Goldman Sachs $105B Fund Uses Avalanche Chain for Settlement
Avalanche (AVAX)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that broker tZERO announced on September 28, 2026, that qualified US firms can now subscribe to and redeem shares in the Goldman Sachs Financial Square Treasury Instruments Fund. These transactions utilize the Lynq settlement network, which operates on a private, permissioned Avalanche blockchain. This marks the first third-party fund to join the platform, with the fund holding net assets of approximately $105 billion as of late August.
The announcement clarifies that the fund is not being tokenized; instead, ordinary institutional share classes are recorded on Lynq. Goldman Sachs retains the fund's existing structure, using Lynq solely as an additional access and settlement route. Consequently, the $105 billion fund is not tradeable on a public chain as some might assume.
The price of Avalanche was recorded at $11.34 on Tuesday evening. This valuation represented a 6.9 to 8.8 percent increase over the previous day. The data for these price movements was measured against sources including Kraken and Coinpaprika.
How the market reacted
Whalio's own Binance spot order flow for AVAX, measured when this story was written up on 30 September 2026. Not the outlet's figures.
Whalio data shows AVAX trading at $11.44, with a 1-hour buy ratio of 47.7% and a 4-hour buy ratio of 59.4%. The 24-hour buy ratio stands at 53.1%, indicating that buying pressure is building over the longer timeframe compared to the immediate hour. Volume delta reflects this shift, showing a negative $114,144 in the last hour but a positive $1,826,981 over four hours. Over 24 hours, the volume delta is +$7,498,304, with cumulative buying pressure reaching +$10,143,615 by the close. Net buying occurred for 19 of the last 24 hours, supporting a spot volume of $118,483,101 across 990,388 trades.
The latest daily buy ratio of 48.6% sits at the 40th percentile of the last 323 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for AVAX, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.1%, making the latest day's performance 3.1 points higher than that average. Trading volume reached 2.20 times the weekly average, signaling an unusual level of activity. Net buying was recorded on 4 of the 7 days, contributing to a total volume delta of +$5,899,959 for the period. This contrasts with the 24-hour volume delta of +$7,498,304, suggesting sustained interest. The price change over eight days was +1.1%, reflecting modest but consistent growth against the weekly baseline.