ClearToken and Canton Network have entered a strategic partnership under which ClearToken will deploy three Daml-based Digital Asset Platforms (DAPs) directly on the Canton Network.
The partnership introduces what the firms describe as the first FMI-calibre settlement infrastructure for stablecoin foreign exchange and tokenised cash flows on a privacy-enabled institutional blockchain.
“CT Register, CT Pay and CT Settle deployed on Canton give institutions the regulated end-to-end settlement stack they need to unlock tokenisation, by providing Payment versus Payment (PvP) certainty and Delivery versus Payment (DvP) finality of settlement across every form of digital money,” said Benjamin Santos-Stephens, CEO of ClearToken.
CT Register will support the tokenisation and de-tokenisation of fiat and stablecoins, with securities expected to be added, recording assets on the Canton Network as programmable data tokens within ClearToken’s financial market infrastructure.
CT Pay and CT Settle will enable PvP and DvP settlement across fiat, stablecoins and cryptoassets.
This will allow cross-currency payments and asset transfers to settle simultaneously across multiple banks while reducing Herstatt and principal risk.
Yuval Rooz, CEO of Digital Asset, added: “What stands out is the combination of FCA-authorised market infrastructure with Canton’s privacy-preserving interoperability, enabling firms to move from issuance through payment and settlement with stronger certainty around finality and risk.
“It’s a practical blueprint for how regulated markets can adopt tokenisation at scale.”
