ClearToken, an FCA-authorised digital financial market infrastructure provider, has partnered with Canton Network to deploy three Daml-based Digital Asset Platforms (DAPs) on Canton’s blockchain: CT Register, CT Pay, and CT Settle.
The partnership introduces settlement infrastructure for stablecoin FX and tokenised cash flows on a privacy-enabled institutional blockchain, integrating ClearToken’s regulated framework with Canton’s atomic composability architecture.
CT Register enables tokenisation and de-tokenisation of fiat, stablecoins and, in future, securities.
Positions are reflected on Canton as data tokens, allowing programmable and auditable settlement workflows within ClearToken’s FMI perimeter.
CT Pay supports single-sided payments and Payment versus Payment (PvP) settlement, discharging cross-currency payment obligations atomically and eliminating Herstatt risk.
CT Settle provides Delivery versus Payment (DvP) net settlement across fiat. It also supports DvP and net settlement for cryptoassets and stablecoins. Canton’s atomic composability ensures all settlement legs complete simultaneously or not at all.
The global FX market trades US$9.6 trillion daily. CLS settles US$22.9 trillion in gross FX payments in a single day.
By contrast, the stablecoin market, with a capitalisation exceeding US$315 billion, lacks comparable post-trade infrastructure.
ClearToken is deploying on Canton. Canton’s institutional network includes DTCC, Goldman Sachs, Euroclear, LSEG, and Tradeweb.
This positions ClearToken at the intersection of regulated FMI and institutional blockchain standards.
Benjamin Santos-Stephens, CEO of ClearToken, said:
“CT Register, CT Pay and CT Settle deployed on Canton give institutions the regulated end-to-end settlement stack they need to unlock tokenisation, by providing PvP payment certainty and DvP finality of settlement across every form of digital money.”
ClearToken is developing an integrated post-trade stack spanning tokenisation, payments, settlement, and clearing, with all services operated by FCA-authorised or Bank of England-supervised entities.
Featured image credit: Edited by Fintech News Switzerland, based on image by LensMastersCollection via Freepik
