The UK financial market infrastructure ClearToken has launched three “digital asset platforms” (DAPs) on the Canton distributed ledger network. The services are designed to provide payment versus payment (PvP) FX settlement across stablecoins, fiat currencies and tokenized deposits, as well as delivery versus payment (DvP) settlement for cryptoassets including tokenized securities.
The three DAPs are CT Register, which handles tokenization; CT Pay, which provides PvP settlement; and CT Settle, which covers DvP settlement including netting. ClearToken holds UK Financial Conduct Authority authorization as a depository, through which all three services are being provided.
“CT Register, CT Pay and CT Settle deployed on Canton give institutions the regulated end-to-end settlement stack they need to unlock tokenisation, by providing PvP payment certainty and DvP finality of settlement across every form of digital money,” said Benjamin Santos-Stephens, CEO of ClearToken.
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