Lynq, a real-time, interest-bearing settlement network for digital asset firms, has announced the addition of 15 new institutional clients to its platform, bringing the total number of active users to 19.
The new clients, including 1Konto, Archax, Crypto.com, DV Chain, FinchTrade, GCEX, GSR, JST Digital, Nonco, STS Digital, and Wintermute, join existing users Arca, B2C2, FalconX, and Galaxy, who began using the platform in mid-July. These firms represent a cross-section of digital asset market makers, exchanges, OTC desks, and institutional liquidity providers, contributing trading volume and operational expertise to Lynq’s ecosystem. As users integrate, they can embed Lynq into treasury workflows for daily settlement operations.
Jerald David, CEO of Lynq, stated, “It’s incredibly gratifying to see such meaningful support from such important digital asset firms—especially having just launched the platform three short weeks ago. These institutions are not only driving volume, they’re driving the future of how capital should move—fast, secure, and interest-bearing.”
Since the first client transaction on July 15, Lynq has continued to onboard institutional clients and integrate with key industry participants. Integrations with Crypto.com and Fireblocks are being finalized to enable direct connectivity, allowing Fireblocks clients to access Lynq via their interface and Crypto.com to offer mutual clients the ability to fund trades from the Lynq platform. These integrations are scheduled for August and September, respectively.
Travis McGhee, Managing Director, Global Head of Capital Markets at Crypto.com, commented, “Integrating with Lynq lets our institutional clients fund trades faster and more efficiently, supporting a new era of connected, interest-bearing settlement.”
Jakob Palmstierna, President of GSR, added, “A persistent challenge in digital asset markets has been achieving seamless connectivity for institutional settlement that aligns with core trading workflows. We see Lynq as a transformative piece of infrastructure, poised to address this challenge head-on and play a foundational role in the evolution of institutional settlement.”
Lynq was developed by Arca Labs, Tassat, and tZERO, with support from Avalanche and U.S. Bank. It aims to unify fragmented digital asset settlement by connecting trusted counterparties on a single network. The platform’s consortium model, which incorporated feedback from partners and early adopters, has resulted in over 50 additional clients currently in the onboarding process. Lynq is described as a broker-dealer-operated real-time settlement utility, offering a scalable service with interest and transparent proof of reserves within a bankruptcy-remote architecture designed to minimize counterparty risk. Its Interest-in-Transit technology allows users to maximize earned interest during settlement operations, designed to enhance capital efficiency.
