central-bank-money
(2)
Fnality
Fnality is a London-based financial market infrastructure company building a network of regulated, blockchain-based wholesale payment systems that let banks settle transactions in a digital representation of central bank money. Its Sterling Fnality Payment System (£FnPS), launched in December 2023, is the world's first regulated distributed-ledger-technology wholesale payment system. Backed by a consortium of more than 20 global banks and market infrastructures, Fnality aims to enable 24/7 real-time, atomic settlement for tokenised asset markets, FX and repo, extending beyond Sterling into US Dollar, Euro and other currencies.
Michelle Neal
Michelle Neal is Group Chief Executive Officer of Fnality International, the London-based fintech running the first regulated DLT-based wholesale payment system. She joined Fnality in early 2025 after leading the Markets Group at the Federal Reserve Bank of New York, and previously ran BNY Mellon's global markets business as its CEO. Her mandate: extend Fnality's central-bank-backed settlement rails from sterling into dollar and euro, and turn a working pilot into the plumbing of 24/7 institutional finance.