How to Join the CT Settle Network
ClearToken’s settlement participation is designed for institutional participants seeking secure and efficient access to digital asset markets. As a settlement participant, member firms benefit from our net settlement clearing model, reducing counterparty risk and optimising working capital deployment.
Our participant categories cater to different market participants, including brokers, prime brokers, principal trading firms and asset managers. Each applicant undergoes a rigorous onboarding and risk assessment process to ensure the integrity of our clearing and settlement ecosystem.
Who Can Settle: Participant Access
Settlement participants will interact directly with ClearToken’s settlement infrastructure. They typically include regulated custodians, banks, and large trading firms with the operational capability to manage settlement instructions and custody relationships for themselves and others.
Get Involved
Onboarding: What to Expect
We fully support you from your initial enquiry to daily production use in 6 clear and structured steps:
Understanding your settlement needs
Connect with our Partner team to discuss your business requirements and trading relationships. We’ll either match you with an existing working group or help form a new one tailored to your needs.
Trading partners, execution platform trade sources, traded assets, current custodians.
Trade capture methods and trade flows.
Once launched, you gain access to ClearToken’s entire DvP Settlement network of venues and participants, whilst going live within a controlled working group.
Getting the governance framework in place
We’ll work together to complete the necessary legal and compliance requirements that enable your participation in the ClearToken network.
Complete two-way verification processes to meet legal and regulatory obligations
Review and execute the agreements that govern your participation, including the Participant Agreement, Trade Source Agreement and Rulebook.
Building your technical infrastructure
We’ll focus on the technical components that will power your DvP settlement operations.
- Integration Method:
Configuring your trade source connection - Data Validation:
Technical integration only where necessary, we keep it simple
- Hierarchy Setup:
Establish participant account structures for optimal settlement flows - Settlement Instructions:
Configure instructions for cryptoassets, stablecoins and fiat currencies
- Reconciliation Processes:
Align gross trade feeds with ClearToken’s settlement obligation calculations - Joint Procedures:
Establish reporting, escalation, and communication protocols
Proving everything works before going live
- Wallet Security & White-Listing
- End-to-End Testing
- UAT Conformance Tests
- Production Penny-Testing Verification
- Go-Live Strategy:
Document the complete transition from your existing settlement process to DvP - Success Criteria:
Establish clear Go/No-Go criteria
Your first live trades with DvP settlement
- All runbook items completed
- Go/No-Go criteria satisfied
- First production trades executed successfully
- Continuous Settlement:
Transition to business-as-usual DvP settlement - Ongoing Support:
Maintain operational excellence with our support team
Maximizing your settlement benefits
- Additional Participants:
Add members from other working groups to increase netting benefits with minimal configuration - Additional Communities:
Connect with trade sources from across the ClearToken network to expand your settlement network
Each new participant and community increases the value for existing members while requiring minimal additional setup, creating a continuously expanding and improving trusted settlement ecosystem.
- Clear Governance: Establish agreements that enable smooth operations
- Thorough Preparation: Comprehensive planning across legal and technical domains
- Focused Execution: Each phase builds systematically toward go-live
- Stakeholder Alignment: Clear frameworks support effective collaboration
- Quality Assurance: Structured approach ensures nothing is overlooked
- Network Benefits: Immediate access to our full ecosystem upon launch
Connect with our Partnership team to learn more.
Get Started With Our Settlement Working Groups
Be part of shaping the future of institutional digital asset settlement. Our working groups allow market participants to:
- Experience multilateral netting in action: reducing capital requirements and improving operational efficiency.
- Help define industry best practices: contributing to standardised terms and governance.
- Prepare for integration: ensuring a smooth transition to net settlement workflows.
Learn more about CT Settle or contact Partnerships for a conversation.
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).
