Tassat just locked down the legal rights to its on-chain Yield-in-Transit system after securing a U.S. patent for the technology. According to the press release that made the announcement, the patent gives Tassat control over intraday on-chain interest accrual during settlement.
The filing confirms the company’s push to build programmable, interest-bearing settlement infrastructure for regulated financial institutions and places its technology at the core of Lynq, an institutional network built for end-to-end interest-bearing settlement.
Lynq went live in July, built with Arca Labs and tZERO Group, and launched with support from U.S. Bank, Avalanche, B2C2, Crypto.com, Fireblocks, Galaxy, FalconX, and Wintermute.
The network allows institutions to earn continuous on-chain yield during settlement, collateral, and reserve operations.
Lynq delivers intraday yield during live settlement
Tassat’s patent covers the intraday accrual and distribution of on-chain interest across 24/7 settlement environments with no breaks in processing.
Tassat CEO Glen Sussman said the company received federal approval for a system built for tokenization and real-time programmable settlement.
Andre Frank, Chief Operating Officer of Tassat, said the intellectual property protects a system built for 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.
Lynq CEO Jerald David said the network already delivers same-day intraday interest distributions to 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 claims that digital settlement infrastructure has now processed more than $2.5 trillion in transaction volume.
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Source: https://www.cryptopolitan.com/tassat-continuous-on%E2%80%91chain-yield-settlement/
