Latest news with #JeraldDavid
Business Wire
01-07-2025
- Business
- Business Wire
Lynq Sets July 15th Launch Date for Real-Time Interest-Bearing Settlement Network
NEW YORK--(BUSINESS WIRE)-- Lynq, the real-time, interest-bearing settlement network for digital assets, today announced July 15, 2025, as its official go-live date. Lynq's launch follows more than a year of market research and collaboration with some of the world's leading digital asset firms, including B2C2, FalconX, Fireblocks, Galaxy and Wintermute. In addition to onboarding at tZERO Securities, the special purpose broker dealer, and connecting to the platform via API, launch partners are helping accelerate adoption by referring key counterparties and integrating Lynq into their back-office workflows. The Lynq platform sets a new standard by delivering institutional clients instantaneous settlement capabilities while providing them with a mechanism to continually accrue interest. The growing industry support and continued momentum ahead of the July 15th launch reinforce the importance of building independent real-time settlement infrastructure for the benefit of the entire digital asset ecosystem. 'The digital asset community has been searching for a settlement solution that solves the challenges of market fragmentation and counterparty risk,' said Jerald David, CEO of Lynq. 'With Lynq, we are delivering a scalable and settlement utility that reduces friction, unlocks liquidity, and enables institutions to operate with full transparency.' Lynq was developed by Arca Labs, Tassat, and tZERO with the goal of creating a settlement platform that meets the industry's demand for liquidity, scale, and security while maximizing capital efficiency for all network participants. Lynq's innovative architecture leverages tZERO's Broker-Dealer and Special Purpose Broker-Dealer licenses, Arca's expertise in asset management, and Tassat's proven, real-time blockchain settlement platform. 'Digital asset markets are entering a new structural phase that will be defined by real-time settlement, regulatory clarity, and institutional-grade infrastructure,' said Katryna Hanush, Director of Business Development and Partnerships at Wintermute. 'Lynq's launch is a pivotal step forward in that direction. It combines the ability to earn interest during settlement with the security and trust of established financial partners. This is the type of solution the industry needs, and Wintermute is proud to support it.' Lynq's service partners include Avalanche, which provides the open-source Layer one blockchain network, and U.S. Bank, which serves as Lynq's qualified cash custodian. To learn more about Lynq or to inquire about onboarding for the launch, please visit About Lynq Lynq is a broker-dealer-operated real-time settlement utility. Developed by Arca Labs, Tassat, and tZERO Group, and supported by a syndicate of leading digital asset and TradFiinstitutions, Lynq offers clients a scalable and inclusive settlement service on a proven end-to-end platform. Built 'by the industry, for the industry,' Lynq delivers interest and transparent proof of reserves within a bankruptcy-remote architecture that minimizes counterparty risk. Lynq's patent-pending 'Yield-in-Transit' technology enables users to maximize earned interest even during settlement operations, driving unprecedented capital efficiency. For more information, please visit
Business Wire
24-06-2025
- Business
- Business Wire
FalconX Joins Lynq as a Launch Partner, Further Signaling Industry Support for the Real-time Interest-bearing Settlement Network
NEW YORK--(BUSINESS WIRE)-- Lynq, the real-time, interest-bearing settlement network for digital assets, today announced that FalconX, a leading digital asset prime broker, has joined Lynq as a launch partner. Alongside B2C2, Galaxy and Wintermute, FalconX will be a day one user and is actively connecting via API to the Lynq platform in preparation for launch. The addition of FalconX comes on the heels of the world's leading USD support exchange, joining Lynq as the first digital asset exchange to integrate with Lynq and Fireblocks offering their 2,000+ client access through their interface. The growth of the consortium signals alignment around Lynq's mission to deliver real-time settlement. Designed to enhance capital efficiency while addressing market fragmentation, counterparty risk, and evolving regulatory frameworks, the network provides the industry with a compliant solution. 'As a trusted prime brokerage for digital assets and one of the largest participants in the market, FalconX will be a driving force to help unlock liquidity for the network.' said Jerald David, CEO of Lynq. 