ClearToken CSD Limited has passed Gate 2 of the Bank of England Digital Securities Sandbox. At launch, live settlement services will support FTSE 350 equities, sterling-denominated government debt, and GBP and non-GBP corporate bonds, all usable as collateral for securities financing transactions and 24/7 intraday repo.
ClearToken Group CEO Ben Santos-Stephens: “The biggest hurdle for institutional adoption of digital securities has not necessarily been the technology; it has been whether the infrastructure around that technology is sufficiently regulated, robust, and legally recognised.”
ClearToken CCP Limited has submitted its application to the Bank of England for authorisation as a central counterparty.