BridgePort, the middleware provider for institutional crypto, has made two significant moves to enhance digital asset settlement. The firm has announced a strategic partnership with Lynq, the real-time settlement network, and is also building a new application for real-time variation margin settlement on the Canton Network.
The collaboration with Lynq is set to deliver a more streamlined and efficient off-exchange settlement experience for institutional clients. By integrating BridgePort’s middleware technology with Lynq’s network, the partnership aims to tackle major challenges in the digital asset market, including capital inefficiency and settlement risk. For the eighteen financial institutions and trading firms already on the Lynq network, this integration will enable them to execute across multiple venues and utilise real-time messaging for more effective collateral management.
Commenting on the partnership, Jerald David, CEO of Lynq, said: “This collaboration aligns with our vision to offer comprehensive, real-time, interest-bearing settlement capabilities, while giving institutions greater flexibility with respect to pre-order credit allocation and post-trade settlement driving greater capital efficiency.”
Nirup Ramalingam, CEO of BridgePort, added: “This partnership with Lynq represents a significant milestone when it comes to expanding the network of institutional market participants BridgePort interfaces with following our recent production launch. Lynq’s real-time interest-bearing settlement infrastructure, purpose-built for the institutional participants in the digital asset industry makes them an ideal partner as we look to bridge the gaps that exist in current crypto market infrastructure.”
In a concurrent development, BridgePort is also building a new application on the Canton Network, the privacy-enabled blockchain ecosystem. This tool is designed to improve the management of collateral and margin obligations for bilateral derivatives, a traditionally complex and fragmented area. The application will provide trading counterparties with greater privacy and precision by automating netting and settlement instructions, ensuring that sensitive trade data remains confidential.
“Building this settlement application on Canton is a meaningful step in BridgePort’s mission to modernise market infrastructure,” commented Ramalingam. “Derivatives markets today are hindered by capital inefficiency and fragmented systems. By developing a real-time, privacy-preserving app for collateral and margin management for OTC trading, we’re showing how institutions can collaborate with greater trust, efficiency, and regulatory confidence. We see this as an exciting opportunity not only for BridgePort, but for trading firms on Canton that want to unlock the benefits of a more seamless, secure OTC settlement.”
These initiatives from BridgePort highlight a growing trend in the institutional digital asset space: the demand for more robust, interoperable, and privacy-focused infrastructure. By creating solutions that address both off-exchange settlement and variation margin management, BridgePort is positioning itself as a central figure in building the next generation of institutional-grade digital asset infrastructure. The dual announcements signal a clear move towards bringing the standards of traditional finance to the evolving digital asset markets, enhancing how trading firms, exchanges, and custodians coordinate and manage settlement processes.
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