Expansion of Lynq by Incorporating 15 New Educational Institutions
Lynq Announces First 15 Institutional Clients, Signaling Rapid Growth in Digital Asset Settlement
Lynq, a real-time, interest-bearing settlement network designed for institutional digital asset settlements, has announced the onboarding of 15 new clients. This brings the total number of active digital asset firms using Lynq to over 13, with more than 50 in the onboarding pipeline [1][3].
The platform, built by Arca Labs, Tassat, and tZERO, aims to address the fragmented, slow, and opaque settlement infrastructure common in the digital asset market. It enables instant, account-to-account transfers and records on the Avalanche blockchain, providing speed, liquidity, scalability, and capital efficiency by connecting trusted counterparties on a single network [1][2].
Among Lynq's significant institutional clients and partners are market makers and liquidity providers such as 1Konto, FinchTrade, and JST Digital, as well as established digital asset and trading firms like B2C2 and Galaxy Digital (expected to join shortly) [2][4]. Infrastructure and compliance support providers, such as U.S. Bank (custodian), Avalanche (blockchain partner), Fireblocks, FalconX, and Wintermute, are also part of the Lynq ecosystem [2][3].
The rapid momentum of Lynq's platform is attributed to its consortium model, shaped by partner and early adopter feedback. This model has driven rapid onboarding, with more than 50 additional clients in the process of joining [1].
The platform operates 24/7, offers proof of reserves, mitigates counterparty risk with bankruptcy-remote architecture, and supports continuous interest earnings during settlement through its "interest-in-transit" mechanism [2][3][4][5]. It is supported by prominent digital asset firms and traditional financial institutions, including Avalanche and U.S. Bank, which serves as custodian for cash [3][5].
Jakob Palmstierna, President of GSR, sees Lynq as a transformative piece of infrastructure, poised to address the challenge of achieving seamless connectivity for institutional settlement that aligns with core trading workflows. Since the first client transaction on July 15th, Lynq has continued onboarding a growing pipeline of institutional clients [1][3].
The vision of Lynq's platform as a critical piece of infrastructure for the digital asset industry is echoed across market participants. As these clients integrate with the platform, they can embed Lynq into treasury workflows and execute settlements as part of their day-to-day operations. Crypto.com and Fireblocks are set to be integrated in August and September respectively.
The signaling of deep institutional interest and adoption highlights Lynq's role as a purpose-built settlement layer designed to replace inefficient and unstable traditional systems, especially in light of challenges like the collapse of Silvergate and Signature Bank [4].
In summary, Lynq is a next-generation settlement platform built for institutional digital assets, now growing rapidly with notable institutional clients including market makers, liquidity providers, and major crypto and traditional finance firms committed to real-time, efficient, and secure asset settlement [1][2][3][4][5].
- The growing number of institutional clients, such as market makers and liquidity providers, on Lynq's settlement platform indicates an increase in liquidity within digital asset exchanges, fostering financial efficiency.
- By connecting trusted counterparties on a single network, Lynq's platform aims to revolutionize the digital asset market by providing instant, account-to-account transfers and improving liquidity, exchanges, and finance.
