ClearToken launches digital asset payment platform for organizations on Canton Network

ClearToken Group, a provider of digital financial market infrastructure licensed by the FCA in the UK, has launched three digital asset platforms in partnership with Canton Network. The three new products include CT Register, CT Pay, and CT Settle, designed to provide a comprehensive digital asset payment and settlement system in compliance with regulatory standards.

CT Register supports tokenization and decoding of tokens for fiat currency, stablecoins, and in the future, securities. CT Pay focuses on payments and peer-to-peer (PvP) payment mechanisms to reduce multi-currency transaction risks. Meanwhile, CT Settle offers a delivery versus payment (DvP) settlement mechanism for fiat, digital assets, and stablecoins according to FCA standards.

Deploying on Canton Network enables ClearToken to connect with a large ecosystem of organizations and aims to seek additional approval from the Bank of England to expand clearing and settlement and margin activities.