Goldman's $100B fund just went onchain (sort of)

No blockchain required. Goldman just plugged its $100B Treasury fund into crypto's settlement infrastructure. Plus: Senate Dems call Tether a lifeline for Iran, and AI agents could trigger a bank run. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monday, September 28, 2026 Goldman Sachs brings $100 billion Treasury fund into crypto's institutional plumbing Goldman's roughly $100 billion FTIXX Treasury fund is coming to institutional crypto firms through Lynq, a settlement network used by digital-asset companies — without being tokenized. Rather than building a blockchain product like BlackRock's BUIDL or Franklin Templeton's BENJI, Goldman is using Lynq as a new distribution channel for an existing traditional fund. Firms like B2C2, Wintermute, Galaxy, and Fireblocks can now park idle cash in FTIXX between trades and earn yield, with trades handled by SEC-registered broker-dealer tZERO Securities. It's a template for how Wall Street might enter crypto infrastructure without touching a blockchain at all. 2-minute read → Policy Tether is a 'lifeline' for Iranian regime, Senate Dems say in new report Democrats on the Senate's Permanent Subcommittee on Intelligence published a report Monday alleging that USDT has become a key tool for Iran to bypass sanctions — with an estimated $2 billion in government transactions last year alone. The report says Tether "repeatedly failed" to block Iran-connected wallets and that prior to 2024, the company didn't consistently freeze wallets designated by counter-terrorism agencies. Tether responded by listing nearly $550 million in Iran-linked freezes it says it has supported at U.S. authorities' request. 2-minute read → Markets AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns Apollo Chief Economist Torsten Slok warned Sunday that AI assistants like Meta's Muse could trigger a slow-motion bank run — automatically sweeping household cash from checking accounts earning 0.1% into high-yield alternatives paying 3–5%. If widely adopted, that shift could drain the cheap deposits banks rely on to make loans, threatening the broader financial system. Crypto is already building the payment rails these agents would need: Coinbase's x402 protocol has processed over 200 million transactions across 69,000 active agents. 2-minute read → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.