Lynq and TBMC completed a live proof of concept demonstrating institutional stablecoin settlement in minutes.
Institutional settlement network Lynq and The Better Money Company (TBMC), a stablecoin clearinghouse, have completed a live proof of concept demonstrating how institutions can settle stablecoin transactions in minutes.
TBMC converted a client’s assets held on Lynq into RLUSD, completing settlement within a few minutes. The proof of concept used live production accounts and real institutional counterparties to demonstrate that stablecoin settlement can bypass traditional banking windows while allowing interest to continue accruing.
The demonstration addresses a challenge in institutional stablecoin markets, where fragmentation between different stablecoins can complicate settlement.
Sam Broner, Founder and CEO of The Better Money Company, said: “This proof of concept shows how stablecoin fragmentation can be solved through onchain collateral movement without relying on credit and traditional bank settlement to bridge the process.”
Jerald David, CEO of Lynq, said, “Settlement is the layer everything else in this industry is eventually going to be judged by.”
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