BlockBeats reported that on December 15, Fnality International announced the appointment of Michelle Neal as the new CEO. Neal is currently the Executive Vice President and Head of Markets at the New York Federal Reserve Bank (NY Fed) and will join Fnality in the first quarter of 2025. She has industry experience at BNY Mellon, Deutsche Bank, Nomura, Royal Bank of Canada, and Royal Bank of Scotland.
Fnality is a DLT settlement platform that launched the Sterling Fnality payment system last year, supported by 20 global institutions. Angus Fletcher is the CEO of Fnality UK. The company's system relies on a consolidated central bank account that holds funds to support tokenized central bank currency. The platform plans to launch solutions for the US dollar and euro, which require approval from the relevant central banks.
According to previous news, Fnality's founder and CEO Rhomaois Rham plans to resign.