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ClearToken announces adoption of Nasdaq Eqlipse Clearing
20 November 2025 UK
Image: Suriyo/stock.adobe.com
ClearToken has announced its adoption of Nasdaq Eqlipse Clearing to support the development of its new clearing and settlement service for digital assets, with the technology serving as a real-time, multi-asset clearing and risk platform for both traditional and digital markets.
CT Settle, a digital settlement service supporting delivery-vs-payment (DvP) and netting for digital assets and fiat currencies, will be launched by ClearToken, having received authorisation from the UK Financial Conduct Authority (FCA).
Steve Briscoe, chief information officer of ClearToken, says: “With our DvP service now ready to launch following FCA approval, we can begin offering settlement services that allow financial institutions to net their settlement exposures and to settle digital assets with greatly reduced settlement risk, addressing one of the most pressing issues for institutional investors in crypto markets today.”
ClearToken is working on establishing a central counterparty clearing house for digital assets, connecting to multiple trading venues, custodians, and settlement systems, as opposed to being tied to a single exchange or trading platform.
They aim to allow participants to interface with a central counterparty, rather than bilaterally, in a bid to streamline transactions and reduce risk across the ecosystem.
It will operate 24/7 to accommodate the round-the-clock nature of digital asset markets, while providing real-time risk management through margin and default fund contributions.
Head of capital markets technology at Nasdaq, Magnus Haglind, believes “capital inefficiency across the digital asset ecosystem is a significant barrier to achieving scale and supporting institutional adoption”.
CT Settle, a digital settlement service supporting delivery-vs-payment (DvP) and netting for digital assets and fiat currencies, will be launched by ClearToken, having received authorisation from the UK Financial Conduct Authority (FCA).
Steve Briscoe, chief information officer of ClearToken, says: “With our DvP service now ready to launch following FCA approval, we can begin offering settlement services that allow financial institutions to net their settlement exposures and to settle digital assets with greatly reduced settlement risk, addressing one of the most pressing issues for institutional investors in crypto markets today.”
ClearToken is working on establishing a central counterparty clearing house for digital assets, connecting to multiple trading venues, custodians, and settlement systems, as opposed to being tied to a single exchange or trading platform.
They aim to allow participants to interface with a central counterparty, rather than bilaterally, in a bid to streamline transactions and reduce risk across the ecosystem.
It will operate 24/7 to accommodate the round-the-clock nature of digital asset markets, while providing real-time risk management through margin and default fund contributions.
Head of capital markets technology at Nasdaq, Magnus Haglind, believes “capital inefficiency across the digital asset ecosystem is a significant barrier to achieving scale and supporting institutional adoption”.
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