'FalconX's breadth of product offerings and its extensive client network will make FalconX a catalyst for the growth of Lynq. We have already started working with their team and will be offering our mutual clients a compliant solution that meets the need of institutional market participants.' Lynq was developed through a collaboration between core partners Arca Labs, Tassat Group, and tZERO Group with key support from the network's service partners Avalanche and U.S. Bank. The onboarding of FalconX strengthens this foundation, expanding Lynq's network and accelerating the shift toward scalable solutions that benefit the entire industry. 'We believe in building infrastructure that delivers tangible client benefits,' said Bob Rutherford, VP & Head of Operations at FalconX. 'Joining Lynq allows us to deliver enhanced capital efficiency, real-time settlement, and increased interest — key capabilities that will define the future of finance.' Lynq is committed to creating a unified, scalable settlement platform in partnership with the leading digital asset and financial institutions. The continued support for this solution reinforces the importance of developing the next generation of infrastructure by the industry, for the industry. To learn more about Lynq and how to join the network, please visit About Lynq Lynq is a broker-dealer operated real-time settlement utility powered by a tokenized treasury fund custodied at a special purpose broker-dealer. Developed by Arca Labs, Tassat, and tZERO Group, and supported by a syndicate of leading digital asset and tradfi institutions, Lynq offers clients a scalable and inclusive settlement service on a proven end-to-end platform. Built by the industry, for the industry, Lynq delivers interest and transparent proof of reserves within a bankruptcy-remote architecture that minimizes counterparty risk. Lynq's patent-pending Yield-in-Transit technology enables users to maximize earned interest even during settlement operations, driving unprecedented capital efficiency. About FalconX FalconX is a leading digital asset prime brokerage for the world's top institutions. We provide comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives. FalconX is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit or follow FalconX on X and LinkedIn.
Business Wire
22-05-2025
- Business
- Business Wire
Fireblocks Integrates with Lynq, the Real-Time Yield-Bearing Settlement Network, as a Launch Partner
NEW YORK--(BUSINESS WIRE)-- Lynq, the real-time yield-bearing settlement network for digital assets, today announced that Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain, has joined Lynq as a launch partner. Announced in April 2025, Lynq was developed through a collaboration between Arca Labs, Tassat Group, and tZERO Group. Fireblocks will participate in Lynq's growing consortium of early adopters including Avalanche, B2C2, Galaxy (TSX:GLXY), U.S. Bank, and Wintermute. Trusted by more than 2,000 businesses, Fireblocks provides comprehensive infrastructure to streamline custody, tokenization, payments, settlement, and trading operations across the digital asset ecosystem. Fireblocks has secured over $10T in transactions across more than 100 blockchains and 300M wallets through its network and MPC-based wallet infrastructure. 'As one of the preeminent players in the digital asset industry, Fireblocks has solidified a client roster that includes most of the leading companies," said Jerald David, CEO of Lynq. "This partnership and connectivity will provide their clients access to Lynq's network via the Fireblocks interface to perform settlement activity, on-ramp to exchanges, and to create and redeem with stablecoin partners.' 'By integrating with Lynq, Fireblocks enables institutions to access real-time settlement while earning yield continuously - even during the transaction process itself,' said Adam Levine, SVP of Corporate Development & Partnerships at Fireblocks. 