Consensys and ClearToken have partnered to deliver 24/7 settlement infrastructure for wholesale financial markets.

According to official announcements, Consensys and UK-based digital and traditional asset market infrastructure group ClearToken have announced a strategic partnership aimed at helping banks migrate tokenized assets and cash to infrastructure supporting 24/7 operation, while meeting wholesale financial markets’ requirements for legal certainty, risk control, and compliance. The two sides will combine blockchain’s technical finality with settlement finality: Consensys provides cryptographic technical safeguards to ensure on-chain transaction records are tamper-proof, while ClearToken focuses on ensuring fund and asset transfers have legal finality and irreversibility. Under the cooperation plan, ClearToken CSD Limited, leveraging its approval from the Bank of England’s Digital Securities Sandbox Phase 2, will support the tokenization of eligible securities held by different banks and their recognition as interchangeable unified financial instruments. Combined with the group’s FCA (Financial Conduct Authority)-authorized payment institution ClearToken Depository Limited, the two parties plan to support settlement of relevant securities and cash via Delivery versus Payment (DvP), with settlement assets including fiat currency, tokenized deposits, and stablecoins, enabling 24/7 uninterrupted operation.