2 hours ago
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Three facts before the headline gets ahead of the story
FTIXX is not a new crypto token
It remains Goldman Sachs’ existing Treasury money-market fund.
It remains Goldman Sachs’ existing Treasury money-market fund.
The programme is not a retail wallet product
The announced route is for qualified U.S. participants using Lynq and tZERO Securities.
The announced route is for qualified U.S. participants using Lynq and tZERO Securities.
The immediate use case is operational cash
Firms may be able to keep short-term balances in a yield-bearing fund while remaining connected to their settlement activity.
Firms may be able to keep short-term balances in a yield-bearing fund while remaining connected to their settlement activity.
Goldman is placing FTIXX closer to crypto firms’ cash operations
On September 28, tZERO announced that it would provide the broker-dealer route for qualified U.S. participants to access Goldman Sachs’ Financial Square Treasury Instruments Fund through the Lynq Real-Time Settlement Network.
English (US)