Fnality International (Fnality) was founded in May 2019 as the next step in a transformational project that started life as the Utility Settlement Coin (USC) Project. Our goal is to create a regulated network of distributed Financial Market Infrastructures (dFMIs) to support global exchange of value transactions. So transformational is this project, we already have five currencies in scope: CAD, EUR, GBP, JPY & USD.
Fnality was born out of the need to transform clearing and settlement processes; enabling Delivery vs. Payment (DvP) in tokenised securities markets, and in the secured funding market enabling instant settlement on a Payment vs. Payment (PvP) basis.
Backed by 14 of the world's leading financial institutions and a 'Series A' equity round of £50m finalised in May 2019, at Fnality, the world's most talented engineers, lawyers, bankers, analysts and thought leaders are shaping the global future of financial services by driving the transformation of financial markets back to Peer-to-Peer.