# Tassat > Transform how you transact with private blockchain-based solutions Tassat provides private permissioned blockchain-based real-time settlement infrastructure for regulated financial institutions. It serves partners across financial services, digital assets, healthcare, real estate, and construction. Tassat is a company that builds private permissioned blockchain infrastructure for real-time settlement and payments. Its TassatPay platform lets financial institutions offer corporate clients continuous settlement, tokenized deposits, multi-currency wallets, and smart contract-based payment automation. It serves regulated partners across financial services, digital assets, healthcare, real estate, and construction. Transactions run on a private permissioned blockchain, with balances fully backed by deposits held at FDIC-insured institutions, addressing counterparty risk and settlement delay common to traditional payment rails. A patented Yield-in-Transit mechanism lets participants accrue interest continuously during settlement and collateral operations, keeping capital productive throughout the transaction lifecycle. Tassat co-developed Lynq, a real-time settlement and collateral network for digital asset institutions built with Arca Labs and tZERO. The company is developing Project NENYA, a reserve management platform for regulated stablecoin issuers and banks. Tassat is used by banks, corporate treasuries, and digital asset institutions seeking regulated real-time settlement. - Type: Company - Sector: Payments - Status: Active - Founded: 2017-01-01 - Profile: https://thegrid.id/profiles/tassat ## Products - [TassatPay](https://thegrid.id/profiles/tassat): TassatPay is a private permissioned blockchain payment network that lets banks offer corporate clients real-time B2B settlement around the clock. The platform integrates with core banking systems via API and supports smart contract functionality for automated transaction logic, multi-currency wallet management, and Fedwire transfers, with a Yield-in-Transit feature allowing balances to earn yield while in the payment flow. All transactions are backed by deposits held at FDIC-insured institutions. Banks and their corporate clients use the platform to move funds without transaction limits and with full audit capability. (Payment network, Live, Main Product) - [Project NENYA](https://thegrid.id/profiles/tassat): Project NENYA is a reserve management and execution platform in development for regulated stablecoin issuers and their partner banks. It is designed to connect issuers and depository institutions on a shared platform for distributing and optimizing reserves across cash deposits and tokenized high-quality liquid assets, with real-time visibility and reporting for counterparties. The platform aims to reduce reserve fragmentation and counterparty risk as stablecoin issuance scales. Project NENYA has been announced with a published whitepaper and is expected to launch in early 2027. (Financial Services Platform, In Development) ## Links - [Main](https://tassat.com) - [Privacy policy](https://www.tassat.com/privacy-policy) - [Terms of Service](https://www.tassat.com/terms-of-use) - [Twitter / X](https://twitter.com/tassatgroup) - [LinkedIn](https://www.linkedin.com/company/tassat) ## Relationships - [Lynq](https://thegrid.id/profiles/lynq): Subsidiary ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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