ClearToken, an FCA-authorised financial market infrastructure provider, has announced a strategic partnership with Canton Network. The collaboration will see ClearToken deploy three Daml-based digital asset platforms directly onto the Canton Network. These platforms, named CT Register, CT Pay, and CT Settle, aim to establish a regulated settlement framework for tokenised assets.
A New Era for Digital Asset Settlement
This partnership establishes the first FMI-grade settlement infrastructure for stablecoin foreign exchange and tokenised cash flows on an institutional blockchain. It merges ClearToken's regulatory authority and technology with Canton Network's privacy-enabled, atomic composability architecture. The solution is designed to bridge the gap between traditional finance and the growing digital asset space.
The global foreign exchange market sees daily trades of $9.6 trillion, yet the rapidly expanding $315 billion stablecoin market lacks equivalent post-trade infrastructure. ClearToken's deployment on Canton positions it to serve this unmet need within a network of major financial institutions. This move directly addresses the demand for regulated and robust settlement solutions in the digital currency sector.
Core Platform Capabilities
The CT Register platform will manage the tokenisation and de-tokenisation of fiat currencies, stablecoins, and eventually securities. Concurrently, CT Pay will facilitate single-sided payments and Payment versus Payment (PvP) settlement for cross-currency transactions. This PvP function is designed to eliminate settlement risk by ensuring simultaneous exchange, similar to the CLS system.
The third platform, CT Settle, provides FCA-authorised Delivery versus Payment (DvP) net settlement across a range of assets. Leveraging Canton's architecture, it guarantees that all settlement legs complete simultaneously or fail together entirely. This atomic settlement process effectively removes principal risk at the infrastructure level for all participants.
Executive Vision and Future Roadmap
ClearToken CEO Benjamin Santos-Stephens stated that the platforms provide the regulated settlement stack institutions need to unlock tokenisation. Yuval Rooz, CEO of Digital Asset, added that the initiative offers a practical blueprint for how regulated markets can adopt tokenisation at scale. Both leaders emphasized the importance of combining regulatory compliance with advanced blockchain interoperability.
Mark Williamson, ClearToken's Chief Commercial Officer, highlighted the platform's unique breadth in handling tokenisation and settlement in one environment. The company is also pursuing Bank of England authorisation for a fourth service, CT Clear, a clearing service to reduce counterparty risk. This future offering underscores ClearToken's ambition to build a comprehensive, end-to-end post-trade infrastructure.
This strategic alliance between ClearToken and Canton Network marks a pivotal development for the institutional digital asset market. By delivering a regulated, end-to-end settlement infrastructure, the partnership addresses critical risks and paves the way for broader adoption. The new platforms are poised to enhance efficiency and security, fostering greater confidence in tokenised financial markets.