ClearToken launches FCA-regulated digital assets settlement service

ClearToken, having received regulatory approval from the UK’s Financial Conduct Authority (FCA), has launched its digital asset settlement solution, CT Settle. The platform aims to revolutionize institutional digital asset trading by providing a delivery-vs-payment (DvP) model and netting process for both cryptocurrencies and fiat currencies, thereby reducing capital reserve needs for participants. CT Settle enables 24/7 instant settlement of trades, minimizing counterparty risk and offering predictable cash movements. Benjamin Santos-Stephens, CEO of ClearToken, stated that the launch is a “major milestone” in building trusted, regulated infrastructure for institutional participation in the digital asset market.

ClearToken is collaborating with key partners, including LMAX Digital, Flow Traders, Zodia Custody, Bank Frick, and Nasdaq Eqlipse Clearing, with an initial group of over market participants already onboarded. The platform has successfully completed its first settlement cycle involving netted cryptoasset and fiat currency transactions.

Looking ahead, ClearToken is seeking approval from the Bank of England for CT Clear, a service that will introduce central counterparty clearing. The company’s overall vision is to establish a unified ecosystem for traditional finance, focusing on tokenization and institutional adoption, and to “bring trust, transparency, and operational rigour to an evolving digital asset ecosystem.”

(Source：Invezz)