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ClearToken Group, an FCA-regulated settlement infrastructure provider, launched three platforms—CT Register, CT Pay, and CT Settle—on the Canton Network on [DATE], targeting the $9.6 trillion daily foreign exchange market.
The deployment joins institutional participants including Goldman Sachs, DTCC, Euroclear, and London Stock Exchange Group on what CEO Benjamin Santos-Stephens called ‘the regulated end-to-end settlement stack’ for tokenized assets.
“CT Register, CT Pay and CT Settle deployed on Canton give institutions the regulated end-to-end settlement stack they need to unlock tokenisation,” Santos-Stephens said. “This provides PvP payment certainty and DvP finality of settlement across every form of digital money.”
For ClearToken Group, the platform launch represents a major milestone in its mission to bring regulated settlement rails to blockchain markets.
The roadmap released by ClearToken Group outlines three major digital asset platforms aimed at institutional users.
CT Register focuses on tokenization and de-tokenization of assets. Initially supporting fiat currencies and stablecoins, the system is expected to expand later to include tokenized securities as regulatory frameworks mature.
CT Pay, meanwhile, provides payment services and payment-versus-payment (PvP) settlement.
The mechanism works similarly to the CLS system used in traditional FX markets, ensuring simultaneous exchange of currencies and eliminating settlement risk.
The PvP feature is designed to remove Herstatt risk, a long-standing issue in cross-currency transactions where one side of a trade settles before the other.
The third component, CT Settle, handles delivery-versus-payment (DvP) net settlement across fiat currencies, stablecoins, and crypto assets.
By combining FCA oversight with blockchain automation, ClearToken Group aims to reduce operational risk while increasing transparency.
Together, the platforms form a full institutional settlement stack built for tokenized finance.
The opportunity for ClearToken Group is enormous. According to global market data, the foreign exchange market records approximately $9.6 trillion in daily trading volume.
Meanwhile, the traditional FX settlement service CLS processed a record $22.9 trillion in gross FX payment instructions in a single day, underscoring the massive scale of global currency trading.
Against this backdrop, the stablecoin market has also expanded rapidly, with total capitalization surpassing $318 billion.
With institutional demand for digital settlement infrastructure increasing, ClearToken Group is positioning itself at the intersection of blockchain innovation and regulated finance.
Beyond its FCA authorization, ClearToken Group is preparing for further regulatory engagement in the United Kingdom.
The company said it intends to seek approval from the Bank of England to expand its services into clearing and margining through the UK’s Digital Securities Sandbox.
The move aligns with the UK government’s broader ambition to strengthen its position as a global hub for digital finance.
Regulators have been working to close the innovation gap with the United States and Europe while maintaining strict oversight.
According to ClearToken Group, its mission is clear:
“to bring trust, transparency, and operational rigour to an evolving digital asset ecosystem.”
The launch by ClearToken Group also comes amid broader shifts in the global financial system.
A European Central Bank (ECB) research report published in March highlighted growing adoption of stablecoins and warned that the trend could affect traditional bank deposits and lending models.
The report noted that widespread stablecoin usage could also influence monetary policy and potentially impact national monetary sovereignty.
Meanwhile, regulators in the United States are accelerating efforts to develop clear rules for digital payments.
Florida recently advanced legislation aimed at establishing a state-level stablecoin regulatory framework.
Industry leaders are also paying close attention to the sector’s trajectory.
Jack Dorsey, CEO of Block, recently told WIRED:
“I don’t like that we’re going to support stablecoins, but our customers want to use them. I don’t think it’s wise to go from one gatekeeper to another.”
Payment giants like Stripe and PayPal have already integrated stablecoin infrastructure, increasing competitive pressure across the fintech sector.
As institutions increasingly explore blockchain technology, ClearToken Group is positioning itself as a regulated infrastructure provider capable of supporting the next generation of financial markets.
By combining regulatory oversight, institutional partnerships, and blockchain settlement tools, ClearToken Group aims to unlock large-scale adoption of tokenized assets.
With its launch on the Canton Network, ClearToken Group may now be entering one of the most critical phases of digital finance — where traditional markets and blockchain technology converge.
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