Overview
Fnality International is building a network of distributed Financial Market Infrastructures (dFMIs) that enable wholesale payments using blockchain-based deposit tokens backed by central bank reserves. Founded by a consortium of major global banks including Barclays, CIBC, Credit Suisse, ING, Lloyds, Nasdaq, Santander, and UBS, Fnality represents the banking industry's collective effort to modernise wholesale settlement using distributed ledger technology. Each Fnality Payment System token is backed 1:1 by central bank reserves, creating a tokenised form of central bank money for interbank settlement that operates 24/7 with atomic settlement finality.
Key Products & Features
- USC (Utility Settlement Coin) — central bank-backed settlement token
- Fnality Payment System — DLT-based wholesale payments
- Multi-currency support — GBP, EUR, USD, CAD, JPY
- Atomic settlement — instant, final cross-bank settlement
Why This Is NeoFi
Fnality is institutional NeoFi at its purest: settlement tokens operate on distributed ledger technology, they provide critical real-world utility for wholesale interbank payments, and the consortium of global banks and central bank reserve backing represents the highest possible institutional grade.
The three pillars of NeoFi:
- On-Chain Execution: All operations and settlement occur transparently on blockchain, ensuring full auditability and programmability.
- Real-World Financial Utility: Products deliver genuine value in established financial markets — lending, trading, payments, custody, or asset management.
- Institutional-Grade Design: Infrastructure meets the standards of professional finance: robust risk management, compliance frameworks, scalability, and operational resilience.
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