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Fnality - Undisclosed
Overview
About Fnality - Undisclosed
Euroclear has invested in Fnality, the international consortium of global banks focused on building a blockchain-based payment system to support the adoption of tokenised assets and marketplaces.
Euroclear says the investment will support its ambitions to increase the speed and efficiency for a range of post-trade operations with the settlement of digital securities against digital cash on DLT.
Founders & Team
Rhomaios Ram
Jan Schoombee
Adam Clarke
Company Profile / Project Introduction
Fnality International started its life as a pure research project to better understand how DLT could change financial markets. In time, the project grew to include a consortium of financial institutions who wished to explore how Blockchain and Distributed Ledger Technology (DLT) could use tokenised cash assets to settle securities trades. In so doing it sought to alleviate many of the FMI challenges. The initiative became known as the Utility Settlement Coin (USC) Project, with a core objective; the creation of a peer-to-peer digital cash asset to settle tokenised transactions with finality.