ClearToken raises $10M with its crypto clearinghouse

ClearTokena clearing house with central counterparty specialized in cryptohas just raised 10 million dollars from Nomura, GSR and others.

Founded in 2021 in London, ClearToken is building a central counterparty clearing house that acts as an intermediary between economic agents in crypto markets.

On Wednesday, the company announced that it had received a $10 million investment from several figures in the crypto ecosystem, including exchange LMAX Digital, custody service Zodia Custody and market makers Flow Traders and GSR.

Laser Digital, the web3 arm of Japanese giant Nomura, also participated in the funding round.

According to ClearToken, clearing infrastructure is key to accelerating the adoption of digital assets including tokenized assets and cryptocurrencies such as Bitcoin and Ethereum, by institutional investors.

ClearToken’s approach to developing a central clearing solution will contribute positively to counterparty risk management, capital efficiency and addresses some of the key challenges for market participants,” commented Matt O’Neill, Head of Sales at Flow traders.

The company is now seeking approval from the Bank of England and the FCA regulator. It will offer a first settlement service later this year and plans to launch its CCP clearing services in 2025.

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