Pure Digital Partners with ClearToken
Posted by Colin Lambert. Last updated: May 6, 2023
Digital assets interbank platform Pure Digital has entered into a proof of concept agreement with ClearToken, a digital assets clearing house project backed by Nomura’s Laser Digital.
While Pure Digital continues to work towards a launch, a post by the firm’s part-owner Arcario says it has secured an additional “tier-one investment bank” to join the existing Letters of Intent obtained from six other banks, including State Street and BNY Mellon. It adds that the agreement with ClearToken accelerates progress by enabling integration with its centralised clearing house system, streamlining entry into the digital asset market for top-tier banks.
“Our alliance with ClearToken marks a pioneering effort to accelerate digital asset adoption among tier one banks,” says Lauren Kiley, CEO of Pure Digital. “By incorporating centralised clearing and embracing regulatory advancements like MiCA, we’re constructing a reliable and efficient trading ecosystem for financial institutions.”
Benjamin Santos-Stephens, CEO of ClearToken adds, “ClearToken is committed to supporting the institutionalisation and wholesale adoption of digital assets by providing robust, well governed, and appropriately regulated financial market infrastructure. We are proud to partner with Pure Digital and its ecosystem of other like-minded banks.”