ClearToken Launches FCA-Approved Institutional DAPs on Canton Network
ClearToken Group, now an FCA-authorized digital financial market infrastructure provider, has introduced three institutional decentralized application platforms (DAPs)—CT Register, CT Pay, and CT Settle—leveraging Canton Network's technology. The move aims to bridge regulated financial infrastructure with blockchain standards for institutional adoption.
CT Register facilitates tokenization of fiat and stablecoins, with securities integration planned for later. CT Pay addresses cross-currency settlement risks through PvP mechanisms akin to CLS for stablecoins. CT Settle focuses on FCA-approved delivery-versus-payment finality, targeting institutional demand for blockchain-based settlement.
The Canton Network's backing by DTCC, Goldman Sachs, and other tradFi giants positions ClearToken at the intersection of legacy finance and digital asset innovation. CEO Benjamin Santos-Stephens emphasizes the stack's role in unlocking tokenization by providing regulatory certainty—a critical hurdle for institutional participation.