Building For The Future of Markets, With The Market
ClearToken is an ambitious project to develop, build and launch a much-needed global clearing house for the digital asset age.
To achieve this, ClearToken requires industry support, superior operational processes and regulatory approval. We are actively engaging with market stakeholders to ensure that ClearToken can rigorously and successfully meet the needs of the market as it develops.
ClearToken is pleased to announce that the PoC was completed on schedule in September 2023. Continue reading to learn more about what ClearToken has achieved.
ClearToken worked with over 60 stakeholders to demonstrate the viability centralized clearing of cryptocurrency from trades sourced across multiple platforms. While limited in instruments, scope and members, the aim was to show that the core tenets of a best-in-class, fully regulated, CCP-cleared trading lifecycle and value proposition is viable and scalable.
ClearToken will reporting on lessons learned from the PoC to regulators and stakeholders as part of its authorisation process.
The team remains focused on the following core areas through their next stage of development.
- Industry Partnerships:
Working with 60+ industry leading exchanges, banks, brokers, market makers, custodians & software providers:Exchanges & Venues15+ global venuesBanks & Prime Brokers20+ banks, brokers & prime brokersMarket Makers10+ global leadersValidation from market participants who point to clearing and settlement, alongside regulation, as the primary issues inhibiting the development digital asset markets:Custodians5+ US & EU inc. regulatedAsset Managers10+ household namesSoftware Vendors5+ industry leaders
- Platform Development:
Partnering with industry-leading infrastructure providers to develop the pre-eminent clearing solution for digital assets, including 24/7 trading and settlement support.
- Rulebook Development:
We’re engaging broadly with stakeholders and with industry experts to deliver a robust CCP rulebook.
- Regulatory Engagement:
We aim to capitalize on the UK’s strong legal foundations and leadership in financial markets.
Visit the website regularly to keep up to date with ClearToken’s progress.