UK strengthens digital finance framework as ClearToken’s CT Settle prepares to link traditional and crypto markets
FCA Authorizes ClearToken’s Institutional Crypto Settlement System
ClearToken, a London-based digital asset clearing and settlement firm, has received official authorization from the UK Financial Conduct Authority (FCA) to operate its new Delivery versus Payment (DvP) platform for digital assets, CT Settle.
The approval marks a significant milestone in the United Kingdom’s regulatory push to bring crypto assets and stablecoins under the same supervisory standards as traditional finance. CT Settle will support spot trades in cryptocurrencies, stablecoins, and fiat currencies, offering institutional investors a regulated infrastructure for digital settlement.
According to the company, CT Settle is designed to reduce counterparty risk, enhance liquidity, and boost efficiency, addressing long-standing barriers that have discouraged financial institutions from deeper participation in crypto markets.
“This authorization will be a catalyst for digital assets to be adopted at scale,” said Niki Beattie, Chair of ClearToken. “It gives institutions the confidence that these markets can operate with the same reliability and safeguards as existing financial systems.”
UK’s Broader Regulatory Momentum in Digital Finance
The FCA’s decision aligns with the UK government’s broader strategy to integrate digital assets into its financial framework. Earlier this week, the Bank of England launched a public consultation on stablecoins, with new rules potentially coming into force next year.
Governor Andrew Bailey recently emphasized a more balanced view on stablecoins, describing them as “manageable within a strong regulatory perimeter” — signaling a shift from caution to controlled adoption.
Policy Developments Strengthening the UK’s Crypto Position
In April, HM Treasury released a draft policy paper outlining a future regulatory regime for crypto assets, proposing formal definitions for tokens and expanding oversight to include issuance, custody, and trading.
At the same time, the UK government opened the door for crypto exchange-traded notes (ETNs) to be made available to retail investors — a move that brings London closer to aligning its digital finance policies with global competitors like the United States, which recently advanced stablecoin legislation under the GENIUS Act.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.