Ctrl Alt has received direct authorisation from the UK Financial Conduct Authority (FCA), enabling it to provide regulated investment services.
The authorisation places Ctrl Alt Ltd, a subsidiary of Alt Ltd, on the FCA’s register under the UK framework for investment firms.
Previously operating as an Appointed Representative, Ctrl Alt has now secured its own direct FCA authorisation, enabling the firm to operate independently under its own regulatory permissions and oversight. The move is part of a longer-term strategy for the company to establish London as a hub for digital capital markets.
Operating under its own regulatory permissions will allow the firm to expand its digital capital markets services, supporting the end-to-end lifecycle of tokenised assets.
Matt Ong, CEO & Founder of Ctrl Alt, said: “This authorisation is an important step for Ctrl Alt and for financial innovation in the UK as a whole. It allows us to continue expanding our tokenisation capabilities and support the development of more efficient and accessible financial markets.
“At a time when UK-based firms are relocating abroad, we are focused on strengthening London’s position as a global hub for digital capital markets and delivering the tokenisation infrastructure that will drive the next generation of financial innovation.”
The FCA approval comes amid Ctrl Alt’s ongoing participation in initiatives led by the Bank of England, including the Digital Securities Sandbox and the Synchronisation Lab.
In these programmes, Ctrl Alt is exploring the use of its tokenisation infrastructure for the issuance, trading and settlement of securities, as well as testing synchronisation capabilities with the Bank’s renewed real-time gross settlement service, respectively.
