachs routed a $100 billion U.S. Treasury money-market fund into the funding pipeline of crypto-asset institutions, but it didn’t issue any tokens.
The fund is called FTIXX. It’s distributed via the Lynq settlement network, and the broker is the SEC-registered tZERO.
Market makers and exchanges can put idle cash between two trades into it to earn interest, and withdraw it at any time.
Lynq runs on a private, permissioned Avalanche L1. Partners include Wintermute, Galaxy, FalconX, Fireblocks, and others. It has been integrated with more than 30 institutions, with assets totaling $89 million.
This is different from BlackRock’s BUIDL and Franklin BENJI’s approach: they turned the fund into an on-chain token, while Goldman keeps the fund unchanged and uses the chain purely as a distribution channel.
Which of the two paths will win will determine whether “tokenization” ultimately needs tokens.
Which route do you favor?
$AVAX
The fund is called FTIXX. It’s distributed via the Lynq settlement network, and the broker is the SEC-registered tZERO.
Market makers and exchanges can put idle cash between two trades into it to earn interest, and withdraw it at any time.
Lynq runs on a private, permissioned Avalanche L1. Partners include Wintermute, Galaxy, FalconX, Fireblocks, and others. It has been integrated with more than 30 institutions, with assets totaling $89 million.
This is different from BlackRock’s BUIDL and Franklin BENJI’s approach: they turned the fund into an on-chain token, while Goldman keeps the fund unchanged and uses the chain purely as a distribution channel.
Which of the two paths will win will determine whether “tokenization” ultimately needs tokens.
Which route do you favor?
$AVAX