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Sterling Fnality Payment System

A regulated UK wholesale payment and settlement system that uses distributed-ledger technology and a digital representation of funds held at the Bank of England for real-time atomic sterling settlement.
Category: Payments Infrastructure

Description

The Sterling Fnality Payment System (£FnPS) is Fnality’s first operational payment system and the first fully regulated DLT-based payment system of its kind. Operated by Fnality UK Limited, it supports institutional participants using balances backed 1:1 by central-bank funds through an RTGS Omnibus Account. Its settlement platform runs on a private Ethereum network; access and operational scaling remain subject to regulatory limits and expectations.