Tassat Group

What Tassat Group does

Tassat Group Inc. is a New York-based private blockchain infrastructure provider founded in 2017 (Delaware-incorporated in 2021), building permissioned blockchain rails for real-time institutional settlement. The company's core product, TassatPay, is a private permissioned blockchain platform that processes transactions 24/7/365 with no transaction limits, full audit trails, smart-contract automation, and asset tokenization, with every transaction backed by deposits at FDIC-insured banks. Tassat operates two network products on top of this infrastructure: the Digital Interbank Network, which connects U.S. banks (Silvergate, Signature, Customers Bank, Western Alliance) for tokenized B2B settlement, and Lynq, a co-founded digital-asset settlement network with Arca Labs and tZERO that uses tokenized money market funds as payment instruments and was migrated to a dedicated Avalanche Layer 1 in April 2026.

Tassat monetizes through enterprise subscription licensing of its blockchain platform combined with transaction/settlement fees, sold via a consultative enterprise sales motion with quote-based pricing. Its customer base is concentrated in U.S. banking, with vertical expansion into logistics, private equity, healthcare, construction, and franchise finance; the Yield-in-Transit™ patented module extends settlement into yield-bearing collateral across 25+ production institutions. The platform integrates with major core banking systems (FIS, Fiserv, Thought Machine, Jack Henry) and has passed a 2025 SOC 2 Type 2 examination.

The company has raised approximately $60.5 million in total equity funding since 2017 and reports cumulative settlement volume exceeding $2.5 trillion across its infrastructure. Recent strategic moves include the May 2026 Cari Network partnership to extend tokenized deposit infrastructure to U.S. mid-sized banks, the April 2026 Lynq Avalanche upgrade, and the 2025 production launches of Lynq and Yield-in-Transit™.

Name

Tassat Group

Legal name

Tassat Group Inc.

Website

https://tassatpay.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Tassat Group is a New York-based private blockchain infrastructure provider that operates TassatPay, a permissioned blockchain settlement platform used by U.S. banks and financial institutions for 24/7/365 tokenized B2B payments and digital-asset settlement via its Lynq network.

Ownership category

akta.pro rank

Product category

Blockchain Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Blockchain Settlement & Clearing Infrastructure (On-/Off-chain Post-Trade) (FSAGAMAC)

akta.pro secondary industries

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI)

Keywords

• Blockchain payment infrastructure
• Real-time settlement platform
• Interbank network solutions
• Tokenized deposit networks
• Digital asset settlement

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Platform Licensing and Technology Fees: Tassat generates revenue by licensing its blockchain infrastructure and technology platform to financial institutions and enterprise partners. The platform enables banks to offer their corporate clients real-time settlement capabilities through TassatPay.
2. Transaction/Settlement Fees: Revenue is generated from transaction processing on the network, including real-time settlement services for institutional partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Tassat operates a private permissioned blockchain-based platform (TassatPay) that enables financial institutions and their corporate clients to execute real-time payment settlements 24/7/365 using tokenized bank money. The platform powers the Digital Interbank Network, connecting U.S. banks for B2B settlement, and underpins the Lynq network for digital asset capital markets settlement with tokenized money market funds as payment instruments.

Product overview

Tassat Group operates as a digital private blockchain infrastructure provider for banks and financial institutions. The core product portfolio consists of TassatPay (the proprietary private permissioned blockchain-based real-time settlement platform) and the Digital Interbank Network (the network layer powered by Tassat that connects bank participants). TassatPay provides the underlying blockchain infrastructure, smart contract automation, and API connectivity for real-time settlement, while the Digital Interbank Network is the named network product through which banks participate. A distinct sub-brand, Lynq, is a real-time settlement network for digital asset capital markets co-founded with Arca and tZero, built on Tassat's payment network infrastructure (predecessor Signet). Lynq uses tokenized money market funds as payment instruments and offers yield-bearing settlement. The add-on module Yield-in-Transit™ extends Lynq with a patented yield-bearing settlement and collateral feature for idle capital. Tassat's platform integrates with core banking providers (FIS, Fiserv, Thought Machine, Jack Henry) and is SOC 2 Type 2 certified.

