ClearToken secures FCA authorisation
11 November 2025 UK
Image: brillianata/stock.adobe.com
ClearToken, a digital financial market infrastructure firm, has received UK Financial Conduct Authority (FCA) approval to launch its Delivery versus Payment (DvP) net settlement system.
ClearToken, is authorised by the FCA to operate as an Authorised Payment Institution under the Payment Services Regulations 2017 and is registered as a cryptoasset firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Both permissions contribute fundamentally to supporting the DvP settlement and trade netting of digital assets.
The FCA authorisation marks a first step in ClearToken’s roadmap to deliver a horizontal market infrastructure for global digital assets clearing and settlement.
ClearToken’s DvP post-trading net settlement system, CT Settle, will be launched for digital assets on an unmargined basis, focused on eliminating settlement risk, and addressing the fundamental challenge of capital inefficiency in a predominantly pre-funded trading environment.
Benjamin Santos-Stephens, CEO of ClearToken, remarks: “This authorisation is a seminal moment, not just for ClearToken, but also for institutional participation as it provides a clear and realistic roadmap for growing the digital asset economy.
“The launch of CT Settle, our regulated DvP service, directly addresses the credit risks and capital inefficiencies that have constrained the growth of institutional digital markets.”
Niki Beattie, chair of ClearToken, adds: “This is the catalyst that will allow digital assets to be adopted at scale. The introduction of governance, credibility, and operational resilience that comes with being a fully regulated UK institution means that serious institutional capital can now move with greater confidence into these markets. “
ClearToken, is authorised by the FCA to operate as an Authorised Payment Institution under the Payment Services Regulations 2017 and is registered as a cryptoasset firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Both permissions contribute fundamentally to supporting the DvP settlement and trade netting of digital assets.
The FCA authorisation marks a first step in ClearToken’s roadmap to deliver a horizontal market infrastructure for global digital assets clearing and settlement.
ClearToken’s DvP post-trading net settlement system, CT Settle, will be launched for digital assets on an unmargined basis, focused on eliminating settlement risk, and addressing the fundamental challenge of capital inefficiency in a predominantly pre-funded trading environment.
Benjamin Santos-Stephens, CEO of ClearToken, remarks: “This authorisation is a seminal moment, not just for ClearToken, but also for institutional participation as it provides a clear and realistic roadmap for growing the digital asset economy.
“The launch of CT Settle, our regulated DvP service, directly addresses the credit risks and capital inefficiencies that have constrained the growth of institutional digital markets.”
Niki Beattie, chair of ClearToken, adds: “This is the catalyst that will allow digital assets to be adopted at scale. The introduction of governance, credibility, and operational resilience that comes with being a fully regulated UK institution means that serious institutional capital can now move with greater confidence into these markets. “
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