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About ClearToken
ClearToken is a London financial market infrastructure firm providing clearing and settlement for digital assets. It brings netting, delivery-versus-payment and central counterparty logic from traditional markets into markets that run around the clock: after trades execute on a venue, ClearToken gathers multilateral positions, nets them daily and transfers only the residual, cutting pre-funding and settlement failures. CT Settle handles DvP net settlement across fiat, stablecoins and crypto assets, CT Register handles tokenisation and de-tokenisation of securities, and CT Clear is intended as central counterparty clearing.
The stack sits on Canton Network, with Daml-based distributed applications carrying tokenisation, payments and settlement and using its privacy model so each participant sees only its own sub-ledger. Clients are trading venues, market makers, brokers and asset managers; the first settlement cycle ran between LMAX Digital and Flow Traders, with custody and banking from Zodia Custody and Bank Frick. In September 2026 its CSD passed Gate 2 of the Bank of England's Digital Securities Sandbox, allowing settlement of tokenised gilts, corporate bonds and equities within limits of GBP 600 million, GBP 900 million and GBP 1.8 billion in assets under custody.
On 9 March 2026 ClearToken and Canton Network announced a partnership under which ClearToken deployed three Daml-based digital asset platforms directly on Canton: CT Register for tokenising and de-tokenising fiat, stablecoins and securities; CT Pay for single-sided payments and payment-versus-payment settlement; and CT Settle, the FCA-authorised delivery-versus-payment net settlement service covering fiat, crypto and stablecoins.
The platforms are run by ClearToken's FCA-authorised entity. CT Settle went live in December 2025 and by the first quarter of 2026 was onboarding more than ten institutional clients for unlevered spot and stablecoin pilots. The company is still seeking Bank of England authorisation for CT Clear, which would act as a central counterparty, and plans to extend into tokenised securities through the UK Digital Securities Sandbox.
ClearToken assembles registration, payments, settlement and clearing into one horizontally integrated market infrastructure, uses multilateral netting to cut institutions' capital needs, and turns stablecoin FX into a routine post-trade service comparable to CLS.
Benjamin Santos-Stephens — Board Member & CEO; former non-executive director at Globacap, Managing Director at Nomura's Laser Digital and Global Head of Product Management at Instinet.
Niki Beattie — Chair; founder of Market Structure Partners; former Chair of XTX Markets and Aquis Exchange.
Eric Dorré — Co-founder; led the European and APAC expansion of Virtu and DRW's predecessor firms.
Chris Smith — COO; former interim COO of LME Clear.
Mark Williamson — CCO; former Global Head of FX, Precious Metals, Digital Assets & Currencies at HSBC.
Kristi Tange — Group Chief Risk Officer;
Clare Weaver — Chief Legal Officer.
ClearToken Depository holds UK Financial Conduct Authority authorisation as an Authorised Payment Institution and cryptoasset firm (November 2025), settling crypto, stablecoins and fiat. Its securities depository passed Gate 2 of the Bank of England Digital Securities Sandbox in September 2026.