Lynq, a real-time, interest-bearing settlement network for digital asset firms, and BridgePort, a middleware coordination layer for institutional crypto off-exchange settlement, have announced a strategic partnership to enhance settlement solutions for institutional clients in the digital asset industry.
This collaboration integrates BridgePort’s plug-and-play middleware with Lynq’s settlement network, aiming to improve capital efficiency, mitigate settlement risk, and streamline post-trade workflows. The initiative seeks to establish a unified and seamless off-exchange settlement experience, offering an alternative to existing siloed crypto and legacy settlement systems.
Jerald David, CEO of Lynq, stated that the partnership with BridgePort will enhance the network’s capabilities. He emphasized that the collaboration supports Lynq’s vision to provide comprehensive, real-time, interest-bearing settlement, while offering institutions greater flexibility in pre-order credit allocation and post-trade settlement to drive capital efficiency.
For the eighteen financial institutions and trading firms already connected to Lynq’s network, this partnership facilitates execution across multiple venues. It also enables real-time messaging for coordinated collateral management, allowing firms to deploy capital more effectively through Lynq’s settlement infrastructure.
Nirup Ramalingam, CEO of BridgePort, highlighted the partnership as a significant step in expanding BridgePort’s interface with institutional market participants following its recent production launch. He identified Lynq’s real-time, interest-bearing settlement infrastructure, purpose-built for institutions in the digital asset industry, as an ideal complement for addressing gaps in current crypto market infrastructure.
Lynq was developed by Arca Labs, Tassat, and tZERO, created to unify fragmented digital asset settlement. Initial participants include B2C2, Crypto.com, Galaxy, FalconX, and Fireblocks. The platform utilizes patent-pending “yield-in-transit” technology, enabling users to continually earn interest even during the settlement process.
BridgePort, supported by Further Ventures, Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures, functions as a neutral coordination layer. It connects exchanges, custodians, and trading firms to facilitate pre-order credit allocation and post-trade settlement, addressing capital inefficiency, credit risk, and fragmented liquidity in crypto markets. Its founding team has experience building fixed income and FX trading platforms for traditional financial institutions.
