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It is my privilege to share a pivotal milestone in ClearToken's journey. We have been admitted to the Bank of England’s Digital Securities Sandbox (DSS) as a Sandbox Entrant, making us eligible to apply to become a Digital Securities Depository (DSD) for digital securities. This accomplishment is a testament to our dedication to transforming financial market infrastructure for the digital economy.
Admission and passage through “Gate 1” of the DSS marks a significant step forward in our mission to transform financial market infrastructure for the digital age*. The DSS, overseen by the Bank of England and the Financial Conduct Authority (FCA), provides a controlled environment for innovative technology to operate in real-world conditions while protecting standards of market safety and stability. A prudent, proportionate and pro-innovation regulatory regime not only protects the market but also makes the UK an attractive, secure destination for international institutions to engage in digital asset and tokenisation activities.
In a fast-moving digital asset market, initiatives like this are crucial. Regulatory clarity provides the stability necessary for responsible market stewardship and builds confidence among participants. Our participation will enable the establishment of settlement finality under English law, ensure real-world enforceability, and encourage institutional participation — key pillars for fostering trust and driving growth in this space.
I want to extend my heartfelt gratitude to the Bank of England and the FCA for their support throughout the consultation and application process. Their commitment to nurturing innovation while safeguarding the financial system is indispensable to the future of digital assets.
The team has worked tirelessly to get us to this stage, and together, we look forward to our next steps testing the DSD platform and processes in a non-live environment in preparation for passage of DSS “Gate 2”, on the way to delivering the UK’s first DSD and contributing to and shaping the next chapter of financial market innovation.
Thank you for your continued trust and support as we build the foundations of a secure, transparent, and efficient financial ecosystem for the digital age, together.
Ben
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