Lynq, a real -time settlement network, carrying on digital assets, announced today that Crypto.com Exchange has joined the network as a launch partner.
Crypto.com Exchange now becomes the first exchange of digital assets to be incorporated with LYNQ and help accelerate adoption for LYNQ, along with other launch partners, such as B2C2, Galaxy (TSX: GLXY) and Wintermute.
“Crypto.com is ranked in the world’s top encryption exchanges and we have the honor of having the Crypto.com exchange to participate in the consortium,” said Jerald David, president of Arca Labs and a leading leader. “This partnership is a natural development in our mission to offer an effective and gradual settlement solution that addresses the specific needs of institutional customers in the digital assets industry.”
“Participation in LYNQ is aligned with Crypto.com’s commitment to lead innovation and promote more efficiency to the ecosystem of digital assets,” said Eric Anzaini, president and Coo at Crypto.com. “We believe that LYNQ will offer significant benefits to the institutions we serve and we are proud to be the first exchange of digital assets to exploit this technology.”
Through this integration, Crypto.com will allow its institutional customers to fund their trading bills more seamlessly and effectively and off the one -click settlement platform.
In addition, Crypto.com will gain access to a network of participants in the market for digital assets that allow real -time settlement and the ability to earn assets on the platform. LYNQ performance functionality maximizes capital performance and sets a new standard for institutional arrangement.
LYNQ aims to address the unique challenges of the settlement of digital assets, including the fragmentation of the market, the risk of counterparty and the evolving regulatory frameworks, while returning to institutional customers. LYNQ operates within a legal framework that utilizes TZERO’s broker licenses and special mediator licenses, as well as the registered Arca investment consultant and Delaware Trust. This innovative architecture, coupled with Tassat’s widely adopted Blockchain infrastructure, provides customers with the security of separated accounts, transparent proof of stocks and the widespread connectivity of the ecosystem, all on a familiar and reliable platform.
In addition to launch partners, LYNQ’s consortium includes Arca Labs, Avalanche, Tassat Group, Tzero Group and US Bank.