ClearToken Raises $10M From Institutional Investors Including Nomura’s Laser Digital
Cleartoken, a cryptocurrency clearing house, has secured over $10 million in seed investment from institutional investors such as Laser Digital, Flow Traders, GSR, LMAX Digital, and Zodia Custody. The company aims to offer horizontal clearing and settlement for digital assets, enabling participants to trade across multiple venues and streamline their clearing and settlement activities in one place. This approach is expected to bring operational and cost benefits and encourage wider access to multiple liquidity pools. Cleartoken is seeking regulatory approval in the UK and has initiated the process of gaining clearing house recognition from the Bank of England. The company intends to provide preliminary settlement services this year and central counterparty clearing services within the next 12-18 months.
