ClearToken Receives FCA Approval to Launch Digital Asset Settlement Platform CT Settle

Odaily Planet Daily reports that the UK Financial Conduct Authority (FCA) has approved London-based ClearToken to launch CT Settle, a regulated digital asset settlement platform. The platform will employ a delivery versus payment (DvP) mechanism, allowing institutions to simultaneously settle transactions in cryptocurrencies, stablecoins, and fiat currencies. This regulatory approval reportedly grants ClearToken dual status as an "authorized payment institution" and a "crypto asset registry." The company plans to further expand into centralized clearing and margin services through the Bank of England's "Digital Securities Sandbox." (The Block)