ClearBank joins the Digital Pound Foundation as an Associate Member

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Published: March 27, 2024

We are very pleased to announce the addition of ClearBank to the Digital Pound Foundation’s membership community. ClearBank joins the Foundation as an Associate Member and will take part in the Identity & Privacy and Policy, Legal & Regulatory Working Groups. As a technology-enabled clearing bank, ClearBank enables its partners to offer real-time payment and innovative banking services to their customers.

Charles McManus, CEO of ClearBank, commented: “ClearBank has joined the Digital Pound Foundation (DPF) to play a role in the future of digital currency and explore the possibilities of evolving digital payment options, including tokenised deposits and stablecoins. The DPF has been very active since its launch, engaging with politicians, regulators and practitioners alike to demonstrate the potential impacts of new forms of digital money, and we look forward to being an active member of the Foundation’s community.”

Jannah Patchay, Executive Director and Policy Lead, Digital Pound Foundation added: “We warmly welcome ClearBank to the DPF as our newest member. As we continue to explore a future ecosystem for new forms of digital money that is diverse, effective and competitive, it is vitally important that banks and other regulated financial institutions are an integral part of the policy conversation around the design and implementation of a digital Pound and the growth of new forms of digital money. We look forward to having ClearBank as part of the DPF’s growing membership base and to exploring how new developments in the digital currency ecosystem may impact on the future of banking, and their potential as a platform for financial innovation.”

Interested to become a member of the Digital Pound Foundation?

If you are interested to learn more about membership, including the many benefits and opportunities, please head over to our membership page, or reach out to our Membership and Community Manager, Michelle Brook directly via email: membership@digitalpoundfoundation.com

About ClearBank

ClearBank is a purpose-built, technology-enabled clearing bank. Through its banking licence and intelligent, robust technology solutions, ClearBank enables its partners to offer real-time payment and innovative banking services to their customers.

ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568).

Visit www.clear.bank for more information.

About the Foundation

Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

Join our community

Collaborate with other members through our various working groups, discussing and building concepts around use cases and payments, innovative approaches to privacy, identity, and sustainability, and addressing legal and regulatory concerns collaboratively. Join our events, both in-person and online, and participate across our panel discussions, roundtables, and webinars. Meanwhile, our audience is large and growing quickly, providing members with additional outlets to share and amplify their latest news and developments.