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ClearToken Raises $10M to Lead Digital Clearing

ClearToken, a cutting-edge digital asset clearinghouse, has secured a substantial investment exceeding $10 million
March 14, 2024

Breaking ground in the dynamic landscape of digital assets, ClearToken, a leading digital asset clearinghouse, has announced a significant milestone: a substantial investment exceeding $10 million. This infusion of capital, spearheaded by Nomura’s digital asset subsidiary, Laser Digital, and bolstered by key players including Flow Traders, GSR, LMAX Digital, and Zodia Custody, marks a pivotal moment in ClearToken's journey. As the digital asset realm continues to evolve, ClearToken is poised to revolutionize transaction validation and settlement processes, laying the groundwork for enhanced efficiency and reliability in digital asset markets.

At the heart of ClearToken's mission lies the commitment to streamline digital asset transactions, ensuring integrity and transparency throughout the process. Acting as a crucial intermediary, ClearToken's clearinghouse functions are designed to validate and finalize transactions, safeguarding the interests of both buyers and sellers. This pivotal role bridges the gap between trade execution and settlement, fostering trust and confidence in digital asset transactions.

Looking ahead, ClearToken has outlined an ambitious roadmap for its operational rollout. With plans to commence services between 2025-2026, contingent upon regulatory approval, the company is diligently navigating the regulatory landscape to secure the necessary clearances. As part of its regulatory strategy, ClearToken aims to achieve full regulatory compliance in the UK, with endeavors underway to obtain clearinghouse recognition from the Bank of England. The envisioned launch of central counterparty clearing house (CCP) services within 12-18 months underscores ClearToken's commitment to regulatory adherence and operational excellence.

Amidst its regulatory journey, ClearToken remains focused on delivering tangible value to digital asset markets. In a bid to expedite its service offerings, ClearToken has expressed intentions to introduce preliminary settlement services in 2024, pending approval from regulatory bodies such as the Financial Conduct Authority (FCA) and the Bank of England. 

The influx of investment capital underscores the industry's recognition of ClearToken's transformative potential within digital asset markets. With steadfast commitment and strategic partnerships, ClearToken is poised to redefine transactional integrity and settlement processes, setting new standards for efficiency and reliability. As regulatory milestones pave the way for operational launch, ClearToken's journey represents a testament to innovation and resilience in the ever-evolving landscape of digital assets.

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