The UK's Financial Conduct Authority (FCA) has recently opened applications for the Digital Securities Sandbox (DSS), aimed at providing more flexible rules for DLT market infrastructure. This initiative has attracted considerable attention, particularly from two entities that have received preliminary approval: Montis and ClearToken. Montis is owned by Archax, while ClearToken plans to operate as a central clearing house for crypto and tokenized assets.

It is worth mentioning that ClearToken has the support of companies such as Nomura Securities' Laser Digital and Standard Chartered's Zodia Custody. The DSS program is similar to the EU's DLT pilot regime, relaxing the requirement for exchanges and central securities depositories to be separate, bringing more possibilities to the industry. 📈🔍