ClearToken Gets Green Light From UK Regulator for Crypto Settlement Platform
ClearToken Secures Green Light from UK Regulator for Digital Asset Settlement Service
ClearToken obtained approval from the UK’s FCA to introduce CT Settle, a payment-versus-delivery settlement platform for crypto assets, stablecoins, and traditional currency.
By Jamie Crawley, AI Boost|Edited by Sheldon Reback Nov 11, 2025, 4:29 p.m.
What to know:
- ClearToken secured FCA’s go-ahead to launch CT Settle, a delivery-versus-payment (DvP) settlement system supporting crypto, stablecoins, and conventional currencies.
- The platform gets rid of obligatory pre-funding and facilitates concurrent transfers of assets and payments, releasing liquidity for institutional investors.
- This framework mirrors traditional market setups, like CLS in the FX arena, laying groundwork for a supervised clearing and settlement tier for digital assets.
ClearToken reported that it was given the go-ahead by the UK’s Financial Conduct Authority (FCA) for CT Settle, a delivery-versus-payment (DvP) clearing system for digital assets, stablecoins and government-issued currencies.
The market infrastructure organization, headquartered in London, intends to address one of the industry’s most persistent challenges: capital inefficiencies arising from the necessity to pre-fund trades on exchanges and in over-the-counter markets, the firm announced Tuesday.
CT Settle facilitates genuine DvP clearing, enabling assets and payments to be transferred at the same time, diminishing counterparty risk and unlocking capital by removing the precondition for prefunded security, as per the organization.
With support from Laser Digital, a Nomura affiliate, among other backers, ClearToken is developing a post-trade infrastructure for round-the-clock digital markets. Its systems are engineered to introduce the risk management and judicial certainty of traditional finance to crypto trading, emulating models such as CLS in the foreign exchange market.
Looking beyond CT Settle, the company intends to introduce a central counterparty clearing house (CCP), awaiting clearance from the Bank of England, and broaden its services to tokenized securities by means of the UK’s Digital Securities Sandbox.
The business is among the latest additions to the FCA’s compilation of authorized crypto service vendors this month. X Capital Group successfully gained endorsement on Nov. 4.
