FalconX and Industry Heavyweights Team Up for Lynq

Leading prime brokerage platform FalconX has joined forces with Crypto.com, Galaxy, Wintermute, and other major industry players to launch a next-generation settlement network called Lynq.

“FalconX will be a driving force to help unlock liquidity for the network. We are already working with their team to offer our mutual clients a compliant solution tailored to institutional needs,” Lynq CEO Jerald David Said

A New Settlement Layer Based On Stablecoin

Developed in partnership with Arca Labs, Tassat Group, and tZERO Group—and backed by Avalanche and U.S. Bank—Lynq aims to streamline settlement by addressing evolving regulatory frameworks and counterparty risks.

These features are especially important for institutions that operate under strict compliance requirements and are increasingly looking to launch crypto-based financial products.

Settlement in the crypto world refers to the final step in a transaction, where funds are transferred between parties and recorded on the blockchain. Examples include sending tokens, releasing collateral from smart contracts, and distributing tokens to investors during token generation events.

Lynq is designed to offer seamless, real-time, and interest-bearing settlement for digital assets, with a focus on stablecoins—an area of growing importance for institutional finance.

Notably, access to the Lynq network is free for participants, and transactions are not subject to fees.

Instead, Lynq generates revenue by taking a small portion of interest from the portfolio. The platform is set to enter its final user acceptance testing phase this Friday.

There Is Nothing Stopping Stablecoins

The launch of Lynq comes amid a broader surge in institutional interest in digital assets, particularly stablecoins. According to DefiLlama, the stablecoin market capitalization has soared to $251.4 billion as of this week, marking a 55.5% increase over the past year.

Stablecoins offer significant advantages over traditional fiat, including lower transaction costs, faster settlement times, and enhanced liquidity—benefits that are especially pronounced in cross-border transactions or regions with limited access to reserve currencies like the US dollar.

A recent Fireblocks survey found that 90% of institutions are either using stablecoins or have plans to do so. In May, The Wall Street Journal reported that several major US banks—including JPMorgan, Bank of America, Citigroup, and Wells Fargo—are in early-stage talks to jointly issue a stablecoin.

This growing institutional momentum is further supported by regulatory developments, such as the progress of the GENIUS Act in the US Senate, which is expected to provide a clear legal framework for stablecoin issuance and use.

Lynq is not alone in targeting the institutional settlement market. Anchorage Digital’s Atlas network, BVNK’s settlement solutions, and J.P. Morgan’s Kinexys platform are just a few examples of blockchain-based settlement initiatives gaining traction among financial institutions.

These platforms are helping to modernize financial infrastructure, reduce counterparty risk, and improve capital efficiency—key priorities for institutions navigating the rapidly evolving digital asset landscape.