Lynq, a collaborative digital asset settlement platform developed by Arca Labs, Tassat, and tZERO, has onboarded its first wave of institutional clients including Crypto.com, Wintermute, GSR, Archax, and multiple OTC trading desks. The platform, launched in July 2025, enables 24/7 real-time settlement using Avalanche blockchain technology and replaces traditional banking rails lost after the collapse of Silvergate and Signature Bank.
The infrastructure leverages Tassat's technology (previously powering Signature's Signet network) and tZERO's broker-dealer compliance capabilities. Transactions are settled via the tokenized Arca Institutional U.S. Treasury Fund (TFND) on Avalanche, featuring interest-in-transit functionality that allows counterparties to earn yield on intraday balances. U.S. Bank serves as the qualified cash custodian.
Initial clients comprise market makers like 1Konto, FinchTrade, JST Digital, Nonco, STS Digital, and DV Chain, with 50+ firms in onboarding pipelines including B2C2 and Galaxy Digital. The development responds to growing institutional demand for bankruptcy-remote segregated accounts, transparent proof of reserves, and capital efficiency amid broader industry trends toward blockchain-based settlement systems.