Tassat Wins U.S. Patent for 'Yield-in-Transit' Onchain Settlement Tech

Overview

Tassat has secured a U.S. patent for its innovative ‘Yield-in-Transit’ on-chain settlement technology. This new intellectual property is significant as it facilitates intraday, block-by-block interest accrual during continuous settlement operations. The technology is foundational to Lynq, an institutional network that Tassat co-launched in July.

What Happened

Tassat’s recent patent acquisition marks a notable advancement in the cryptocurrency and blockchain space. The ‘Yield-in-Transit’ on-chain settlement technology enables financial transactions to accrue interest in real-time while facilitating settlements around the clock. The ability to manage interest accrual on an intraday basis is a crucial innovation that could enhance the efficiency of financial transactions conducted on blockchain networks.

This new technology is particularly relevant for institutional investors and traders who require timely and precise settlement processes. By allowing interest to accrue block-by-block, Tassat’s system offers a more dynamic approach to handling transactions, catering to the demands of a fast-paced trading environment.

The launch of Lynq, the institutional network co-founded by Tassat, further emphasizes the importance of this patent. Lynq aims to connect institutional players with a reliable platform for executing and settling transactions, thereby enhancing the functionality and appeal of blockchain solutions in the financial sector. The patent serves as a vital component of this network, ensuring that Tassat’s offerings are both innovative and competitive in the growing landscape of digital finance.

From author

The acquisition of the patent for ‘Yield-in-Transit’ technology is a strategic move by Tassat to solidify its position within the blockchain market. By focusing on intraday interest accrual, Tassat not only addresses a critical need for enhanced transaction efficiency but also sets a new standard for how financial instruments can operate on blockchain platforms. This advancement could potentially influence other players in the industry, prompting them to explore similar technologies that enhance transaction capabilities.

The launch of Lynq alongside this patent underscores a growing trend towards institutional adoption of blockchain technology. As traditional financial institutions seek to integrate blockchain solutions into their operations, patents like Tassat’s may play a crucial role in defining the competitive landscape. The focus on real-time interest accrual aligns with the increasing demand for speed and efficiency in financial transactions.

Impact on the crypto market

• The patent could enhance the appeal of blockchain technology among institutional investors.
• Tassat’s innovation may inspire similar advancements from competitors in the space.
• The focus on intraday interest accrual could lead to a shift in how financial transactions are structured on blockchain networks.
• The launch of Lynq may encourage further institutional adoption of blockchain solutions.
• Tassat’s technology could set a precedent for future developments in on-chain settlement processes.