According to Odaily Planet Daily, the UK Financial Conduct Authority (FCA) opened the Digital Securities Sandbox (DSS) for application at the end of September, relaxing certain rules for DLT market infrastructure.
Currently, the two entities that have received preliminary approval are central securities depository Montis (owned by Archax) and ClearToken, which plans to operate as a central clearinghouse for crypto and tokenized assets.
ClearToken is backed by firms including Nomura’s Laser Digital and Standard Chartered’s Zodia Custody. The DSS plans to relax rules that require exchanges and central securities depositories to remain separate.
