Tassat has secured the legal rights to its on-chain Yield-in-Transit system after obtaining a U.S. patent for the technology. This patent grants Tassat control over intraday on-chain interest accrual during settlement, as confirmed by the press release announcing the achievement.
This development underscores the company's commitment to building programmable, interest-bearing settlement infrastructure specifically designed for regulated financial institutions. The technology is central to Lynq, an institutional network engineered for end-to-end interest-bearing settlement.
Lynq, which became operational in July, was developed in collaboration with Arca Labs and tZERO Group. Its launch was supported by prominent entities including U.S. Bank, Avalanche, B2C2, Crypto.com, Fireblocks, Galaxy, FalconX, and Wintermute.
The Lynq network enables institutions to earn continuous on-chain yield during settlement, collateral, and reserve operations.
Lynq Delivers Intraday Yield During Live Settlement
Tassat's newly acquired patent specifically covers the intraday accrual and distribution of on-chain interest within 24/7 settlement environments, ensuring uninterrupted processing.
Tassat CEO Glen Sussman stated that the company has received federal approval for a system designed for tokenization and real-time programmable settlement.
“The award of this key patent validates Tassat’s continued innovation in tokenization and real-time programmable settlement platforms,” Glen said. “Yield-in-Transit has the potential to transform how digital asset institutions such as market makers, exchanges, custodians, and stablecoin issuers think about on-chain capital efficiency.”
Andre Frank, Chief Operating Officer of Tassat, emphasized that the intellectual property protects a system built to handle nonstop digital asset flows. “Tassat’s Yield-in-Transit IP embodies our commitment to building next-generation blockchain solutions that meet the real-time, 24/7 needs of leading digital asset firms,” Andre said.
“It ensures that capital remains fully productive throughout the settlement process, unlocking significant economic value for institutional users and laying the foundation for future YIT-enabled capabilities such as collateral pledging, delivery vs. payment, and stablecoin reserve management.”
Lynq CEO Jerald David highlighted that the network is already providing same-day intraday interest distributions to its users. “Through the incorporation of Yield-in-Transit into Lynq, our users are able to accrue on-chain intraday interest and receive distributions that very same day,” Jerald said.
In its press release, Tassat reported that its digital settlement infrastructure has successfully processed over $2.5 trillion in transaction volume.