Odaily Planet Daily News ClearBank announced that it has been selected by Poundtoken to provide banking services, allowing it to hold its fiat-backed stablecoin reserves at the Bank of England. ClearBank provides financial institutions with secure accounts, real-time clearing and embedded banking services. It is reported that Poundtoken is the first regulated pound stablecoin issuer in the UK. The fiat-equivalent assets of Poundtoken (GBP) are "deposited in secure and segregated bank accounts to support a one-to-one exchange for pounds." In addition, ClearBank will also provide real-time transfer services. (Crowdfund Insider)