ClearToken unveils CT Settle
09 December 2025 UK
Image: Martn/stock.adobe.com
ClearToken has launched CT Settle, a multi-currency service designed to modernise how global financial institutions settle trades across the digital asset market.
The multi-currency service completed its first complete settlement cycle, settling netted cryptoasset, and fiat currency transactions between regulated institutional exchange, LMAX Digital, and Flow Traders.
The settlement transactions were conducted using Zodia Custody and Bank Frick as sole digital custody and banking partners, respectively, together with technology powered by Nasdaq Eqlipse Clearing.
ClearToken’s CT Settle offers market participants a netting process that reduces the amount of capital participants must hold in reserve, freeing up working capital across fragmented venues for other trading activities.
CT Settle works on a delivery-versus-payment (DvP) model, meaning that digital assets and the fiat currency change hands at exactly the same time.
Benjamin Santos-Stephens, founder and CEO of ClearToken, comments: “CT Settle reduces failed trades, simplifies settlement, reduces capital requirements, and helps institutions operate with predictable cash movements.
“As a UK FCA-regulated platform, CT Settle gives our clients the confidence to enter this space, knowing credit, operational, and regulatory risks are managed.”
Julian Sawyer, CEO of Zodia Custody, adds: “We believe in a compliant market infrastructure that enables consistent results for clients across all venues.
“As the sole custodian, we provide CT Settle with the right custody offerings through Zodia Custody’s solutions, our white-label digital asset custody service that empowers global institutions to navigate the digital asset future and reap the benefits of decentralised finance.”
The multi-currency service completed its first complete settlement cycle, settling netted cryptoasset, and fiat currency transactions between regulated institutional exchange, LMAX Digital, and Flow Traders.
The settlement transactions were conducted using Zodia Custody and Bank Frick as sole digital custody and banking partners, respectively, together with technology powered by Nasdaq Eqlipse Clearing.
ClearToken’s CT Settle offers market participants a netting process that reduces the amount of capital participants must hold in reserve, freeing up working capital across fragmented venues for other trading activities.
CT Settle works on a delivery-versus-payment (DvP) model, meaning that digital assets and the fiat currency change hands at exactly the same time.
Benjamin Santos-Stephens, founder and CEO of ClearToken, comments: “CT Settle reduces failed trades, simplifies settlement, reduces capital requirements, and helps institutions operate with predictable cash movements.
“As a UK FCA-regulated platform, CT Settle gives our clients the confidence to enter this space, knowing credit, operational, and regulatory risks are managed.”
Julian Sawyer, CEO of Zodia Custody, adds: “We believe in a compliant market infrastructure that enables consistent results for clients across all venues.
“As the sole custodian, we provide CT Settle with the right custody offerings through Zodia Custody’s solutions, our white-label digital asset custody service that empowers global institutions to navigate the digital asset future and reap the benefits of decentralised finance.”
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