ClearToken – a company developing regulated financial market infrastructure – has just been approved by the UK Financial Conduct Authority (FCA) to deploy the CT Settle payment platform for stablecoins and cryptocurrencies. This “delivery versus payment” (DvP) system enables efficient transactions between fiat, stablecoins, and digital assets, while meeting similar regulatory standards as traditional finance.
ClearToken has become the 57th company to be licensed since the UK Cryptocurrency Asset Register was launched in 2020. According to the company, CT Settle aims to reduce counterparty risk, increase liquidity, and encourage financial institutions to accept digital assets.
This move comes amid the Bank of England and the country's Treasury expanding regulations on stablecoins and cryptocurrencies, demonstrating a commitment to integrating digital assets into the mainstream financial system.
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