ClearToken has launched CT Settle, a regulated settlement platform for institutional digital asset trading that operates around the clock and uses delivery versus payment to reduce counterparty risk. The service received FCA approval last month.
The London based company completed its initial settlement cycle between regulated exchange LMAX Digital and Flow Traders, with Zodia Custody providing digital asset custody and Bank Frick handling banking services.
CT Settle addresses capital inefficiencies in digital asset markets by offering a netting process that reduces the amount of collateral institutions must hold across fragmented trading venues. The platform centralizes trade settlement through a single ruleset, streamlining reconciliation for institutions operating across multiple exchanges and custody providers.
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