UK regulators approve ClearToken's cryptocurrency and stablecoin settlement platform.

According to Financefeeds, London-based digital asset clearing and settlement company ClearToken has been authorized by the UK Financial Conduct Authority (FCA) to operate its Delivery vs. Payment (DvP) platform, CT Settle. This system will handle spot trading of crypto assets, stablecoins, and fiat currencies, extending traditional financial infrastructure standards to the digital market.

This approval allows regulated financial institutions to settle transactions in a controlled environment, mirroring the security and operational discipline of traditional clearing systems. ClearToken states that CT Settle aims to address a structural weakness in cryptocurrencies—capital inefficiency in pre-funded transactions on exchanges and OTC desks—by improving this situation through true DvP settlement that enables simultaneous transfer of cash and assets.

The company has secured investor backing, including Laser Digital, a subsidiary of Nomura Securities. ClearToken plans to introduce a Central Counterparty Clearinghouse (CCP) after obtaining approval from the Bank of England and expand its services to tokenized securities through a digital securities sandbox program. The platform is expected to launch in early 2025.