'Lynq has been built to be forward looking, with enterprise and regulated entities partnering to support the system.' Through this collaboration, Lynq and Fireblocks work to accelerate the onboarding of key counterparties, offering API-integrated services to Fireblocks' institutional clients, while exploring the potential to offer additional value-added capabilities, such as delivery-vs-payment and advanced treasury management. Lynq addresses the unique challenges of digital asset settlement, including market fragmentation, counterparty risk, and evolving regulatory frameworks, while returning yield to institutional clients. Lynq operates within the existing regulatory perimeter by leveraging tZERO's Broker-Dealer and Special Purpose Broker-Dealer licenses, as well as Arca's registered investment adviser and Delaware Statutory Trust. This innovative architecture, paired with Tassat's widely adopted, real-time blockchain infrastructure, equips clients with segregated account security, transparent proof of reserves, and broad ecosystem connectivity on a familiar and trusted platform. To learn more about Lynq and join the network, please visit About Lynq Lynq is a broker-dealer operated, real-time settlement utility powered by a tokenized treasury fund custodied at a special purpose broker-dealer. Developed by Arca Labs, Tassat, and tZERO Group, and supported by a syndicate of leading digital asset and tradfi institutions, Lynq offers clients a scalable and inclusive settlement service on a proven end-to-end platform. Built by the industry, for the industry, Lynq delivers yield and transparent proof of reserves within a bankruptcy-remote architecture that minimizes counterparty risk. Lynq's patent-pending Yield-in-Transit technology enables users to maximize earned interest even during settlement operations, driving unprecedented capital efficiency. Yield is calculated by the fund administrator, Ultimus Fund Solutions. For more information, please visit About Fireblocks Fireblocks is the world's most trusted digital asset infrastructure company, empowering organizations of all sizes to build, run and grow their business on the blockchain. With the industry's most secure, scalable and comprehensive platform, we streamline custody, tokenization, payment, settlement, and trading operations across the largest ecosystem of exchanges, custodians, banks, payment providers and stablecoin issuers in the world. Over 2,000 organizations - including BNY Mellon, Galaxy, and Revolut - trust Fireblocks to secure more than $10 trillion in digital asset transactions across 100+ blockchains and over 300 million wallets. Learn more at
Business Wire
15-05-2025
- Business
- Business Wire
Lynq, the Real-Time Yield-Bearing Settlement Network, Appoints Jerald David as CEO
NEW YORK--(BUSINESS WIRE)--Lynq, the real-time, yield-bearing settlement network for digital assets, today announced the appointment of Jerald David as its Chief Executive Officer. A seasoned leader in digital assets innovation and financial infrastructure, Jerald David previously served as President of Arca Labs since 2019. Announced in April 2025, Lynq was developed through a collaboration between Arca Labs, Tassat Group, and tZERO Group. 'Lynq is on a mission to provide a settlement solution that solves for market fragmentation, mitigates counterparty credit risk, and delivers yield back to users of the platform,' said Jerald David. 'I'm honored to lead the network towards that goal. This effort would not be possible without the support of our growing consortium of institutional sponsors, and the vision, commitment, and deep expertise of our joint venture partners, Tassat and tZero, whose collaboration has laid the foundation for a truly transformative industry solution.' As CEO of Lynq, Jerald David will apply more than 20 years of experience in financial services and over 8 years in digital assets to continue driving innovation in digital asset market infrastructure. Prior to his appointment at Lynq, he was the President of the Adviser to the first '40 Act Fund to issue shares as digital asset securities, the Arca US Treasury Fund. He started his career in digital assets as COO at Evermarkets (EMX), an exchange designed to trade traditional commodities and digital assets on one platform. Prior to that, he held leadership positions at the CME, NYMEX and DME. 'Jerald has been instrumental in the conception and development of Lynq,' said Rayne Steinberg, CEO of Arca. 'His leadership at Arca Labs, strong relationships within the industry, and deep understanding of both TradFi and digital asset securities make him the ideal person to guide Lynq through its launch and growth.' 'Jerald's conviction has been a guiding force for bringing Lynq from an idea to reality since our first meeting about the project 18 months ago,' said Thomas Restout, Group CEO of B2C2. 