Crypto Clearing Firm Gets Investment

ClearToken, a firm claiming to be the first “horizontal clearing house for the digital asset market, says it has received over $10 million in investment from a host of firms in the industry including Nomura’s Laser Digital, liquidity providers Flow Traders and GSR, as well as infrastructure players LMAX Digital and Zodia Custody.

The firm says the investment “demonstrates the demand for traditional financial market infrastructure in digital assets markets to increase adoption, enhance fair aand orderly markets, reduce systemic risks and protect investors”. It also sees a desire on the part of institutional investors to increase their allocations to cryptoassets, “but the lack of segregated and regulated market infrastructure has held back their participation”.

ClearToken says it “intends” to be fully regulated in the UK and has initiated the process of recognition from the Bank of England, with the target of launching clearing services in 12-18 months.