ClearToken has secured official authorization from the UK Financial Conduct Authority (FCA) to operate its CT Settle platform, a regulated Delivery versus Payment (DvP) net settlement system for digital assets.
This marks a landmark moment for the UK’s digital finance ecosystem, providing a compliant infrastructure for institutional participation in the crypto market.
The authorization allows ClearToken to function as both an Authorised Payment Institution and a registered cryptoasset firm, giving it full regulatory clearance to operate within the UK’s evolving digital asset framework.
CT Settle: Reducing Risk and Improving Efficiency
The CT Settle system is designed to eliminate settlement risk and enhance capital efficiency by enabling atomic settlement of transactions involving cryptoassets, stablecoins, and fiat currencies. This DvP model ensures that the transfer of assets and payments occur simultaneously, a standard long used in traditional financial markets but rarely applied in digital asset trading.
Strengthening the UK’s Institutional Crypto Infrastructure
ClearToken’s backers include several major institutional players, such as Laser Digital, Nasdaq, Flow Traders, XTX, and Zodia Custody, underscoring growing confidence in regulated digital finance infrastructure.
Industry observers view the FCA’s approval as a significant milestone for the UK, reinforcing its ambition to become a global hub for digital assets and providing a robust foundation for institutional-grade settlement in crypto markets.