How it works

Process

How Fnality enables programmable settlement

Funded in central bank money

Participants transfer balances held at the relevant central bank to Fnality. Every funded balance at Fnality represents an entitlement to central bank money.

Digital balances recorded

Fnality records participants' funded balances on its DLT ledger, creating the secure foundation for on-chain settlement.

Programmable global settlement

Programmable settlement enables PvP, DvP and other linked workflows across Fnality’s harmonised global network, supporting seamless settlement across currencies, jurisdictions and market infrastructures.

Designed for Digital Financial Markets

Settlement quality matters as much as speed

Digital markets demand more than faster settlement. They require trusted settlement that is final, programmable, resilient and designed to optimise liquidity. Fnality combines settlement in using central bank money balances with programmable capabilities that enable market participants to manage risk, improve capital efficiency and support new market models.

By connecting traditional and tokenised financial markets, Fnality supports secure, event-driven settlement across interoperable financial ecosystems.

Programmable

Support event-driven settlement, DvP, PvP and automated workflows

Final

Settlement occurs in central bank money balances with legal finality, helping to reduce settlement and credit risks

Always on

Up to 24/7 availability enables institutions to support global markets beyond traditional operating windows

Enabling the next era of finance

Designed for interoperable settlement

Fnality supports a range of liquidity and settlement models, helping market participants settle more securely, efficiently and interoperably across global digital markets.

A global settlement layer

Fnality complements existing financial infrastructure by connecting financial institutions, financial market infrastructures, messaging networks and regulated tokenised asset platforms through a common settlement layer.

Supports settlement for transactions executed through trading venues, exchanges, CCPs, CSDs and post-trade infrastructures.

Participation

Designed to support broad market participation

While eligibility is determined by regulatory frameworks in each market, participation may extend beyond direct RTGS members where local rules permit.

All participants operate on equal terms within the payment system.