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  • ClearToken raises $10m+ for digital assets central clearing from Nomura, StanChart subsidiaries

ClearToken raises $10m+ for digital assets central clearing from Nomura, StanChart subsidiaries

Ledger Insights - 13/03/2024

Written by: Ledger Insights

...On the one hand, central clearing reduces counterparty risks. While many think digital assets always involve delivery versus payment, that’s not the case. Two years ago, crypto expert and former Morgan Stanley banker Caitlin Long predicted that Bitcoin could take down a global systemically important bank. That’s because while Bitcoin might settle in minutes, the bank payment leg does not. In traditional markets, central counterparties take on that risk....

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