ME News reports that on September 10 (UTC+8), Jon Cunliffe, former Deputy Governor of the Bank of England, has joined blockchain payment company Fnality as Chairman of the Board of its UK entity; Jochen Metzger, former Director of Payment and Settlement Systems at the German Federal Bank, has been appointed to the Supervisory Board of Fnality Europe (its German business unit), where he is expected to serve as Chairman. Ron Berndsen, formerly Head of Supervision and Head of Market Infrastructure Policy at the Dutch Central Bank, will also join the Supervisory Board of Fnality Europe. Headquartered in London, Fnality operates a wholesale payment system that enables banks to settle obligations using central bank money balances. Its pound sterling payment system, regulated by the Bank of England, was launched in 2023. The company is currently seeking regulatory approval to launch dollar and euro payment versions. (Source: Foresight News)
Former BoE Deputy Governor Joins Fnality as UK Board Chair
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Former Bank of England deputy governor Jon Cunliffe has joined Fnality as chairman of its UK entity, with liquidity and crypto markets expected to benefit from the move. Jochen Metzger and Ron Berndsen, former officials from the German and Dutch central banks, will also join Fnality Europe’s supervisory board. Fnality operates a wholesale payment system that enables banks to settle liabilities using central bank money balances. The GBP system, regulated by the BoE, launched in 2023, and the company is seeking approval for USD and EUR versions. With BTC as a hedge against inflation under focus, Fnality’s expansion could influence future monetary strategies.
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