ClearToken has received authorization from the U.K.’s Financial Conduct Authority for its CT Settle platform, a delivery-versus-payment system for digital assets, stablecoins, and fiat currencies.
The London-based firm aims to eliminate the need for prefunded trades, improving capital efficiency and reducing counterparty risk. Backed by Nomura’s Laser Digital, ClearToken is building a 24/7 post-trade infrastructure modeled on traditional financial systems.
It also plans to launch a central counterparty clearing house pending Bank of England approval and expand into tokenized securities through the Digital Securities Sandbox.
You need to login in order to Like
Leave a comment