--- title: "Cleartoken Depository Limited · Authorised Payment Institution (FCA) · United Kingdom | Elucidate" description: "Cleartoken Depository Limited is authorised by FCA as an authorised payment institution in the United Kingdom. Licence 1017352. LEI 254900FURJSD1YM14868. Register status, licences, activities and ownership." url: https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40 --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Cleartoken Depository Limited United Kingdom · Payments & e-money # Cleartoken Depository Limited Trading as Cleartoken ClearToken Depository Limited is a private limited company based in London. The FCA authorises it as an Authorised Payment Institution under the Payment Services Regulations 2017. The FCA also registers it as a cryptoasset firm under the Money Laundering Regulations 2017. It belongs to the ClearToken group and is held through ClearToken UK Holdings Limited under ClearToken Holdings Limited. The group describes itself as majority-owned by market participants. The firm operates CT Settle, a delivery-versus-payment (DvP) net settlement service, and CT Pay, a payment and payment-versus-payment (PvP) settlement service. Both cover fiat currencies, stablecoins and cryptoassets for institutional market participants. CT Settle went live in December 2025. Register status Licensed in the United Kingdom Authorised Payment Institution · FCA Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#licences) BIC **No BIC** LEI **[254900FURJSD1YM14868](https://search.gleif.org/#/record/254900FURJSD1YM14868)** [Licence no. **1017352**](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#licences) ## Licences and registrations Held by Cleartoken Depository Limited (LEI 254900FURJSD1YM14868). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA | Authorised Payment InstitutionPayment Institution | 1017352 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2025-11-11 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) | Trading names on the register: Cleartoken (FCA-PSD) - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#overview-sources) Customers Not published Employees Not published Ownership Group subsidiary ClearToken UK Holdings Limited Firm type Payment infrastructure Trades as ClearToken - **Ownership:** ClearToken Holdings Limited owns the firm through ClearToken UK Holdings Limited. The group states that it is majority-owned by market participants, and its announced investors include Laser Digital (Nomura), Zodia Custody, Flow Traders, LMAX Digital and GSR. - **Direct parent:** [ClearToken UK Holdings Limited ↗](https://search.gleif.org/#/record/254900FTDL3U7FW4DS45), United Kingdom - **Ultimate owner:** ClearToken Holdings Limited, United Kingdom - **Head office:** Spaces Suite 4.06, 60 Cannon Street, EC4N 6NP London, United Kingdom (registered office: 1 Bow Churchyard, London EC4M 9DQ, United Kingdom) - **Company register:** Companies House 15284284 - **Incorporated:** 14 Nov 2023 - **Founder:** Benjamin Santos-Stephens ### Online - **Websites & references:** [cleartoken.io ↗](https://cleartoken.io/) - **Official social accounts:** [LinkedIn ↗](https://uk.linkedin.com/company/cleartoken) Sources · 16 pages consulted 1. [cleartoken.io/about-cleartoken/our-group/legal-and-regulatory/](https://cleartoken.io/about-cleartoken/our-group/legal-and-regulatory/) 2. [find-and-update.company-information.service.gov.uk/company/15284284](https://find-and-update.company-information.service.gov.uk/company/15284284) 3. [cleartoken.io/services/ct-register/](https://cleartoken.io/services/ct-register/) 4. [cleartoken.io/services/ct-pay/](https://cleartoken.io/services/ct-pay/) 5. [cleartoken.io/about-cleartoken/our-group/](https://cleartoken.io/about-cleartoken/our-group/) 6. [cleartoken.io/about-cleartoken/our-journey/](https://cleartoken.io/about-cleartoken/our-journey/) 7. [cleartoken.io/about-cleartoken/team/](https://cleartoken.io/about-cleartoken/team/) 8. [cleartoken.io/wp-content/uploads/2025/11/CLEARTOKEN-November-2025-FCA-Authorisation-Press-Release.pdf](https://cleartoken.io/wp-content/uploads/2025/11/CLEARTOKEN-November-2025-FCA-Authorisation-Press-Release.pdf) 9. [cleartoken.io/wp-content/uploads/2025/12/CT-Settle-Go-Live-press-release-6.12.2025.pdf](https://cleartoken.io/wp-content/uploads/2025/12/CT-Settle-Go-Live-press-release-6.12.2025.pdf) 10. [cleartoken.io/news/press-releases/cleartoken-launches-regulated-stablecoin-fx-and-tokenised-settlement-](https://cleartoken.io/news/press-releases/cleartoken-launches-regulated-stablecoin-fx-and-tokenised-settlement-on-canton-network/) 11. [cleartoken.io/press/cleartoken-raises-10m-from-institutional-investors-including-nomuras-laser-digital/](https://cleartoken.io/press/cleartoken-raises-10m-from-institutional-investors-including-nomuras-laser-digital/) 12. [ledgerinsights.com/cleartoken-raises-10m-for-digital-assets-central-clearing-from-nomura-stanchart-subsidiar](https://www.ledgerinsights.com/cleartoken-raises-10m-for-digital-assets-central-clearing-from-nomura-stanchart-subsidiaries/) 13. [finextra.com/pressarticle/108705/cleartoken-appoints-chief-commercial-officer-and-coo](https://www.finextra.com/pressarticle/108705/cleartoken-appoints-chief-commercial-officer-and-coo) 