Goldman Sachs Integrates $105 Billion Money Market Fund with Avalanche
tZERO has enabled eligible U.S. institutional clients to access the Goldman Sachs Financial Square Treasury Instruments Fund (FTIXX) via the Lynq network, which is built on the Avalanche blockchain. The integration aims to modernize the distribution and management of the fund, which holds approximately $105 billion in net assets, without tokenizing the fund shares themselves. The service is designed to allow digital asset trading firms to deploy idle cash into U.S. Treasury securities.
Summaries are written by AI from the original article. Not investment advice.