TLDR:
- ClearToken gets FCA approval for regulated DvP platform, CT Settle.
- CT Settle eliminates settlement risks and enhances capital efficiency.
- ClearToken’s cloud-native platform streamlines digital asset transactions.
- FCA approval signals growth for institutional digital asset adoption.
- ClearToken aims to reshape digital asset infrastructure with CT Settle.
ClearToken has received approval from the UK Financial Conduct Authority (FCA) to launch its Delivery versus Payment (DvP) net settlement platform, CT Settle. This approval marks a significant milestone in ClearToken’s mission to revolutionize digital asset transactions. The platform will offer regulated settlement for digital assets, stablecoins and fiat currencies. It promises to remove settlement risks and improve capital efficiency in trading environments.
ClearToken, as an Authorised Payment Institution under the Payment Services Regulations 2017, will operate CT Settle to streamline post-trade settlement. The system eliminates the need for pre-funding trades, unlocking liquidity and reducing counterparty risks. By providing a true DvP model, ClearToken aims to mirror traditional finance systems, similar to CLS in the foreign exchange market.
ClearToken’s Mission to Reshape Digital Asset Trading
ClearToken’s approval from the FCA represents a pivotal moment in digital asset infrastructure. The company’s platform will provide a regulated environment for institutional participants in the digital asset market. By removing pre-funding requirements, ClearToken’s system will reduce operational costs and enhance efficiency for institutions.
CT Settle’s cloud-native infrastructure will operate 24/7, supporting seamless transactions and centralizing instruction management. The system is designed to reduce risks associated with counterparty exposure and capital inefficiencies. ClearToken’s innovative approach promises to create a solid foundation for digital asset tokenization in the UK and beyond.
ClearToken aims to address the barriers preventing institutional adoption of digital assets. According to CEO Benjamin Santos-Stephens, this approval provides a roadmap for institutional participation and long-term growth in the digital economy. The platform’s launch represents a major step in the integration of digital assets into mainstream financial markets.
ClearToken’s Future Plans for Expansion and Innovation
ClearToken’s roadmap goes beyond the launch of CT Settle, with future plans to seek recognition as a clearing house by the Bank of England. The company also intends to expand into tokenized securities, further solidifying the UK’s role in shaping global digital financial infrastructure. This expansion will be supported by ClearToken’s goal to create a comprehensive, regulated environment for digital assets.
ClearToken has positioned itself as a key player in building regulated financial market infrastructure. The approval for CT Settle enhances the company’s credibility and governance in the rapidly evolving digital finance landscape. The firm’s ongoing efforts will drive adoption and innovation in the digital asset space, establishing the UK as a leader in digital finance regulation.
Through its innovative infrastructure, ClearToken aims to eliminate barriers that have hindered institutional adoption of digital assets. With FCA approval, the company is poised to play a central role in the integration of digital assets into the traditional financial system.
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