Fnality International joins The Enterprise Ethereum Alliance
Supporting industry collaboration to deliver best practice, open standards and reference architectures
London, 13 January 2020. Fnality International, delivering a next generation payment system to support peer-to-peer markets and tokenisation, is pleased to announce that it has joined the Enterprise Ethereum Alliance (EEA), the defacto standards organization for enterprise blockchain – one that is backed by the largest developer community in the world and a worldwide member-base.
As a member of the EEA, Fnality International will collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. The Fnality Payment System will be an essential enabler for the development of new tokenised assets and the marketplaces that will accompany them.
Adam Clarke, CTO, commented: “Fnality is all about enabling settlement in tomorrow’s financial market infrastructure. Settlement requires all the parties involved to collaborate and cooperate; the EEA’s role is an essential part of that process and we are excited to work with the EEA and the other members to maximise the value of the new technology across the community.”
The EEA membership base represents hundreds of companies from every region of the world across a wide variety of business sectors, including technology, banking, legal, government, healthcare, energy, pharmaceuticals, marketing, and insurance. The EEA’s industry-focused, member-driven Special Interest and Technical Working Groups define market requirements needed to contribute to future versions of the EEA specification, helping to scale the number of market categories the specification supports. The EEA specifications and related materials are available for public download on the EEA website at entethalliance.org.
Fnality was set up by a consortium of financial institutions. The founding shareholders comprise: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds Banking Group, Mizuho Bank, MUFG Bank, Nasdaq, Sumitomo Mitsui Banking Corporation, State Street Corporation, and UBS.
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About the EEA
The EEA is a member-driven, standards organization whose charter is to develop open, blockchain specifications that drive harmonization and interoperability for businesses and consumers worldwide. Our global community of members is made up of leaders, adopters, innovators, developers, and businesses who collaborate to create an open, decentralized web for the benefit of everyone.
For additional information about joining EEA, please reach out to membership@entethalliance.org or visit www.entethalliance.org
About Fnality International
Fnality International (Fnality) is the commercial realisation of a four-year Research & Development project that has focussed on understanding how market infrastructure needs to evolve to meet the challenge of tokenised markets. Fnality International was founded to create a network of decentralised Financial Market Infrastructures (dFMIs) to deliver a payment system for tomorrow’s wholesale banking markets. Fnality is backed by 15 of the world’s largest Financial Institutions including many of the Globally Systemically Important Banks (GSIBs).
For additional information about Fnality, please reach out to enquiries@fnality.org or visit www.fnality.org
