ClearToken and Consensys Target the Legal Gap in 24/7…
By Rick Steves
AI summary of the source article
ClearToken and Consensys have partnered to combine blockchain connectivity with regulated post-trade infrastructure for 24/7 tokenized securities and cash settlement. The initiative aims to support delivery-versus-payment while maintaining legal finality.
Why it matters
Continuous settlement can shorten the period during which counterparties owe assets or cash to one another. It can also let firms mobilise collateral for a few hours instead of borrowing against it for an entire day.
Key facts
- ClearToken CSD has passed Gate 2 in the Bank of England's Digital Securities Sandbox to operate a digital securities depository within defined limits.
- ClearToken Depository is authorized by the Financial Conduct Authority as a payment institution and registered as a cryptoasset business.
- Consensys supplies cryptographic finality and tokenization infrastructure, while ClearToken provides legally final settlement, with 24/7 clearing pending Bank of England approval.
Source excerpt · FinanceFeeds
ClearToken and Consensys are combining blockchain connectivity with regulated post-trade infrastructure in an effort to let banks move tokenized securities and cash around the clock. The partnership is designed to support delivery-versus-payment using fiat money, tokenized deposits or stablecoins while preserving the legal finality and controls expected in wholesale markets. The project addresses…