What is Fnality?

Fnality develops payment systems based on distributed ledger technology (DLT). Its main product, the Sterling Fnality Payment System (FnPS), is backed by central bank funds and allows real-time peer-to-peer settlement. The system supports delivery versus payment (DvP), operates 24/7, and can connect to both traditional financial infrastructure and DLT platforms. Fnality is supported by a group of international financial institutions and focuses on improving efficiency and risk management in wholesale payments.