
ClearToken Joins Bank Of England Digital Securities Sandbox
ClearToken has been officially accepted into the Bank of England’s Digital Securities Sandbox (DSS) to operate as a Digital Securities Depository. This milestone allows the firm to provide tokenized versions of existing securities, enabling intraday repo settlement that eliminates traditional batch processing and end-of-day cut-offs. By facilitating settlement throughout the day, institutions can borrow against collateral more efficiently, significantly reducing financing costs. At launch, the platform will support FTSE 350 equities, GBP government debt, and various corporate bonds, with plans to expand into private funds and commodities. CEO Ben Santos-Stephens emphasized that the move addresses the critical infrastructure gap in tokenization, specifically regarding settlement, collateral mobility, and payments. ClearToken holds UK permissions for these pillars, including authorization for the cash leg of transactions. This integration into the DSS represents a major step in bridging the gap between digital innovation and regulated financial markets within the UK.


