Digital financial market infrastructure ( FMI ) provider ClearToken has appointed Fernando Cerezetti as the chief risk officer of its subsidiary, ClearToken CCP, which is currently progressing its application process with the Bank of England ( BoE ) to become an authorised central counterparty ( CCP ).

In his role as the subsidiary’s chief risk officer, Cerezetti will be responsible for leading the development and oversight of its risk management framework and will report to its board and work closely with senior leadership across the wider group.

He will play a central role in ensuring that the subsidiary’s risk infrastructure meets the rigorous standards expected of an authorized CCP under the UK’s European Market Infrastructure Regulation and the BoE’s supervisory framework.

With over two decades of specialist experience, Cerezetti most recently served for more than five years as head of model risk management, data and governance for ICE Clear Europe, part of Intercontinental Exchange ( ICE ). Prior to joining ICE, he spent three years as a risk adviser in the BoE’s risk, research and CCP policy division. Earlier in his career, he worked as a quant associate director for B3, the emerging market exchange formerly known as BM&FBOVESPA.

This appointment follows the recent announcement that ClearToken intends to launch three Daml-based platforms – CT Settle, CT Pay and CT Register – on the Canton Network to enable regulated tokenization, payments and settlement.

These platforms, the company notes, will provide the first FMI-calibre infrastructure for stablecoin foreign exchange and tokenized cash flows, allowing firms to achieve atomic settlement finality across fiat, stablecoins and crypto assets within a single regulated environment.

“To attract people of Cerezetti’s calibre to the company,” adds Benjamin Santos-Stephens, ClearToken’s CEO, “is a great endorsement of our vision to deliver a future-proofed, regulated financial market infrastructure that can deliver on the promises of digital assets and tokenization, and pave the way for large scale institutional adoption.”