Lynq, the Real-Time Yield-Bearing Settlement Network, Appoints Jerald David as CEO

Jerald David brings more than 20 years of experience in financial services, market structure and digital assets, having held leadership roles at Arca Labs, EverMarkets (EMX), the Dubai Mercantile Exchange (DME), CME, and NYMEX

NEW YORK--(BUSINESS WIRE)--Lynq, the real-time, yield-bearing settlement network for digital assets, today announced the appointment of Jerald David as its Chief Executive Officer. A seasoned leader in digital assets innovation and financial infrastructure, Jerald David previously served as President of Arca Labs since 2019. Announced in April 2025, Lynq was developed through a collaboration between Arca Labs, Tassat Group, and tZERO Group.

“Lynq is on a mission to provide a settlement solution that solves for market fragmentation, mitigates counterparty credit risk, and delivers yield back to users of the platform,” said Jerald David. “I’m honored to lead the network towards that goal. This effort would not be possible without the support of our growing consortium of institutional sponsors, and the vision, commitment, and deep expertise of our joint venture partners, Tassat and tZero, whose collaboration has laid the foundation for a truly transformative industry solution.”

As CEO of Lynq, Jerald David will apply more than 20 years of experience in financial services and over 8 years in digital assets to continue driving innovation in digital asset market infrastructure. Prior to his appointment at Lynq, he was the President of the Adviser to the first ‘40 Act Fund to issue shares as digital asset securities, the Arca US Treasury Fund. He started his career in digital assets as COO at Evermarkets (EMX), an exchange designed to trade traditional commodities and digital assets on one platform. Prior to that, he held leadership positions at the CME, NYMEX and DME.

“Jerald has been instrumental in the conception and development of Lynq,” said Rayne Steinberg, CEO of Arca. “His leadership at Arca Labs, strong relationships within the industry, and deep understanding of both TradFi and digital asset securities make him the ideal person to guide Lynq through its launch and growth.”

“Jerald’s conviction has been a guiding force for bringing Lynq from an idea to reality since our first meeting about the project 18 months ago,” said Thomas Restout, Group CEO of B2C2. “We are excited for him to lead Lynq through its launch and execute our shared vision.”

The Lynq network aims to provide scalable and efficient settlement rails that address the unique challenges of the digital asset ecosystem, including market fragmentation, counterparty risk, and evolving regulatory frameworks. The Lynq consortium — which includes Avalanche, B2C2, Crypto.com, Galaxy (TSX: GLXY), U.S. Bank and Wintermute — helps ensure liquidity and mass institutional participation within the industry.

To learn more about Lynq and join the network, please visit https://lynq.network.

About Lynq

Lynq is a broker-dealer operated, real-time settlement utility powered by a tokenized treasury fund custodied at a special purpose broker-dealer. Developed by Arca Labs, Tassat, and tZERO Group, and supported by a syndicate of leading digital asset and TradFi institutions, Lynq offers clients a scalable and inclusive settlement service on a proven end-to-end platform. Built by the industry, Lynq delivers yield and transparent proof of reserves within a bankruptcy-remote architecture that minimizes counterparty risk. Lynq’s patent-pending Yield-in-Transit technology enables users to maximize earned interest even during settlement operations, driving unprecedented capital efficiency. Yield is calculated by the fund administrator, Ultimus Fund Solutions. For more information, please visit https://lynq.network.