CoinVoice has recently learned that, according to Ledger Insights, the UK's Financial Conduct Authority (FCA) opened applications for the Digital Securities Sandbox (DSS) at the end of September, relaxing certain rules for DLT market infrastructure. The two entities that have currently announced receiving preliminary approval are (expected) Central Securities Depository (CSD) Montis (owned by Archax) and ClearToken, which plans to operate as a central clearing house for crypto and tokenized assets. ClearToken has received support from companies such as Nomura Securities' Laser Digital and Standard Chartered's Zodia Custody.
Like the EU's DLT pilot regime, the DSS program relaxes the requirement that exchanges and central securities depositories must always be separate (which can sometimes be impractical for DLT). [Original link]
