Tassat blockchain payments now span private bank-payment systems and institutional digital-asset settlement, following Lynq’s migration to a dedicated Avalanche L1 in April 2026. By that month, Lynq connected more than 30 institutions. The network represents a separate offering from TassatPay and the bank-only Digital Interbank Network, rather than a replacement for either.
Key Takeaways
- Lynq moved to a dedicated Avalanche L1 in April 2026 after launching in July 2025.
- Tassat reports more than $2.5 trillion processed across Tassat-powered systems, including the former Signet network.
- TassatPay and the Digital Interbank Network use private, permissioned infrastructure for bank payments.
Table of Contents
- Tassat blockchain payments extend to a dedicated Avalanche L1
- Bank payment systems serve a different role
- The cumulative transaction figure covers multiple systems
- Conclusion
Tassat blockchain payments extend to a dedicated Avalanche L1
Lynq, a joint venture among Arca Labs, Tassat and tZERO Group, combines real-time institutional settlement with interest-bearing functionality. Its April 2026 move to a dedicated Avalanche L1 followed its initial launch on Avalanche’s public blockchain.
Lynq’s July 2025 launch announcement dates its official debut to July 15, 2025, and describes real-time settlement, interest-bearing functionality and asset custody through U.S. Bank. It also identifies Tassat’s settlement infrastructure and account control through tZERO Securities as components of the service.
The network launched with 11 named partners and 13 onboarded clients. By April 2026, it connected more than 30 institutions, including B2C2, Crypto.com, FalconX, Fireblocks, Galaxy and Wintermute. Those participation figures describe network reach, not the value or frequency of payments processed.
| Item | Details |
|---|---|
| 2019 | TassatPay launched, establishing the starting point for Tassat’s cumulative processing history. |
| October 2022 | The Digital Interbank Network launched for participating FDIC-insured banks. |
| July 15, 2025 | Lynq officially launched, as stated in its announcement published the following day. |
| April 2026 | Lynq migrated to a dedicated Avalanche L1 and had more than 30 connected institutions. |
Bank payment systems serve a different role
TassatPay tokenizes U.S. dollar bank deposits into digital payment instruments on a private, permissioned blockchain. Banks use those instruments for real-time business-to-business transfers, including outside conventional banking hours. Western Alliance Bank adopted the platform for its commercial clients.
Tassat introduced multi-currency wallets in 2023, beginning with G7 currencies. That broadened the platform’s capabilities beyond dollar-only payments, although the supplied disclosures do not quantify cross-border transaction activity.
The Digital Interbank Network, launched in October 2022, connects participating FDIC-insured banks. Tassat disclosed more than $500 million in real-time transactions among Cogent Bank, Customers Bank and Western Alliance Bank at its launch.
The distinction is access and purpose: the interbank network is restricted to eligible banks, while Lynq targets institutional digital-asset settlement. Neither should be treated as an unrestricted consumer payment network.
The cumulative transaction figure covers multiple systems
Tassat reports more than $2.5 trillion in transactions across Tassat-powered systems since its technology launched in 2019. That total includes Signet, the digital payments network operated by Signature Bank before the bank’s collapse in March 2023.
The cumulative figure is therefore broader than Lynq’s activity and should not be read as Lynq settlement volume. Similarly, the Digital Interbank Network’s disclosed launch transactions are a separate historical measure, not a current run rate.
Conclusion
Lynq’s dedicated Avalanche L1 adds an institutional digital-asset settlement offering alongside Tassat’s private bank-payment systems. Further disclosures on Lynq’s transaction volumes would help distinguish growing network participation from actual settlement activity; no dated next milestone is specified in the supplied announcements.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
