Regulations
By Jean-Luc Maracon
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Sterling First, Then Everything Else. Fnality's sterling payment system launched in 2023 and runs under direct regulation from the Bank…
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US Expansion Still in Regulatory Talks. Across the Atlantic, Fnality Bank U.S. is operating out of Stamford, Connecticut.
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Why Central Bankers, Why Now. Bringing in ex-regulators isn't just about governance optics. It's strategic.
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Fnality is moving fast. The blockchain settlement firm just stacked its leadership with three former central bankers — Jon Cunliffe, Jochen Metzger, and Ron Berndsen — as it…
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Cunliffe, who served as deputy governor of the Bank of England, is now chair of Fnality's UK board.
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Per Cunliffe's remarks in the company's announcement, Fnality's blockchain settlement system is crucial for the tokenization of financial markets, ensuring settlements happen in…
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And the market for that infrastructure is growing. Banks are increasingly looking at stablecoins and tokenized deposits as operational tools, not just speculative assets.
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The euro expansion runs through Eschborn, Germany, where Fnality has set up a subsidiary. That's the hub for building a euro-denominated payment system aimed squarely at European…
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Across the Atlantic, Fnality Bank U.S. is operating out of Stamford, Connecticut. The dollar payment system is still in development, and the company is in active discussions with…
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More context: Pound Plummets to $1.2450 as Weak Data Fuels Dollar Recovery
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Regulatory conversations in the US are notoriously slow for anything touching bank-level settlement infrastructure.
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The funding picture is stronger than it was. In September 2025, Fnality closed a $136 million Series C round.
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Bringing in ex-regulators isn't just about governance optics. It's strategic. Central banks don't hand out settlement licenses or regulatory approvals easily, especially for…
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Cunliffe in particular carries serious weight. His tenure at the Bank of England covered some of the most consequential years in global financial regulation.
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Berndsen's Dutch central bank background adds another layer of European credibility. And Metzger's Bundesbank role means the European subsidiary isn't going into German…
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