14. [a-teaminsight.com/people/cleartoken-appoints-kristi-tange-as-group-chief-risk-officer-and-clare-weaver-as-c](https://a-teaminsight.com/people/cleartoken-appoints-kristi-tange-as-group-chief-risk-officer-and-clare-weaver-as-chief-legal-officer/) 15. [thepaypers.com/fraud-and-fincrime/news/bank-of-england-approves-cleartoken-csd-to-run-digital-depository](https://thepaypers.com/fraud-and-fincrime/news/bank-of-england-approves-cleartoken-csd-to-run-digital-depository) 16. [marketsmedia.com/cleartoken-launches-cls-type-settlement-for-crypto/](https://www.marketsmedia.com/cleartoken-launches-cls-type-settlement-for-crypto/) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#overview-sources) - **Operates under:** Its own licences The FCA authorises the firm as an Authorised Payment Institution under the Payment Services Regulations 2017 (FRN 1017352). The FCA also registers it as a cryptoasset firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (FRN 1016940). The firm states that the Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply to its cryptoasset activities. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Financial Conduct Authority United Kingdom | Authorised Payment Institution (Payment Services Regulations 2017) | 1017352 | In its own name | Active | [cleartoken.io ↗](https://cleartoken.io/about-cleartoken/our-group/legal-and-regulatory/) | | Financial Conduct Authority United Kingdom | Cryptoasset firm registration under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 | 1016940 | In its own name | Active | [cleartoken.io ↗](https://cleartoken.io/about-cleartoken/our-group/legal-and-regulatory/) | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#overview-sources) - **Safeguarding:** Not disclosedThe firm describes CT Pay and CT Settle as non-custodial and says fiat and digital cash remain in the users' possession. Participants settle from accounts held at third-party custodians and banks. It does not publish a safeguarding statement. [cleartoken.io ↗](https://cleartoken.io/services/ct-pay/) - **Crypto-asset custody:** Non-custodial: customers hold their own keysThe firm settles cryptoassets and stablecoins on a DvP basis and describes the service as non-custodial. At launch in December 2025 it named Zodia Custody as the sole digital custody partner. [cleartoken.io ↗](https://cleartoken.io/about-cleartoken/our-journey/) - **Settlement bank:** Bank Frick Liechtenstein [cleartoken.io ↗](https://cleartoken.io/wp-content/uploads/2025/12/CT-Settle-Go-Live-press-release-6.12.2025.pdf) - **Crypto custodian:** Zodia Custody United Kingdom [cleartoken.io ↗](https://cleartoken.io/wp-content/uploads/2025/12/CT-Settle-Go-Live-press-release-6.12.2025.pdf) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#overview-sources) - Crypto payments - Domestic payments It provides DvP net settlement (CT Settle) and single-sided payment and PvP settlement (CT Pay) across fiat, stablecoins, tokenised deposits and cryptoassets for trading venues, market makers and buy-side firms. It also offers tokenisation through CT Register. It operates from London under its UK FCA authorisation and registration and serves institutional participants. It does not publish a list of countries it serves. - **Sells to:** Financial institutions · Platforms and marketplaces - **Serves customers in:** United Kingdom - **Latest funding round:** seed · USD 10m Mar 2024 [cleartoken.io ↗](https://cleartoken.io/press/cleartoken-raises-10m-from-institutional-investors-including-nomuras-laser-digital/) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#overview-sources) - **Chief executive:** Benjamin Santos-Stephens Founder and Chief Executive Officer, ClearToken (group) Confirmed 29 Sep 2026 · [cleartoken.io ↗](https://cleartoken.io/about-cleartoken/team/) - **Chair:** Niki Beattie Chair, ClearToken (group) Confirmed 29 Sep 2026 · [cleartoken.io ↗](https://cleartoken.io/wp-content/uploads/2025/11/CLEARTOKEN-November-2025-FCA-Authorisation-Press-Release.pdf) - **Compliance / MLRO:** Claire Conby Executive Director, Depository Head of Compliance & MLRO, ClearToken Depository Limited Confirmed 29 Sep 2026 · [cleartoken.io ↗](https://cleartoken.io/about-cleartoken/team/) - **Executive:** Kristi Tange Group Chief Risk Officer Confirmed 29 Sep 2026 · [cleartoken.io ↗](https://cleartoken.io/about-cleartoken/team/) - **Executive:** Chris Smith Chief Operating Officer, ClearToken (group) Confirmed 2 Feb 2026 · [finextra.com ↗](https://www.finextra.com/pressarticle/108705/cleartoken-appoints-chief-commercial-officer-and-coo) - **Executive:** Mark Williamson Chief Commercial Officer, ClearToken (group) Confirmed 9 Mar 2026 · [cleartoken.io ↗](https://cleartoken.io/news/press-releases/cleartoken-launches-regulated-stablecoin-fx-and-tokenised-settlement-on-canton-network/) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#overview-sources) 1. Sep 2026 Licence The Bank of England approved sister company ClearToken CSD Limited at Gate 2 of its Digital Securities Sandbox to operate a Digital Securities Depository. [thepaypers.com ↗](https://thepaypers.com/fraud-and-fincrime/news/bank-of-england-approves-cleartoken-csd-to-run-digital-depository) 2. Mar 2026 Other ClearToken announced deployment of CT Register, CT Pay and CT Settle on the Canton Network under a partnership with Canton Network. [cleartoken.io ↗](https://cleartoken.io/news/press-releases/cleartoken-launches-regulated-stablecoin-fx-and-tokenised-settlement-on-canton-network/) 