Lynq, Nonco to offer 24/7 stablecoin liquidity
Lynq named Nonco a dedicated liquidity facility on July 21 to let institutional TFND holders convert tokenized fund shares into USDT, USAT, RLUSD or USDC 24/7.
Lynq announced on July 21 that it has designated digital asset firm Nonco as a dedicated liquidity facility to provide institutional clients with around-the-clock stablecoin access. The agreement allows holders of tokenized fund shares (TFND) to convert those tokens into USDT, USAT, RLUSD or USDC at any time.
Under the initial arrangement, Nonco will offer off-platform, bilateral over-the-counter settlement. Clients transfer TFND shares to a Nonco-designated Lynq wallet and Nonco’s trading desk sends the equivalent stablecoin by wallet-to-wallet transfer at market rates. Lynq said the service requires no software updates and is available immediately.
The mechanism bypasses U.S. wire-transfer constraints and domestic banking windows by settling directly between clients and Nonco. Prior to the deal, Lynq accounts were primarily funded by U.S. wires, which are limited to bank business hours.
Lynq describes itself as an interest-bearing settlement network for tokenized funds. TFND refers to tokenized fund shares that trade within its system. Nonco will initially operate as an always-available liquidity desk, with the firms planning to use USDT, USAT, RLUSD and USDC as on- and off-ramps for TFND holders.
Jerald David, CEO of Lynq, said the partnership aligns institutional infrastructure with the nonstop nature of digital markets and gives institutions reliable, round-the-clock access to stablecoin liquidity. Jeffrey Howard, partner and head of North America at Nonco, added that the link creates a pathway between tokenized fund shares and transactional stablecoins to enable faster settlement and more efficient capital deployment.
Lynq and Nonco said the bilateral OTC model reduces operational frictions by keeping settlement activity off the platform and allowing immediate exits into stablecoins without waiting for banking hours. The firms expect the availability of wallet-to-wallet settlement to increase transaction velocity and deepen liquidity across digital asset markets.
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