Many claim their announcements are groundbreaking, but today’s launch of the DLT Sterling Finality Payment System (£FnPS) really is. A trustworthy on-chain payment mechanism is one of the critical requirements to support tokenized securities and capital markets. Now the UK has one.
The first banks to go live are Lloyds Banking Group, Banco Santander and UBS.
“Transacting the first live payments over Fnality is evidence of the Fnality vision coming to life,” said Hyder Jaffrey, Managing Director of Principal Investments and Strategic Ventures at UBS. “The creation of a new systemically important global payment system is a once in a generation event.”
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