ClearToken began in 2021 with a bold mission: to bring clarity, confidence, and capital efficiency to digital asset markets.

The digital asset market was expanding at unprecedented pace, unlocking exciting opportunities for innovation, access, and efficiency.

To translate this momentum into long-term growth and realise the potential of a 24/7 digital economy, participation from traditional regulated finance was necessary. This meant that substantial risk and capital efficiency challenges needed to be solved for institutional-scale growth.

The challenge was clear: regulated financial market infrastructure for digital assets needed to be built to satisfy regulatory and institutional requirements.

ClearToken was created to solve this challenge.

We are building essential post-trade digital financial market infrastructure to realise the promise of digital assets. We are launching the world’s first central counterparty (CCP)/clearing house and digital securities depository (DSD) designed specifically for digital assets.

Our goal is to bring the stability, efficiency, and trust of traditional clearing and settlement into a 24/7 digital world, adapting proven financial infrastructure principles for a new kind of market.

Learn more at About ClearToken and Our Vision.

Our Story So Far

ClearToken has achieved significant milestones in regulation, technology, and network development.

Launch of CT Settle
Launch of CT Settle
In December, CT Settle achieved its first complete settlement cycle, settling netted cryptoasset and fiat currency transactions between LMAX Digital and Flow Traders, using Zodia Custody and Bank Frick as sole digital custody and banking partners respectively, together with technology powered by Nasdaq Eqlipse Clearing. This launched the go-live of our FCA-authorised, delivery vs payment net settlement system for cryptoassets, stablecoins and fiat currency.
ClearToken Depository Authorised by FCA
ClearToken Depository Authorised by FCA

In November 2025, ClearToken Depository was authorised by the FCA to operate as an Authorised Payment Institution under the Payment Services Regulations 2017 and became registered as a cryptoasset firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Both permissions contribute fundamentally to supporting the DvP settlement and trade netting of digital assets and underpin the CT Settle service.

Regulatory Submissions
Regulatory Submissions

Completed a series of further critical regulatory submissions to the Bank of England for CCP authorisation. These submissions mark a major step towards operational readiness and regulatory alignment across our services.

FMI Sandbox Acceptance
FMI Sandbox Acceptance

Passed Gate 1 to become the first entrant into the Bank of England FMI Digital Securities Sandbox with the ultimate goal to operate a Digital Securities Depository for tokenised assets.

ClearToken Wins First Award at FIA Expo
ClearToken Wins First Award at FIA Expo

ClearToken proudly participated in the FIA Expo 2024, one of the derivatives industry’s foremost global events. This premier gathering brought industry leaders, policymakers, and innovators to discuss the future of finance, providing ClearToken with an excellent platform to present our vision for advancing financial market infrastructure for digital assets.

FIA Innovators Pavilion Recognition: ClearToken was honoured to be among 10 fintech startups selected for the 10th FIA Innovators Pavilion, reinforcing our role in delivering transformative solutions for digital assets within the derivatives and futures markets.

Joint Runner-Up Award: ClearToken earned the distinction of joint runner-up in the FIA Innovators’ pitch competition, a significant acknowledgement reflecting our progress in bridging the gap between institutional finance and digital asset markets.

Working Groups and Technical Integration
Working Groups and Technical Integration

Launched Working Groups for DvP and CCP services. Front-to-back systems integration with trade feeds and custodians.

DvP working groups: activating first customers for venues, ECNs and OTC trading; proving ClearToken’s ability to settle crypto and fiat.

CCP: Establishing norms for venues, market makers, clearing firms of a horizontal CCP treating spot and derivatives as fungible across market centres.

ClearToken Joins Fuse by A&O Shearman
ClearToken Joins Fuse by A&O Shearman

ClearToken was selected for the final 10 from 80 key client nominations for Fuse by A&O Shearman's digital assets stream; a highly competitive innovation incubator specialising in LegalTech and digital assets.

Participating in Fuse perfectly placed ClearToken to benefit from the support Fuse provides and a deep knowledge exchange about digital assets with A&O Shearman’s lawyers and clients in support of our common goal of influencing this quickly evolving space.

Seed Funding Round Complete
Seed Funding Round Complete

Closed $10m Seed funding round with participation from market leaders including Flow Traders, GSR, LMAX Digital and Zodia Custody, demonstrating the demand for centralised clearing in digital asset markets from institutional participants.

MVP Definition & Regulatory Submissions
MVP Definition & Regulatory Submissions

Agreement signed with core technology provider, engagement with users to produce rule-book drafts and MVP definition.

Regulatory submissions to the Bank of England and FCA made.

Draft Rulebooks made available to be reviewed by prospective members and participants.

Seed Capital Raise
Seed Capital Raise

Seed capital raise opened to PoC Participants.

Proof of Concept (PoC)
Proof of Concept (PoC)

ClearToken successfully completed live-data PoC with participation from 60+ industry leading exchanges, banks, brokers, market makers, custodians & software providers, and launched its engagement with the Bank of England (BoE).

This successful exercise validated our design, governance, and commercial model, laying the foundation for future deployment.

Learn more about our PoC.

ClearToken incubates at Laser Digital
ClearToken incubates at Laser Digital

ClearToken incorporates and first employees start.

Initial PoC participants and technology provider sign-on.

Nomura's Laser Digital investment
Nomura's Laser Digital investment

Nomura agrees to formally invest as a portfolio company within its subsidiary Laser Digital’s first VC fund.

ClearToken Concept is Born
ClearToken Concept is Born

The team conceives the concept of the first Digital Asset Clearing House as a main solution to the industry’s risk issues.

The Road Ahead

As the market evolves, so will we. ClearToken is building digital asset clearing and settlement infrastructure with insight from market participants to ensure that our services meet market needs. Our roadmap includes the following:

Follow us on LinkedIn to stay up to date with our progress, or contact us to find out more or join our newsletter.

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