Overview
- CT Settle has been authorized to provide true delivery-versus-payment settlement that moves assets and cash simultaneously to cut counterparty risk and remove pre-funding requirements.
- ClearToken Depository Limited is authorized as a Payment Institution under the UK Payment Services Regulations and is registered as a crypto asset firm for anti-money laundering compliance.
- The company was added to the FCA’s crypto service provider registry this month, joining X Capital Group, which received approval on November 4.
- The platform is designed to be venue- and custodian-agnostic, supports cross-market netting across exchanges and OTC venues, and has been tested with major market participants, according to the company.
- ClearToken is pursuing Bank of England approval to stand up a CCP and plans to extend services to tokenized securities via the UK Digital Securities Sandbox as UK authorities advance stablecoin and digital-asset rules.