Solving the Cash Leg in Digital Markets
CT Pay is a regulated service operating single-sided payment and payment-vs-payment (PvP) settlement for fiat currencies, stablecoins and tokenised deposits, delivering:
- venue-agnostic, non-custodial solution
- 24/7 atomic netted PvP settlement
- horizontal, neutral market infrastructure
- eliminated counterparty settlement risk
- fiat and digital cash always remaining in the users possession
CT Pay delivers single-sided payments and Payment-vs-Payment (PvP) settlement across fiat, stablecoins and tokenised deposits. By atomically discharging both legs of a cross-currency transaction simultaneously across multiple banks, CT Pay eliminates Herstatt risk at the infrastructure level.
CT Pay also serves as the payment leg for DvP settlement orchestrated across platforms that integrate with ClearToken’s infrastructure.
Key Features
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Core payment rail underpinning the ClearToken ecosystem
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A single integrated service to settle fiat and digital money across venues and counterparties
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Single-sided payment and Payment-vs-Payment eliminates Herstatt risk and reinforces trust
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Independent custody which separates asset holding from trading venues, ensuring investor protection
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Round-the-clock settlement cycles which align with the 24/7 nature of digital asset markets
Core Principles
CT Pay offers a regulated way to bring cash flows into the digital asset ecosystem.
As the core payment rail, CT Pay ensures consistency and efficiency across the entirety of ClearToken infrastructure:
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Single-sided payment:Unilaterally moving value from one participant to another.
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Payment-versus-Payment (PvP):Moving two payment obligations simultaneously, eliminating settlement risk.
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CT Settle:Operates the cash leg of Delivery-versus-Payment (DvP), to synchronise simultaneous cash and asset settlement.
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CT Clear:Discharges netted payment obligations following the clearing cycle.
Learn more about settlement in our explainer here.
Regulatory Compliance
ClearToken Depository Limited (‘ClearToken Depository’) is authorised by the FCA to operate CT Pay, CT Settle and CT Register. This includes:
- Authorisation to provide payment services in accordance with the Payment Services Regulations 2017
- Registration as a cryptoasset service provider in accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
ClearToken will seek relevant regulatory status in every jurisdiction in which it operates and have strict requirements for participation to ensure that it is a trusted partner in the financial marketplace.
Contact
Connect with our Partnerships team to learn how CT Pay and ClearToken’s settlement network can support your firm’s digital asset trading.
This service is provided by ClearToken Depository Limited, which is authorised by the Financial Conduct Authority (Firm Reference Number 1016940 and Firm Reference Number 1017352).