'We are excited for him to lead Lynq through its launch and execute our shared vision.' The Lynq network aims to provide scalable and efficient settlement rails that address the unique challenges of the digital asset ecosystem, including market fragmentation, counterparty risk, and evolving regulatory frameworks. The Lynq consortium — which includes Avalanche, B2C2, Galaxy (TSX: GLXY), U.S. Bank and Wintermute — helps ensure liquidity and mass institutional participation within the industry. To learn more about Lynq and join the network, please visit About Lynq Lynq is a broker-dealer operated, real-time settlement utility powered by a tokenized treasury fund custodied at a special purpose broker-dealer. Developed by Arca Labs, Tassat, and tZERO Group, and supported by a syndicate of leading digital asset and TradFi institutions, Lynq offers clients a scalable and inclusive settlement service on a proven end-to-end platform. Built by the industry, Lynq delivers yield and transparent proof of reserves within a bankruptcy-remote architecture that minimizes counterparty risk. Lynq's patent-pending Yield-in-Transit technology enables users to maximize earned interest even during settlement operations, driving unprecedented capital efficiency. Yield is calculated by the fund administrator, Ultimus Fund Solutions. For more information, please visit
Business Wire
08-05-2025
- Business
- Business Wire
Crypto.com Exchange Joins Lynq, the Real-Time Yield-Bearing Settlement Network, as a Launch Partner
NEW YORK--(BUSINESS WIRE)--Lynq, the real-time, yield-bearing settlement network for digital assets, today announced that Exchange, the world's leading USD support exchange by spot market volume, has joined the network as a launch partner. The Exchange now becomes the first digital asset exchange to integrate with Lynq and will help accelerate adoption for Lynq, alongside other launch partners including B2C2, Galaxy (TSX: GLXY), and Wintermute. The Exchange, established in 2019 and launched in the U.S. in 2024, is offered for advanced, VIP and institutional users, and provides users a technologically advanced crypto trading platform featuring deep global liquidity and ultra-low latency. The Exchange is a truly comprehensive offering - including spot trading, margin trading, derivatives, OTC trading, and more. ' ranks among the world's leading cryptocurrency exchanges, and we are honored to have the Exchange join the consortium,' said Jerald David, President of Arca Labs and leader of the consortium. 'This partnership is a natural progression in our mission to deliver an efficient and scalable settlement solution that addresses the specific needs of institutional clients in the digital asset industry.' 'Joining Lynq aligns with commitment to driving innovation and fostering greater efficiency within the digital assets ecosystem,' said Eric Anzaini, President and COO at 'We believe that Lynq will offer significant benefits to the institutions we serve, and we are proud to be the first digital asset exchange to leverage this technology.' Through this integration, will allow its institutional clients to more seamlessly and efficiently fund their trading accounts and offramp to the settlement platform with one click. Additionally, will gain access to a network of digital asset market participants that enable real-time settlement and the ability to earn yield on assets on the platform. Lynq's Yield-in-Transit functionality maximizes capital efficiency and sets a new standard for institutional settlement. 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. 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. This innovative architecture, paired with Tassat's widely adopted, real-time blockchain infrastructure, provides clients with segregated account security, transparent proof of reserves, and broad ecosystem connectivity, all on a familiar and trusted platform. In addition to the launch partners, Lynq's consortium includes Arca Labs, Avalanche, Tassat Group, tZERO Group, and U.S. Bank. To learn more about Lynq and join the network, please visit About Lynq Lynq is a broker-dealer operated, real-time settlement utility powered by a tokenized treasury fund custodied at a special purpose broker-dealer. Developed by Arca Labs, Tassat, and tZERO Group, and supported by a syndicate of leading digital asset and tradfi institutions, Lynq offers clients a scalable and inclusive settlement service on a proven end-to-end platform. Built by the industry, for the industry, Lynq delivers yield and transparent proof of reserves within a bankruptcy-remote architecture that minimizes counterparty risk. Lynq's patent-pending Yield-in-Transit technology enables users to maximize earned interest even during settlement operations, driving unprecedented capital efficiency. Yield is calculated by the fund administrator, Ultimus Fund Solutions. For more information, please visit About Founded in 2016, is trusted by more than 140 million customers worldwide and is an industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. is committed to accelerating the adoption of cryptocurrency through innovation. Learn more at