3. Feb 2026 Leadership ClearToken appointed Mark Williamson as Chief Commercial Officer and formalised Chris Smith's appointment as Chief Operating Officer. [finextra.com ↗](https://www.finextra.com/pressarticle/108705/cleartoken-appoints-chief-commercial-officer-and-coo) 4. Jan 2026 Leadership ClearToken appointed Kristi Tange as Group Chief Risk Officer and Clare Weaver as Chief Legal Officer. [a-teaminsight.com ↗](https://a-teaminsight.com/people/cleartoken-appoints-kristi-tange-as-group-chief-risk-officer-and-clare-weaver-as-chief-legal-officer/) 5. Dec 2025 Other The firm launched CT Settle, completing its first settlement cycle between LMAX Digital and Flow Traders with Zodia Custody and Bank Frick. [cleartoken.io ↗](https://cleartoken.io/wp-content/uploads/2025/12/CT-Settle-Go-Live-press-release-6.12.2025.pdf) 6. Nov 2025 Licence The FCA authorised the firm as an Authorised Payment Institution and registered it as a cryptoasset firm under the Money Laundering Regulations. [cleartoken.io ↗](https://cleartoken.io/wp-content/uploads/2025/11/CLEARTOKEN-November-2025-FCA-Authorisation-Press-Release.pdf) 7. Mar 2024 Funding The ClearToken group announced more than USD 10 million in funding from investors including Laser Digital, Zodia Custody, Flow Traders, LMAX Digital and GSR. [ledgerinsights.com ↗](https://www.ledgerinsights.com/cleartoken-raises-10m-for-digital-assets-central-clearing-from-nomura-stanchart-subsidiaries/) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **Licence no. · FCA-PSD:** 1017352 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [254900FURJSD1YM14868 ↗](https://search.gleif.org/#/record/254900FURJSD1YM14868) - **How the LEI was matched:** Matched by Elucidate on the UK company number the register gives - **Companies House no.:** [15284284 ↗](https://find-and-update.company-information.service.gov.uk/company/15284284) - **Market identifier code:** [CTDD](https://elucidate.co/directory/cleartoken-depository-limited-b6438e135b40#markets) - **Elucidate firm ID:** b6438e135b40 ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Payment services - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2025-11-11 Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records - **Direct parent:** Cleartoken UK Holdings Limited · United Kingdom[254900FTDL3U7FW4DS45 ↗](https://search.gleif.org/#/record/254900FTDL3U7FW4DS45) - **Ultimate parent:** Cleartoken Holdings Limited · United Kingdom[254900RCSPNI5B36KB94 ↗](https://search.gleif.org/#/record/254900RCSPNI5B36KB94) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Persons with significant control Companies House · company [15284284 ↗](https://find-and-update.company-information.service.gov.uk/company/15284284) · as at 9 October 2026 Companies House lists 1 person with significant control for Cleartoken Depository Limited: 1 company. | Name | Type | Nature of control | Notified | | --- | --- | --- | --- | | [Cleartoken Uk Holdings Limited ↗](https://find-and-update.company-information.service.gov.uk/company/15203513) | Company · UK | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 14 November 2023 | | [Cleartoken Holdings Limited ↗](https://find-and-update.company-information.service.gov.uk/company/15166642) | Company · UK · through Cleartoken Uk Holdings Limited | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 11 October 2023 | | Cleartoken Holdings Limited: the company states that no person or legal entity has significant control over it. | Companies report persons with significant control to Companies House. Elucidate has not verified them. A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown. Matched on the Companies House number that the FCA register gives for this firm. [See the register at Companies House ↗](https://find-and-update.company-information.service.gov.uk/company/15284284/persons-with-significant-control) ## Addresses - **Address on the register:** 1 Bishops Square, London, E1 6AD - **Country:** United Kingdom ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in one address line ```xml 254900FURJSD1YM14868 Cleartoken Depository Limited E1 6AD London GB 1 Bishops Square ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Market identifiers One trading venue or reporting service run under this LEI | MIC | Market | Kind | Category | | --- | --- | --- | --- | | CTDD | CLEARTOKEN DEPOSITORY LTD | Operating MIC | Other | ## Related institutions ### Other payments & e-money institutions in the United Kingdom - [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l) - [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725) - [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392) - [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l) - [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22) - [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896) - [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5) - [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb) [See all →](https://elucidate.co/directory/search?type=payments&cc=GB) [Other entries on FCA-PSD →](https://elucidate.co/directory/register/fca-psd) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Register for this page - **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) as at 9 October 2026 - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.