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Banco Santander, Lloyds Banking Group, and UBS successfully settle pilot uncleared margin transfers in the Sterling Fnality Payment System

  • This marks the first real-world wider business application of the £FnPS, a first step towards enabling banks to deliver structural cash ratio benefits, while also reducing costs and risks
  • The transactions used funds held directly in the £FnPS, signalling their future acceptance as collateral between counterparties

Fnality and Ownera partner to interconnect digital money to the institutional tokenisation market

The collaboration will make every Ownera router “Fnality-ready” and enable access to Fnality’s payment systems

Fnality and HQLAX complete successful end-to-end testing of cross-chain intraday repo settlement

  • Fnality and HQLAXcomplete the first end-to-end test of a cross-chain repo trade settlement at a precise moment in time, demonstrating interoperability across platforms
  • Plan to launch wholesale cross-chain repo transactions in Q4 2024, subject to UK regulatory approvals

Fnality commences initial phase of Sterling payment operations in a world-first for both wholesale finance and digital asset markets

  • DLT-based Sterling Fnality Payment System (£FnPS) sees first live transactions utilising a digital representation of funds at central bank. Initial participants are Lloyds Banking Group, Banco Santander, and UBS.

Fnality International raises £77.7m in Series B funding round

  • Latest funding round follows Series A of £55m in June 2019
  • Lead investors include Goldman Sachs and BNP Paribas

Update: Fnality International Chair

Fnality International would like to thank Olga Zoutendijk very much for her contribution and dedication as Chair of the company through an important time in its evolution. Having completed her mandate and as Fnality International now starts to prepare itself for the next phase of its multi-jurisdictional journey, Olga has decided now is the right time to step down as Chair in order to focus on other business interests.

Successful test connection between Adhara hub and several FnPS systems

Fnality and HQLAX demonstrate the first cross-chain repo swap pilot

Fnality and HQLAX demonstrate together with Banco Santander, Goldman Sachs and UBS, the first cross-chain repo swap pilot across Corda and Enterprise Ethereum, paving the way for the settlement of intraday transactions

Fnality & Finteum settle the first pilot cross-chain FX in seconds

Fnality and Finteum have executed the first cross-chain FX settlement transaction test across the two platforms, reducing cross-currency settlement to T+0 

Nomura invests in Fnality International

We are delighted to welcome Nomura as a new shareholder, supporting our vision for a regulation-first, real-time, wholesale payments system. 

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