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Fnality International
Fnality International is a fintech company building a global network of regulated, DLT-based wholesale payment systems (Fnality Payment Systems) that let banks settle transactions in real time using digital cash fully backed by funds held at central banks. Its flagship Sterling Fnality Payment System (£FnPS) is the world's first fully regulated distributed ledger technology-based payment system, operated by its UK subsidiary and regulated by the Bank of England. Clients are wholesale banks and financial institutions seeking real-time, 24/7, cross-border settlement, liquidity optimisation, and interoperability with tokenised asset markets.
London, GB
Description
Fnality International began as a research project (Utility Settlement Coin) and has grown into a pioneering global organisation developing and scaling DLT-based payment systems across multiple jurisdictions. Its core product, the Sterling Fnality Payment System (£FnPS), is the first fully regulated, distributed ledger technology-based payment system in the world, enabling real-time, atomic, peer-to-peer settlement fully backed by funds held at central bank, with 24/7 availability and reduced counterparty and settlement risk. The company is backed by 24 of the world's leading financial institutions as shareholders and is building a global, interconnected network of interoperable Fnality Payment Systems in major currencies (including a US dollar system) to serve wholesale banks and businesses in capital markets, cross-border payments, margining, and repo/collateral use cases. Fnality Services, a division of the Fnality Group, provides daily operational support, software licensing, and inter-system agreements across the network. Fnality's clients and partners include major global banks and financial market infrastructure providers such as BNP Paribas, Lloyds, HQLAX, DTCC, OSTTRA and Baton Systems.Grant Funding
VC Funding
None
2019
2023
2025
$0
$642M