The UK's Financial Conduct Authority (FCA) has approved London-based ClearToken to launch its regulated digital asset settlement platform, CT Settle. The platform utilizes a delivery versus payment (DvP) mechanism, enabling institutions to settle transactions in cryptocurrencies, stablecoins, and fiat currencies simultaneously. This approach aims to reduce settlement risk and enhance capital efficiency. ClearToken has been granted dual status as an "authorized payment institution" and a "crypto asset registered entity." The company plans to expand into central clearing and margin services through the Bank of England's "Digital Securities Sandbox."