Lynq integrates U.S. Treasuries for digital asset settlement

Crypto Treasury Firms Face Consolidation Amid Funding Challenges In a rapidly evolving financial landscape, Digital Asset Treasuries, DATs, are confronting significant hurdles. These entities, which leverage tools such as common equity, convertibles, and preferred instruments, are essential for expanding balance sheets and managing ongoing funding. However, the present market environment poses a unique set of challenges for DATs, fundamentally altering their traditional operational strategies. IndexBox data highlights that the current volatility in digital asset markets is exerting additional pressure on treasury operations. Analyst Watkins points out that many first-generation DATs, which have historically emphasized financial engineering rather than core operational strength, are on the brink of collapse as market conditions plunge into a period of stabilization. This scenario predicts an upcoming wave of consolidation within the industry. In response, DATs may need to innovate and potentially explore new, exotic financing structures to maintain their foothold in the market. There's also an undercurrent of caution, as Watkins suggests that if asset premiums convert to discounts, some firms might engage in high-risk balance-sheet maneuvers to cope with growing financial strain. As the industry braces for these changes, the shift towards consolidation could pave the way for more sustainable operational models. Firms that can navigate these challenges through innovation and sound financial practices may emerge stronger, setting new standards for resilience and adaptability in the digital assets arena. #DigitalAssets #TreasuryManagement #FinanceInnovation https://lnkd.in/epzrqYfi

Wallets are the new cash rail for enterprise. 🌐 And they’re re-architecting how liquidity moves across the global economy. A new report by Ubyx Inc. × Finmo shows what’s actually happening behind the jargon. While a bank account ties value to a single institution, a wallet can hold tokenized deposits, regulated stablecoins, and yield-bearing money-market tokens. All programmable and interoperable across blockchains. For treasurers managing 500+ accounts across jurisdictions, that’s a game-changer: → Consolidate into 50–75 wallets → Unlock trapped liquidity → Automate sweeping, FX, and yield → Operate 24/7 with instant settlement and transparent auditability The impact is huge. Fortune 500 firms spend $5–15M annually maintaining legacy account infrastructures, not counting the cost of idle liquidity. Now that tokenized deposits and regulated stablecoins are recognized as cash equivalents under IAS 7, the path is open for adoption. But this shift isn’t plug-and-play. It demands new controls, hybrid coexistence with banks, and robust custody. Yet the prize is enormous: simplified architecture, lower risk, and continuous liquidity optimization. By 2028, wallets won’t replace accounts. They’ll complement them. The winners will be those who act now to re-wire their financial architecture for resilience, automation, and speed. Kudos to Tony McLaughlin (Ubyx Inc.) and David Hanna (Finmo) for mapping the future of corporate treasury. Venturebloxx summarized it for you. See link to original version below. #Stablecoins #Tokenization #Treasury #FinanceTransformation #DigitalAssets #Liquidity #WalletInfrastructure #TokenizedDeposits #Fintech #CorporateTreasury #CFO

Wallets are the new cash rail for enterprise. 🌐 And they’re re-architecting how liquidity moves across the global economy. A new report by Ubyx Inc. × Finmo shows what’s actually happening behind the jargon. While a bank account ties value to a single institution, a wallet can hold tokenized deposits, regulated stablecoins, and yield-bearing money-market tokens. All programmable and interoperable across blockchains. For treasurers managing 500+ accounts across jurisdictions, that’s a game-changer: → Consolidate into 50–75 wallets → Unlock trapped liquidity → Automate sweeping, FX, and yield → Operate 24/7 with instant settlement and transparent auditability The impact is huge. Fortune 500 firms spend $5–15M annually maintaining legacy account infrastructures, not counting the cost of idle liquidity. Now that tokenized deposits and regulated stablecoins are recognized as cash equivalents under IAS 7, the path is open for adoption. But this shift isn’t plug-and-play. It demands new controls, hybrid coexistence with banks, and robust custody. Yet the prize is enormous: simplified architecture, lower risk, and continuous liquidity optimization. By 2028, wallets won’t replace accounts. They’ll complement them. The winners will be those who act now to re-wire their financial architecture for resilience, automation, and speed. Kudos to Tony McLaughlin (Ubyx Inc.) and David Hanna (Finmo) for mapping the future of corporate treasury. Venturebloxx summarized it for you. See link to original version below. #Stablecoins #Tokenization #Treasury #FinanceTransformation #DigitalAssets #Liquidity #WalletInfrastructure #TokenizedDeposits #Fintech #CorporateTreasury #CFO

