Discover Fnality International: Revolutionizing Global Financial Markets with DLT
Fnality International, initially a research project, has evolved into a consortium of 17 major financial institutions striving to revolutionize the financial market landscape. The founding project, Utility Settlement Coin (USC), aimed to create a peer-to-peer digital cash asset for settling tokenized transactions with finality. By leveraging blockchain and distributed ledger technology (DLT), Fnality seeks to address the challenges faced by financial market infrastructures (FMI).
The envisioned payment solution offers numerous benefits, including:
Multi-currency support for increased efficiency in managing fragmented liquidity.
Interoperability across multiple business platforms to enable PvP or DvP settlement of financial transactions.
A digital representation of central bank-held money, providing banks with the same level of trust as fiat currency.
Upon establishing these objectives' technical and theoretical feasibility, the consortium members invested in forming Fnality International, which now includes prominent institutions such as Banco Santander, BNY Mellon, Barclays, Credit Suisse, Nasdaq, and UBS, among others.
Fnality International's Global Payments Insights series delves into the most pressing issues in the financial market space. By developing innovative DLT-based solutions, Fnality aims to facilitate quicker, safer, and more efficient value exchange in global wholesale financial markets.
For job seekers interested in joining a cutting-edge company in the blockchain and DLT space, Fnality International presents a unique opportunity to contribute to transforming the financial markets through digital cash assets and tokenized settlements.