Lynq, a newly launched real-time, interest-bearing settlement network designed for digital assets, has officially commenced operations following over 18 months of development and collaboration with leading digital asset firms. This milestone reflects growing institutional demand for advanced settlement solutions.
The network’s first recorded transaction involved clients’ assets on the Avalanche blockchain, swiftly followed by a successful account-to-account settlement within the Lynq network. Jerald David, CEO of Lynq, stated that the launch represents “the next generation of institutional settlement infrastructure,” highlighting the partnership with Avalanche as reflecting a shared vision to integrate institutional finance with “reliable, high-speed infrastructure designed for scale and compliance.” David further noted the company’s gratitude to partners and early adopters whose input helped shape the solution.
Client onboarding for Lynq began two months prior at tZERO Securities, the network’s broker-dealer. Currently, 13 digital asset companies have been onboarded, with more than 50 additional clients in various stages of the onboarding process. Lynq was established to address the fragmented settlement landscape within the digital asset market by creating a network of trusted counterparties. Its consortium-driven model is designed to provide liquidity, scalability, SOC II compliant technology, and enhanced capital efficiency.
Morgan Krupetsky, Head of Institutions & Capital Markets at Ava Labs, commented on the launch, stating it “demonstrates how public blockchain infrastructure can validate real-time, institutional-grade settlement without compromising speed, trust, or transparency.” Krupetsky added that Lynq is the result of a cross-industry effort aimed at resolving longstanding post-trade limitations, with Avalanche serving as the foundational technology. Lynq’s development involved contributions from Arca Labs, Tassat, and tZERO. The network leverages tZERO’s existing Broker-Dealer and Special Purpose Broker-Dealer licenses, Arca’s expertise in asset management, and Tassat’s real-time blockchain technology.
Key service partners supporting Lynq include Avalanche, which provides the open-source layer one blockchain network, and U.S. Bank, serving as the network’s qualified cash custodian. This integrated architecture offers institutional clients bankruptcy-remote segregated account security and transparent proof of reserves on a familiar end-to-end platform. Additionally, Lynq’s proprietary Interest-in-Transit technology is designed to enable users to maximize earned interest even during settlement operations, aiming to improve capital efficiency for participants.