Cryptocurrency

Crypto firm backed by XTX, Nasdaq, Nomura scores FCA approval

ClearToken becomes the latest digital assets business to get the green light from regulators

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The Square Mile's watchdogs are warming up to bids from crypto firms Photo: Hollie Adams/Bloomberg/Getty Images

A crypto firm backed by finance heavyweights including XTX, Nasdaq and Flow Traders has won approval from UK regulators in the latest sign of thawing sentiment towards the sector.

ClearToken, a clearing and settlement infrastructure provider for digital assets, became authorised by the Financial Conduct Authority on 11 November, according to the watchdog’s register.

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