Differentiator

Problem solved

Functional benefit

Brands

• TassatPay: Digital Interbank Network platform enabling real-time settlement capabilities for banks and their corporate clients 24/7/365.
• Lynq

Products and services

• TassatPay

Quantifiable outcome

• Over $2.5 trillion in secure, instantaneous transactions processed to date
• +3 more outcomes

Named customers11 records

Segments9 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature7 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Cari NetworkflagshipStrategic or Co-development Partner · 6 May 2026Strategic partnership to accelerate development of Cari's tokenized deposit platform for U.S. banks. Cari will acquire and incorporate select Tassat technologies and technical expertise. Partnership builds on Cari's MVP launch with six design partner banks, with eight additional banks committed ahead of production launch. Endorsed by the Mid-Size Bank Coalition of America.
• AvalanchecoreTechnology or Integration · 29 April 2026Tassat upgraded Lynq real-time settlement and collateral network to a dedicated Avalanche Layer 1 blockchain, enhancing performance and scalability for digital asset capital markets. Migration completed with full state continuity for existing users and integrations, positioning Lynq to serve over 30 institutional partners.
• Arca LabscoreStrategic or Co-development Partner · 1 July 2025Co-founder and core partner of Lynq, a settlement network using tokenized money market funds. Arca issues the TFND tokenized MMF on Avalanche, which serves as payment instruments on the Lynq platform. Lynq has reached 30 institutional members and $89 million in assets.
• tZEROcoreStrategic or Co-development Partner · 1 July 2025Co-founder and core partner of Lynq, providing broker-dealer and custodial functions for the settlement network. Lynq addresses the gap created during the 2023 banking crisis when digital asset firms lost 24/7 payment networks Signet and SEN.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Fireblocks: Fireblocks provides digital asset settlement, custody, and transfer infrastructure used by banks, trading firms, and exchanges, competing with the Lynq network for institutional digital asset settlement workflows.
• Ripple: Ripple offers blockchain-based real-time cross-border and domestic settlement infrastructure (XRP Ledger, RippleNet) to banks and payment providers, directly overlapping with TassatPay's value proposition of bank-grade 24/7 settlement.
• Circle Internet Group: Circle issues USDC and operates settlement and treasury infrastructure for digital asset markets, competing directly with Lynq for tokenized money settlement on behalf of digital-asset firms and institutions.
• Paxos: Paxos issues regulated stablecoins (USDP, PYUSD) and provides tokenization infrastructure for financial institutions, overlapping with Tassat's tokenized deposit platform and stablecoin-adjacent settlement capabilities.
• Fnality International: Fnality operates a consortium-backed tokenized commercial bank money (USC) settlement network for institutional wholesale payments, directly competing with Tassat's Digital Interbank Network and tokenized deposit offerings.

Emerging players

• Zero Hash: Zero Hash provides embedded crypto and stablecoin infrastructure (custody, settlement, payments APIs) for fintechs and banks, competing with Tassat's tokenized deposit and real-time settlement offerings for similar institutional clients.
• BitGo: BitGo delivers digital asset custody, trading, and settlement infrastructure to institutions, overlapping with Lynq's positioning as a settlement network for digital-asset capital markets.
• tZERO: tZERO is a co-founder partner on Lynq providing broker-dealer and custody rails, while also running its own blockchain-based securities trading platform with comparable institutional settlement capabilities.

Broad incumbents

• R3 (Corda): R3 provides enterprise blockchain (Corda) and digital asset infrastructure to a large consortium of global banks, addressing similar real-time settlement and tokenization use cases as Tassat but at much larger scale and incumbency.
• JPMorgan (Onyx / JPM Coin): JPMorgan's Onyx platform and JPM Coin provide internal and external blockchain-based wholesale payment rails using tokenized deposits, representing a scaled in-house alternative to TassatPay for the largest banks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tassatgroup
• LinkedInlinkedin.com/company/tassat

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tassat Group