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Lynq and The Better Money Company Successfully Test Asset Conversion to RLUSD
On October 13, 2026, Lynq, an institutional settlement network operated by tZERO Securities, and The Better Money Company (TBMC), a stablecoin clearinghouse, successfully completed a live proof-of-concept that converted client assets into Ripple's USD stablecoin, RLUSD, in a matter of minutes. This test marks the first phase of a collaboration aimed at enhancing the efficiency of digital asset settlements.
The rapid conversion was facilitated by Lynq's pre-funded workflow, which allows funds to be positioned before transactions commence, minimizing delays. During the test, a client's assets were already held on Lynq, enabling TBMC to handle the conversion swiftly. While the test demonstrated the functionality of their partnership, it is not yet a fully developed product available to all clients.
Lynq operates continuously, providing real-time, interest-bearing transfers and has onboarded over 30 institutional partners since its inception, with reported assets exceeding $89 million earlier in 2026. TBMC's model aims to enhance liquidity across various stablecoins, ensuring 1:1 fungibility and a transparent settlement process, supported by its custody partnership with BitGo.
This collaboration is part of a larger initiative to rebuild institutional settlement frameworks for digital assets, particularly following the closure of significant banking networks in 2023. The partnership seeks to connect tokenized treasuries—government debt represented on a blockchain—with stablecoin systems, potentially allowing institutions to earn yield while facilitating quick dollar transactions. Future developments, including a Phase 2 announcement or the addition of new stablecoins to TBMC's clearinghouse, will be crucial in determining the sustainability of this infrastructure.
Source: KLEA News