ClearToken CSD Limited has been approved by the Bank of England to operate a Digital Securities Depository (DSD) in the Digital Securities Sandbox (DSS). Gate 2 approval allows ClearToken CSD to issue and settle tokenised versions of existing securities under the Bank’s supervision under certain limits.
ClearToken CSD becomes the first DSD approved to settle tokenised equities and corporate bonds alongside sovereign debt; the second firm to pass Gate 2 and the first non-bank; and the first cloud-native securities settlement system in the UK.
Gate 2 limits: £600m Gilts, £900m GBP Corporate Bonds, £1.8bn non-GBP Corporate Bonds. Public equity limits to be confirmed.