The G7 Stablecoin Alliance and the Tokenization of the $500 Trillion US Capital Markets - The National File The G-7 Stablecoin Alliance announced yesterday is much more than what is being reported. Together, these developments are poised to accelerate the on-chain migration of America’s $500 trillion securities and derivatives market, unlocking unprecedented efficiencies, bolstering USD dominance, and redefining global money flows. https://lnkd.in/ej-X_A89

Why the Financial System Is Broken https://lnkd.in/eMHhB3YV Simon Tobelem is absolutely right — the system isn’t broken because of failure. It’s broken because of success built on outdated foundations. What began as a network of trust has become a labyrinth of dependency. Each compliance rule, correspondent bank, and audit trail was meant to protect us — yet collectively, they’ve created a trillion-dollar drag on liquidity, innovation, and transparency. But here’s the real shift: 👉 The financial system isn’t malfunctioning — it’s evolving. 👉 The friction we see today is the last resistance before transformation. Tokenisation, programmable money, and AI-driven verification aren’t just buzzwords. They are the architectural redesign of how value moves — rebuilding trust directly into code instead of outsourcing it to intermediaries. At Realis Finance, we see the next generation of finance not as a rebellion against regulation — but as a redesign of trust itself. Compliance doesn’t need to slow transactions. Cross-border payments don’t need to take six days. Settlement doesn’t need to be expensive. The future of finance will not eliminate trust. It will encode it. Complexity created the problem. Transparency will solve it. #FutureOfFinance #Tokenization #DigitalAssets #RealisFinance #BlockchainInnovation #FinancialInclusion #CrossBorderPayments #TrustByDesign

The future of finance is here, and stablecoins are at its forefront. Our latest Citi report, "Stablecoins 2030: Web3 to Wall Street," reveals critical insights into the evolving digital asset landscape. The movement towards real-time settlement and programmable finance is transforming global liquidity. Understand how these developments will impact corporates, institutions, and the broader financial system. Read the full report as you look to navigate the future of money: https://lnkd.in/diV6vtzM

🔎 𝐇𝐨𝐰 𝐢𝐬 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐛𝐞𝐢𝐧𝐠 𝐫𝐞𝐬𝐡𝐚𝐩𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 ? At the Securities Finance Times in London which took place on the 23rd of September, our Head of Fixed Income and Repo, Julien Berge, took part in the engaging SFT panel discussion: “Rewiring Repo: front-to-back automation in a real-time market.” A full on-chain solution is already available, yet technology alone is not enough. Interoperability and standardisation remain key challenges, both essential for the development and implementation of new technologies. As Julien highlighted, automation is the first step, while digitalisation is the ultimate stage – the true renewal of the repo market. We are proud to contribute to these forward-looking discussions that will shape the future of securities finance. 📍Let’s connect together! #AssetManagement #AssetServicing

🔎 𝐇𝐨𝐰 𝐢𝐬 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐛𝐞𝐢𝐧𝐠 𝐫𝐞𝐬𝐡𝐚𝐩𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 ? At the Securities Finance Times in London which took place on the 23rd of September, our Head of Fixed Income and Repo, Julien Berge, took part in the engaging SFT panel discussion: “Rewiring Repo: front-to-back automation in a real-time market.” A full on-chain solution is already available, yet technology alone is not enough. Interoperability and standardisation remain key challenges, both essential for the development and implementation of new technologies. As Julien highlighted, automation is the first step, while digitalisation is the ultimate stage – the true renewal of the repo market. We are proud to contribute to these forward-looking discussions that will shape the future of securities finance. 📍Let’s connect together! #AssetManagement #AssetServicing

