Entrepreneur UK’s London 100: Fnality

The first regulated DLT-based wholesale payment system—Fnality is redefining financial market infrastructure

By Patricia Cullen | Jun 05, 2025
Fnality
Fnality, CEO, Michelle Neal

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Industry: FinTech

Founded in June 2019, Fnality’s mission was clear from the outset: to establish a network of distributed financial market infrastructures (dFMIs) that bring real-time, on-chain payment capabilities to global wholesale markets.

With real-time atomic settlement, 24/7 availability, programmability, and interoperability with tokenised asset markets, Fnality is pioneering new standards for financial market infrastructures.

A landmark moment in Fnality’s journey came in December 2023, when the £FnPS (Sterling Fnality Payment System) commenced operations.

This was a historic achievement, marking the world’s first regulated distributed ledger technology (DLT)-based wholesale payment system that settles transactions using a digital representation of central bank funds.

Fnality has raised £132.7m to date, and is backed by 20 of the world’s leading banks, institutions actively managing capital and investing in financial markets, and other financial market infrastructures.

Industry: FinTech

Founded in June 2019, Fnality’s mission was clear from the outset: to establish a network of distributed financial market infrastructures (dFMIs) that bring real-time, on-chain payment capabilities to global wholesale markets.

With real-time atomic settlement, 24/7 availability, programmability, and interoperability with tokenised asset markets, Fnality is pioneering new standards for financial market infrastructures.

A landmark moment in Fnality’s journey came in December 2023, when the £FnPS (Sterling Fnality Payment System) commenced operations.

This was a historic achievement, marking the world’s first regulated distributed ledger technology (DLT)-based wholesale payment system that settles transactions using a digital representation of central bank funds.

Fnality has raised £132.7m to date, and is backed by 20 of the world’s leading banks, institutions actively managing capital and investing in financial markets, and other financial market infrastructures.

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