FalconX, a leading provider of cryptocurrency trading and brokerage services for institutional investors, has announced its partnership with Lynq. This collaboration aims to advance real-time interest-bearing settlements and reduce risks for institutional market participants.
FalconX and Lynq Partnership
FalconX has entered into a partnership with Lynq, a real-time interest-bearing settlement network. Lynq has already begun integrating with FalconX via API in preparation for launch. Lynq’s CEO, Jerald David, stated that FalconX will play a crucial role in unlocking liquidity for the network.
FalconX's Market Developments
The partnership with Lynq is part of FalconX's strategic initiatives, which also include collaboration with the global banking group Standard Chartered and acquisition of a majority stake in Monarq Asset Management.
Lynq's Position Among Competitors
The addition of FalconX to Lynq aligns with integrations by industry leaders like Crypto.com and Fireblocks. Lynq, developed by Arca Labs, Tassat Group, and tZERO with backing from Avalanche and U.S. Bank, aims to be an interesting layer for settlements of digital assets and financial institutions.
With FalconX as a partner, Lynq seeks to offer updated solutions for institutional players in the cryptocurrency market, highlighting the growing interest in real-time settlements and risk reduction through blockchain technology.
