UK FCA approves ClearToken system for cryptocurrency settlements
The decision paves the way for the integration of cryptocurrencies into the traditional financial infrastructure.
13.11.2025 - 11:45
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Key points:
- The UK FCA has approved ClearToken’s launch of the CT Settle platform for settlements on transactions with crypto assets, stablecoins, and fiat currencies.
- CT Settle operates on a “delivery versus payment” (DvP) basis, providing regulated and secure settlements for financial institutions.
ClearToken, a digital asset clearing and settlement company, has received approval from the UK Financial Conduct Authority (FCA) to launch a new settlement system for cryptocurrency and stablecoin transactions.
ClearToken announced that it has received FCA permission to operate its own CT Settle platform, which works on a delivery versus payment (DvP) basis. The platform will support spot transactions with crypto assets, stablecoins, and fiat currencies.
Once CT Settle is launched, regulated financial organizations will be able to settle digital assets in accordance with the same regulatory and operational standards as traditional financial institutions.
CT Settle aims to remove barriers to the adoption of digital assets among financial institutions that still have doubts about their reliability, liquidity, and counterparty risk.
ClearToken Chair Niki Beattie called the permission “the catalyst that will allow digital assets to be adopted at scale.”
Earlier this week, the Bank of England launched a consultation on the regulation of stablecoins to gather feedback on draft rules that could come into force as early as next year. Bank Governor Andrew Bailey recently softened his stance on the risks that stablecoins may pose to financial stability, proposing a more pragmatic approach to regulation.
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