Goldman Sachs brings $100B Treasury fund to Avalanche via Lynq
by@avax
Summary
Goldman Sachs is set to launch its $100 billion flagship Treasury fund on the Avalanche platform, specifically through Lynq, a private, permissioned layer one blockchain. This initiative allows over 30 institutional digital asset firms, such as B2C2 and Wintermute, to utilize their existing infrastructure to manage cash between trades and earn yield. The integration underscores the advantages of using permissioned Avalanche L1s, which enable major banks to offer traditional financial products seamlessly within the blockchain environments already embraced by crypto-native institutions.
Analysis
B2C2: B2C2 is an institutional digital asset trading and liquidity provider serving professional clients in crypto markets. It participates in Lynq as one of the approved institutional users gaining access to the new fund offering. Lynq: Lynq is a private, permissioned Layer 1 blockchain built on Avalanche and operated for institutional digital asset participants. It serves as the specific venue for offering the Goldman Sachs Treasury fund to firms already active in its ecosystem. Galaxy: Galaxy is a financial services firm specializing in digital asset management, trading, and investment solutions for institutions. It utilizes Lynq to engage with blockchain-based Treasury products from established banks. FalconX: FalconX is an institutional prime brokerage and trading platform for digital assets. Its presence on Lynq supports the broader ecosystem for placing institutional cash into yield-bearing Treasury instruments on-chain. Avalanche: Avalanche is a blockchain platform designed for high throughput and customizable subnets suited to institutional and DeFi applications. The news centers on its role as the base layer for Lynq, enabling secure on-chain Treasury fund access for major financial players. Fireblocks: Fireblocks provides secure custody and settlement infrastructure for digital assets used by institutions and exchanges. It enables safe participation in Lynq's permissioned environment for the Goldman Sachs fund rollout. Wintermute: Wintermute is an institutional-grade crypto market maker and trading firm focused on liquidity and OTC services. It is integrated into the Lynq network alongside other firms for streamlined institutional operations on Avalanche. Goldman Sachs: Goldman Sachs is a leading global investment bank offering a wide range of financial services including asset management and institutional trading. It is expanding access to its flagship Treasury fund by making it available on blockchain infrastructure tailored for institutions. Treasury Yield Access: The integration enables institutions to generate returns on cash holdings while remaining inside familiar digital asset platforms and custody setups. Institutional Infrastructure: Permissioned Avalanche L1s like Lynq allow major banks to offer traditional products directly within the blockchain environments already used by crypto-native institutions.
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