ClearToken, the digital financial infrastructure provider authorized by the UK’s Financial Conduct Authority (FCA), launched three institutional digital asset platforms on the Canton Network: CT Register, CT Pay and CT Settle.
CT Register covers the tokenization and detokenization of fiat currency, stablecoins and securities. CT Pay manages PvP payments and settlements (payment versus payment), eliminating Herstatt risk in cross-currency transactions. CT Settle, for its part, executes FCA-authorized net DvP settlements (delivery versus payment) across fiat, crypto and stablecoin assets.
According to Benjamin Santos-Stephens, CEO of ClearToken, the suite deployed on Canton Network gives institutions “the end-to-end regulated settlement stack they need to unlock tokenization“. Canton Network counts heavyweight clients such as DTCC, Goldman Sachs, Euroclear and Tradeweb. The products target a stablecoin market with a capitalization exceeding $318 billion.
ClearToken also announced its intention to seek approval from the Bank of England to expand operations in clearing and margins through that institution’s Digital Securities Sandbox.
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