ClearToken, the digital financial market infrastructure firm, has selected Nasdaq’s Eqlipse Clearing platform to underpin its new digital asset clearing and settlement service. The move supports ClearToken’s goal of modernising digital asset infrastructure through the introduction of CT Settle, a service designed to offer delivery-vs-payment (DvP) and netting capabilities for cryptoassets, stablecoins and fiat currencies. The launch follows ClearToken’s authorisation by the UK Financial Conduct Authority (FCA).
Currently, much of the digital asset market operates via bilateral, prefunded trades. ClearToken aims to reduce counterparty risk and operational inefficiencies by developing a central counterparty clearing house (CCP) model that supports multiple trading venues and custodians. The planned CCP will offer 24/7 real-time clearing with margining and default fund contributions to manage risk.
Nasdaq’s Eqlipse platform provides multi-asset clearing, risk, and settlement functionality, and is already used by more than 20 CCPs globally. Its flexible architecture and embedded AI tools support rapid onboarding and scalable operations.
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