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I'm happy to share the news of ClearToken's strategic partnership with Canton Network and the launch of two new services: CT Register and CT Pay.
Canton Network
We will deploy three Daml-based Digital Asset Platforms – CT Register, CT Pay, and CT Settle – directly on the network, delivering the first FMI-calibre settlement infrastructure for stablecoin FX and tokenised cash flows.
This is our first integration with a blockchain network, affirming our belief that regulated financial market infrastructure is key to scaling digital asset markets. By combining our UK FCA-authorised status with Canton’s atomic composability, we are providing the regulated environment institutions need to move from issuance to settlement with absolute certainty.
This is a significant step forward for regulated market infrastructure, and we are grateful to the Canton team for their support. Look out for further updates to come as we look forward to going live in the coming weeks.
CT Register
Enabling tokenisation and de-tokenisation of cash, stablecoins and cryptoassets, positions will be reflected on Canton as data tokens, enabling programmable, auditable settlement workflows within ClearToken's FMI perimeter. CT Register will launch with fiat and stablecoins, adding securities in due course subject to the regulatory authorisation of ClearToken CSD.
CT Pay
Providing the regulated payment rails for fiat, stablecoins and tokenised deposits, CT Pay eliminates Herstatt risk for digital cross-currency cash transactions, just as CLS does for the FX market. In addition to orchestrating payment-vs-payment (PvP) settlement, CT Pay also takes care of single-sided payments.
CT Settle
Our first live service, CT Settle, joins CT Register and CT Pay on Canton, to deliver regulated DvP net settlement across cryptoassets and stablecoins. Canton's atomic composability ensures all settlement legs complete simultaneously or not at all eliminating principal risk at the infrastructure level.
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