ClearToken gets FCA nod for crypto settlement platform amid UK rules push

ClearToken won FCA approval for a regulated crypto settlement system, signaling the UK’s push to bring digital assets under its financial framework.

ClearToken, a digital asset clearing and settlement company, has received approval from UK regulators to launch a system for settling crypto and stablecoin transactions — a move that underscores the country’s push to expand oversight of digital finance.

The company announced Tuesday that it had received authorization from the Financial Conduct Authority (FCA) to operate its Delivery versus Payment (DvP) settlement platform, known as CT Settle, which will support spot trades in crypto assets, stablecoins and fiat currencies.

Once CT Settle becomes operational, regulated financial institutions will be able to use a digital asset settlement system that functions under the same regulatory and operational standards as traditional financial infrastructure.

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