Revolutionary capabilities, unlocking real value.

Enhancing the margining process

By providing a faster, safer and more resilient digital wholesale payments system, Fnality improves the margining process to reduce risks for both buyers and sellers. With 24/7, near-instant settlement, and programmability of central bank money, Fnality empowers participants to pledge rather than title transfer cash for the purposes of margin payments, supporting more efficient collateralisation and eliminating counterparty risk.

24/7 cross-border payments, settled atomically

We’ve already demonstrated our instant settlement capabilities, showing how banks can settle payments on a real-time basis in major currencies. Our always-on settlement network ensures that participants aren’t constrained by the opening hours of RTGSs in specific regions, accelerating payments, reducing costs and risks, and opening up new liquidity management possibilities.

Real-time intraday repo swaps

A successful pilot with our partner HQLAX proved the validity of an intraday repo market, as well as the applicability of a cross-chain interoperability protocol for both PvP and DvP cases. Transactions were atomically settled across two platforms, while respecting each system’s boundaries, with the swap completed only when both systems’ criteria were fulfilled, to show how platforms running on different DLTs can be linked for enhanced resilience, reduced risks, and interoperability.