𝗟𝗶𝘀𝗲 𝗕𝗲𝗰𝗼𝗺𝗲𝘀 𝘁𝗵𝗲 𝗙𝗶𝗿𝘀𝘁 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 & 𝗦𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗳𝗼𝗿 𝗟𝗶𝘀𝘁𝗲𝗱 𝗘𝗾𝘂𝗶𝘁𝘆 I am proud to announce a historic milestone: Lise – Lightning Stock Exchange has been granted the DLT TSS (Trading and Settlement System) license as part of the authorization process involving the Autorité de contrôle prudentiel et de résolution (ACPR), the Banque de France, and the Autorité des marchés financiers (AMF) – France, as well as the European Central Bank and European Securities and Markets Authority (ESMA). This authorization makes Lise the Europe first stock exchange dedicated to natively tokenized equities. For the first time, a single market infrastructure brings together the functions of a Multilateral Trading Facility (MTF) and a Central Securities Depository (CSD) for listed shares. ⚠️Let’s be clear: a share traded on Lise is a listed share, with an ISIN and the exact same investor rights as on any other stock exchange. Not a derivative. Not a CFD. Real equity. And for the first time, natively tokenized: the share exists only in token form, with the issuer’s shareholder register maintained directly by Lise as the CSD. This is not a digital layer on legacy systems, it is a fundamental redesign of market infrastructure. On traditional market infrastructures, post-trade takes two days and requires coordination across multiple intermediaries, trading venues (MTF), clearing houses (CCPs), interbank payment networks, central securities depositories (CSDs), and central bank platforms. Lise settles instantly, within a single integrated system. With this authorization in place, Lise now delivers: 1️⃣ A new IPO venue, aiming to become the world’s leading market infrastructure for new listings by number of issuers in the coming years. 2️⃣ The first 24/7 stock exchange for equities, where trading is available anytime. 3️⃣ Instant settlement and delivery (DvP), eliminating counterparty risk. 4️⃣ Radical simplification of corporate actions, from dividends and shareholder meetings. And for the first time, issuers will have full, real-time access to their complete shareholder register, including the identity of ultimate investors, even when a custodian stands between them and Lise. 🙏 My sincere thanks to the teams at Gide, Matthieu Lucchesi, Rudolf Efremov, Luc Colin and to Manuel Fajardo of Plenitude Consulting for their decisive support throughout this demanding process. I also wish to thank the Lise team especially Cassandre, Inés, and Hervé whose commitment and rigor were instrumental in achieving this milestone. 👉 The first IPOs on Lise are expected in early 2026.

I was pleased to see Mark Kepeneghian speak on the "Sovereignty & Defense" panel at Finance Innovation's Investment Day this week in Paris. His announcement of Lise's DLT license authorization is a genuine market structure milestone—not hyperbole. Three aspects of Lise's model strike me as particularly significant for European industrial equity: 1. The settlement infrastructure gap is real T+0 settlement isn't just faster—it eliminates the multi-day coordination maze (MTF → CCP → CSD → interbank payment networks) that makes small-cap equity execution expensive. For €50M-€200M market cap companies, this friction cost has been prohibitive. Instant settlement within a single integrated system changes the economics of market-making for industrial SMEs. 2. The timing aligns with a structural coverage vacuum Post-MiFID II unbundling, approximately 270 EU companies lost research coverage between 2018-2020, concentrated in sub-€500M market cap. Traditional brokerage economics don't support deep industrial analysis at this scale. If Lise delivers its stated 2026 IPO pipeline (30-50 companies in energy, infrastructure, defense, deep-tech), we're looking at a new asset class requiring independent research to attract institutional capital. 3. Tokenization forces operational discipline Real equity, not derivatives. Full investor rights (dividends, voting, real-time shareholder register access). This isn't a digital layer on legacy systems—it's native blockchain infrastructure. For growth-stage industrial companies, the transparency premium of listed securities (vs. private equity's opacity) becomes accessible without the €500M+ market cap threshold traditional exchanges require. The research question for 2026: Will institutional allocators deploy capital into Lise-listed SMEs without independent research coverage? Or does the vacuum persist, limiting liquidity and valuation multiples? At N72, our SVI methodology was built for analyzing complex industrial businesses (currently semiconductors). Extending this to Lise's target sectors—energy transition technologies, defense electronics, quantum/photonics hardware—represents a natural adjacency. We're exploring whether independent research coverage could serve institutional investors seeking European industrial exposure without private equity lock-up periods. --- Disclaimer: Analysis, not investment advice. N72 has no commercial relationship with LISE. Any future research coverage would maintain strict independence per our compliance framework. Question for those working with industrial SMEs (€50M-€300M revenue) in energy/defense/deep-tech: How are you evaluating tokenized exchanges vs. traditional listing paths?