UBS-backed fintech Fnality eyes US expansion with blockchain-based dollar payments

UBS-backed fintech Fnality eyes US expansion with blockchain-based dollar payments

The City-headquartered firm is discussing a stateside application with the Federal Reserve

Thursday, 1 February 2024 at 05:01

Fnality International, a London-based fintech backed by UBS and Goldman Sachs, is set to expand its blockchain-based payment system by adding the US dollar.

Fnality currently offers a blockchain-based sterling payment system, and started its first transactions in December with users including Lloyds, Santander, and UBS.