--- title: "SEC Filings Detail Goldman Sachs Treasury Fund Structure as tZERO Adds Lynq Integration" description: "Regulatory filings outline the operational profile, share classes, and liquidity mechanisms of Goldman Sachs' $105 billion Treasury Instruments fund connected to settlement network Lynq." url: https://basisdesk.news/news/goldman-sachs-treasury-fund-tzero-lynq-sec-filings published: 2026-09-28T22:21:48.388Z modified: 2026-09-28T22:21:48.388Z section: RWA & Tokenization author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [BTC, ETH] tags: [tzero, goldman-sachs, lynq, treasuries, settlement, rule-2a-7] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # SEC Filings Detail Goldman Sachs Treasury Fund Structure as tZERO Adds Lynq Integration Regulatory filings outline the operational profile, share classes, and liquidity mechanisms of Goldman Sachs' $105 billion Treasury Instruments fund connected to settlement network Lynq. ## Key points - Goldman Sachs Trust reported $105.27B in net assets for its Treasury Instruments fund as of Aug. 31, 2026 [1]. - Institutional Shares comprise over $97.3B of the vehicle, delivering seven-day yields between 3.57% and 3.59% across August 2026 [1]. - Rule 2a-7 mandates require the fund to maintain a stable $1.00 NAV without guarantees of sponsor bailouts or FDIC insurance [2]. ## Editorial remark - **Context:** tZERO's integration of the Goldman Sachs Financial Square Fund with crypto settlement network Lynq bridges traditional short-term cash management and digital post-trade infrastructure. - **Impact:** Institutional participants gain visibility into regulated, cash-equivalent yield instruments across on-chain and off-chain execution boundaries. - **Watch:** Subsequent Form N-MFP monthly filings and trade volume metrics on the Lynq settlement rail. Regulatory filings with the U.S. Securities and Exchange Commission detail the operational parameters and risk guidelines of the Goldman Sachs Financial Square Fund - Treasury Instruments [1], [2]. The portfolio is operated under Goldman Sachs Trust and managed by Goldman Sachs Asset Management, L.P., with The Bank of New York Mellon serving as custodian and Goldman Sachs & Co. LLC acting as distributor [1]. PricewaterhouseCoopers LLP audits the entity from Boston, Massachusetts [1]. According to Form N-MFP3 submitted for the monthly reporting period ending Aug. 31, 2026, the fund held $105,268,288,012.76 in net assets [1]. Across August 2026, the fund's seven-day net yield averaged approximately 3.77% to 3.79% across its standard portfolio disclosures, maintaining a stable net asset value of $1.0000 per share throughout the month [1]. The fund manages multiple distinct tiers of equity capital, including: * Institutional Shares (C000025309), which represent the largest portion with $97,305,353,182.45 in net assets and daily yields between 3.57% and 3.59% [1]. * Administration Shares (C000025310), accounting for $2,247,591,482.43 in net assets, with daily net yields around 3.32% to 3.34% [1]. * Service Shares (C000025311), totaling $1,953,312,063.58 in net assets and yielding roughly 3.07% to 3.09% [1]. * Preferred Shares (C000025312), maintaining $116,352,866.71 in net assets with net yields between 3.48% and 3.49% [1]. ## Portfolio Governance and Settlement Rails The filings detail that under Rule 2a-7 of the Investment Company Act, the fund is restricted strictly to U.S. dollar-denominated securities meeting specific limits regarding portfolio quality, maturity, and liquidity [2]. Disclosures indicate that depository institutions, banking institutions, and broker-dealers account for significant institutional concentrations across the share classes [1]. For instance, depository and banking institutions held 96.99% of Service Shares and more than 40% of Administration Shares as of the reporting date [1]. SEC prospectus disclosures emphasize that investments in the money market vehicle are neither bank accounts nor deposits insured or guaranteed by the Federal Deposit Insurance Corporation [2]. Goldman Sachs Asset Management is under no regulatory obligation to provide financial support or capital infusions during market stress [2]. Principal risks outlined in the registration documentation include interest rate volatility, large shareholder transaction runs, rapid liquidity deterioration, and systemic stable net asset value risks [2]. At the time of writing, broader digital asset markets traded flat to slightly lower, with $BTC at $83,175 and $ETH at $2,673. ## Sources 1. [tZERO Brings Goldman Sachs’ $105 Billion Treasury Fund to Crypto Settlement Network Lynq](https://www.sec.gov/Archives/edgar/data/822977/000119312526384860/primary_doc.xml) — sec.gov, 2026-09-28 2. [tZERO Brings Goldman Sachs’ $105 Billion Treasury Fund to Crypto Settlement Network Lynq](https://www.sec.gov/Archives/edgar/data/822977/000119312525125240/d930108d497k.htm) — sec.gov, 2026-09-28 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai