Lynq’s partners include Arca Labs, Avalanche, B2C2, Galaxy Digital, Tassat Group, tZERO Group, U.S. Bank & Wintermute.
A real-time, yield-bearing settlement network, dubbed Lynq, has launched with the backing of Arca Labs, Tassat Group, and tZERO Group. It is supported by a tokenized treasury fund and custodied via a special-purpose broker-dealer.
“This announcement comes after more than a year of market engagement, platform development, and the creation of the Arca Institutional U.S. Treasury Fund ‘TFND,’ a tokenized treasury fund that issues shares as digital asset securities,” according to the announcement.
Lynq is scheduled to go live during the second quarter of this year, and its launch partners, B2C2, Galaxy Digital, and Wintermute, will help with “counterparty onboarding to accelerate network adoption and drive initial liquidity,” officials say. “Additional partners include U.S. Bank, which will provide treasury management services to the Lynq ecosystem and serve as Lynq’s qualified cash custodian, and Avalanche, which will provide the open-source Layer 1 blockchain network on which TFND shares will be issued and rebalanced.”
Lynq “operates within a legal framework that leverages tZERO’s broker-dealer and special purpose broker-dealer licenses as well as Arca’s registered investment adviser and Delaware Trust,” officials say. The framework will be paired with Tassat’s blockchain infrastructure to provide clients with segregated account security.
“Lynq aims to address the unique challenges of digital asset settlement, including market fragmentation, counterparty risk, and evolving regulatory frameworks, while returning yield to institutional clients,” according to the announcement.
More about Lynq can be found here: https://lynq.network
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