DeFi· ★★★· neutral·

ClearToken and Consensys Target 24/7 Tokenized Asset Settlement

  • —ClearToken and Consensys will pair blockchain infrastructure with legally enforceable settlement
  • —ClearToken CSD is developing the system under Gate 2 in the Bank of England sandbox
  • —Settlement is planned 24/7, including outside banking and market hours
  • —Eligible settlement assets could include fiat, tokenized bank deposits and stablecoins
Why it matters: The project could legalize round-the-clock institutional settlement in the UK, but hinges on Bank of England approval.
Source: CoinTrust
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