Lynq Launches FTIXX to Enhance Cash Management for Institutional Traders
- Lynq’s new product, FTIXX, allows firms to earn yield on cash between trades.
- The network has onboarded over 30 institutional digital-asset firms and manages more than $89 million in assets.
- Clients include major players like B2C2, Wintermute, Galaxy (GLXY), FalconX, Crypto.com, and Fireblocks.
- Access to FTIXX is restricted for U.S. clients and requires a relationship with tZERO Securities.
- Lynq operates on a private Avalanche (AVAX) Layer 1 blockchain.
The introduction of FTIXX addresses client demand for a treasury asset with a distinct yield profile compared to existing instruments. This development signifies the growing convergence between traditional finance and the digital asset market.
With over $89 million in assets managed by Lynq, the launch of FTIXX reflects significant interest from institutional traders seeking efficient cash management solutions.(Source)
