Rising institutional interest in crypto may include the settlement sector, especially stablecoins, which have seen a 55.5% growth in market cap in one year.
FalconX, a digital asset prime brokerage that says it has executed over $1.5 trillion in trading volume, has joined Crypto.com, Galaxy, Wintermute and others as a launch partner for Lynq, a platform that aims to be a settlement layer for digital asset and financial institutions. The launch of Lynq could underscore growing institutional interest in digital assets as regulatory clarity improves.
FalconX, which says it access to over 400 tokens, will “act as both a participant and a liquidity provider on the Lynq network,” Lynq CEO Jerald David told Cointelegraph.
Lynq, developed in partnership with Arca Labs, Tassat Group and tZERO Group, aims to provide a solution that deals with evolving regulatory frameworks and counterparty risk, according to a Tuesday announcement. Those issues may be important to institutions that adhere to strict regulations and are looking to launch crypto products.
