FalconX Joins Crypto.com as Partners with Lynq Settlement Network
FalconX has joined Lynq, a new settlement platform for digital assets, alongside partners like Crypto.com and Galaxy. Lynq aims to address regulatory challenges and counterparty risk for financial institutions interested in crypto. FalconX will participate as a liquidity provider on the Lynq network, which is developed with Arca Labs, Tassat Group, and tZERO Group. Lynq offers free access to participants and does not charge transaction fees, generating revenue from interest on portfolios. The platform is set to begin user acceptance testing soon. Institutional interest in digital assets is rising, particularly in stablecoins, which have seen a market cap increase to $251.4 billion. A Fireblocks survey indicates that 90% of institutions are either using or planning to use stablecoins, highlighting their advantages in transaction costs and settlement times.
