The digital asset settlement platform Lynq has begun integrating its first institutional clients, reflecting the growing interest in innovative financial tools.
Launch of Lynq Platform
Lynq, a new digital asset settlement platform developed by Arca Labs, Tassat, and tZERO Group, has started onboarding its first clients, including major players such as Crypto.com, Wintermute, GSR, and Archax.
Features of Lynq
Launched in July, the platform is designed to support real-time settlements between crypto market participants. Lynq offers an alternative to traditional banking systems, utilizing Tassat's technology and tZERO's compliance onboarding capabilities. It leverages the Arca Institutional U.S. Treasury Fund for instant settlements 24/7.
Market and Prospects
Lynq aims to fill the gap left by the closure of Signature Bank, attracting institutional clients like B2C2 and Galaxy Digital. Additionally, U.S. Bank serves as the qualified custodian for cash held on the platform and will manage treasury operations.
With the launch of Lynq, the digital asset industry gains a new settlement tool that allows it to avoid outdated banking systems while meeting the demands of the contemporary market.
