Latest news with #institutionalfinance
Finextra
7 days ago
- Business
- Finextra
Real-time interest-bearing settlement network Lynq launches
Lynq, the real-time, interest-bearing settlement network for digital assets, today announced that it has officially launched. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This major milestone follows more than 18 months of market research, input and collaboration with leading digital asset firms—whose continued support reflects the growing institutional demand. The first transaction included the recording of clients' assets on the Avalanche blockchain, followed by a successful account-to-account settlement on the Lynq network. 'Almost two years worth of work culminates in today's launch of the next generation of institutional settlement infrastructure. Our partnership with Avalanche reflects a shared vision: to bring institutional finance into the future with reliable, high-speed infrastructure designed for scale and compliance,' said Jerald David, CEO of Lynq. 'We are proud to bring Lynq to market and are grateful to our partners and early adopters whose collaboration and counsel helped shape a solution built by the industry, for the industry.' Clients began onboarding at tZERO Securities, Lynq's Broker-Dealer, two months ago, with 13 digital asset companies currently onboarded and more than 50 additional clients in various stages of the process. Since inception, Lynq set out to solve fragmented settlement in the digital asset market and create a network of trusted counterparties on its platform. This consortium-driven approach enabled the development of a platform that delivers liquidity, scalability, and SOC II technology, while maximizing capital efficiency. 'This launch demonstrates how public blockchain infrastructure can validate real-time, institutional-grade settlement without compromising speed, trust, or transparency,' said Morgan Krupetsky, Head of Institutions & Capital Markets at Ava Labs. 'Lynq is the result of a cross-industry effort to solve the longstanding limitations of post-trade processes, and we're proud to see Avalanche serving as the foundational technology powering this new industry standard.' Developed by Arca Labs, Tassat, and tZERO, Lynq leverages tZERO's Broker-Dealer and Special Purpose Broker-Dealer licenses, Arca's expertise in asset management, and Tassat's proven, real-time blockchain technology. Lynq's service partners include Avalanche, which provides the open-source layer one blockchain network, and U.S. Bank, the network's qualified cash custodian. Together, this innovative architecture provides institutional clients with bankruptcy remote segregated account security and transparent proof of reserves on a familiar end-to-end platform.
Yahoo
26-06-2025
- Business
- Yahoo
What's Driving Goldman Sachs And Citadel Into Crypto? The $135M Digital Asset Funding Round Explained
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Digital Asset, the developer behind the Canton Network, has raised $135 million in a funding round backed by major Wall Street players including Goldman Sachs (NYSE:GS) and Citadel Securities, alongside leading crypto investors. The round, led by DRW Venture Capital and Tradeweb Markets, signals growing institutional confidence in blockchain solutions designed for traditional finance. The new capital will accelerate the onboarding of real-world assets onto the Canton Network, which Digital Asset describes as the first public, permissionless Layer-1 blockchain offering configurable privacy for institutional use. Trending: Your Crypto, Locked Down: Store Bitcoin, Ethereum, and more, with the Ledger Nano S Plus — . The network already supports a broad range of assets, including bonds, commodities, repos, mortgages, and alternative funds. Other participants in the round include BNP Paribas, Circle Ventures, The Depository Trust & Clearing Corporation (DTCC), IMC, Liberty City Ventures, Optiver, Paxos, Polychain Capital, QCP, Republic Digital, 7RIDGE and Virtu Financial. Goldman Sachs' Mathew McDermott said, "Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology, which continues to be foundational to the development and ongoing success of GS DAP." Don Wilson, CEO of DRW, emphasized the maturity of the market, stating, "We are at the inflection point of being able to use blockchain at scale in traditional markets."The funding is set to bolster Canton's position as a blockchain protocol tailored for regulated institutions, offering privacy controls that have long been a barrier to enterprise blockchain adoption. Digital Asset says Canton already has nearly 400 participants within its ecosystem, reflecting momentum among both traditional and decentralized finance players. Digital Asset CEO Yuval Rooz added, "This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption." The Canton Network enables asset synchronization across financial markets with an emphasis on real-time, private, and interoperable settlement, a feature that its backers see as a step toward modernizing financial infrastructure. Read Next: Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock This article What's Driving Goldman Sachs And Citadel Into Crypto? The $135M Digital Asset Funding Round Explained originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
