ClearToken has introduced CT Settle, a new multi-currency settlement platform designed for institutional trading in digital assets. The company describes it in a press release as a regulated, centralised environment aimed at standardising trade completion in a market where post-trade processes are still fragmented. The launch follows the service’s first full settlement cycle, involving netted cryptoasset and fiat transactions between LMAX Digital and Flow Traders, with Zodia Custody and Bank Frick acting as custody and banking partners. The underlying technology is supplied through Nasdaq’s Eqlipse Clearing.
CT Settle is built around a netting mechanism intended to lower capital tied up across multiple venues, combined with Delivery-versus-Payment settlement to ensure simultaneous transfer of assets and cash. According to ClearToken, this structure aims to reduce credit exposure and create more predictable cash flows, features that mirror long-standing practices in traditional post-trade arrangements. CT Settle has received authorisation from the UK Financial Conduct Authority (FCA).
Ease operational load
The company argues that consolidating settlement onto a single regulated platform can ease the operational load associated with reconciling trades across different venues and custody solutions. It also emphasises the system’s 24/7 operating model, reflecting the always-open nature of digital-asset markets.
CT Settle is presented as the first component of a wider post-trade framework that ClearToken plans to build. Future initiatives outlined by the company include expanded global access, additional trading-venue and custodian connections, support for more currencies and tokens, and longer-term ambitions such as a CCP service and a Digital Securities Depository for tokenised real-world assets.
