Blockchain settlements firm Fnality has tested connectivity with Adhara’s bank liquidity solutions as the latest step on its path to launch. Fnality’s blockchain settlement tokens are backed by deposits at a central bank. Seventeen major financial institutions invested in the firm, and it is already designated as a systemically important payment system in the UK. It plans to launch this year.
Fnality’s vision from the start has been to improve bank liquidity. In these trials, Fnality provides the payment instrument and Adhara provides the liquidity management software. It’s not surprising that they integrate well as Adhara is also Fnality’s technology partner.
Fnality’s multinational banks keep cash or pools of liquidity in branches around the world. With blockchain it is possible to manage liquidity centrally.
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