Tassat Group Secures U.S. Patent for Innovative Onchain Settlement Technology
- Tassat Group has received a U.S. patent for its onchain “yield-in-transit” (YIT) technology.
- The technology allows continuous interest accrual during asset ownership changes in settlement processes.
- YIT is designed for high-velocity, always-on settlement environments, enhancing clarity on yield distribution.
- More than 50 institutions are onboarding to Tassat’s Lynq network, which supports tokenized assets and stablecoins.
- The network includes partnerships with firms like Arca Labs, tZERO Group, and U.S. Bank.
The YIT technology enables institutional clients to earn interest on assets during settlement, potentially improving liquidity management across markets. This advancement reflects Tassat’s commitment to innovation in DeFi solutions for digital asset institutions.
With the patent secured, Tassat aims to enhance how market makers and custodians manage on-chain liquidity by allowing intraday interest accrual as assets transition through settlements.(Source)
