Copy link
Increase text size
Decrease text size
Link copied

Blockchain settlement startup Fnality International joins Enterprise Ethereum Alliance

Tue, 14 Jan 2020, 08:18 am UTC

Fnality International has joined the largest developer community of enterprise blockchain developers, Enterprise Ethereum Alliance (EEA), Fnality announced.

Fnality is the commercial realization of the Utility Settlement Coin (USC) project led by UBS. It is backed by a consortium of financial institutions including many of the Globally Systemically Important Banks (GSIBs) that supported USC.

The company aims to create a network of decentralised Financial Market Infrastructures (dFMIs) with an associated digital settlement asset 'USC' for each addressed currency, to settle the tokenised value transactions with legal finality using a peer-to-peer exchange.

EEA membership is open to organizations around the globe passionate about evolving Ethereum-based enterprise-grade technology through research and development in areas like privacy, confidentiality, scalability, and security.

By joining EEA, Fnality International will have the opportunity to team up with other leaders on Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. It will also have the chance to learn, observe and participate in EEA’s special interest groups or technical working groups that define market requirements needed to contribute to future versions of the EEA specification, helping to scale the number of market categories the specification supports.

“Fnality is all about enabling settlement in tomorrow’s financial market infrastructure. Settlement requires all the parties involved to collaborate and cooperate; the EEA’s role is an essential part of that process and we are excited to work with the EEA and the other members to maximize the value of the new technology across the community,” Adam Clarke, CTO of Fnality, said about their partnership with EEA.

Last year, Fnality appointed Gary Chu, former Legal Counsel, and an Executive Director at UBS as General Counsel. They also welcomed Clarke who has previously served at UBS, JPMorgan & Chase, and other organizations as Chief Technology Officer (CTO); and Daniel Heller, who previously served at the IMF, as their new Head of Regulatory Affairs.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,495.92 (-0.86%)
  • Ethereum (ETH) $233.93 (-1.75%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $247.50 (+1.57%)
  • Bitcoin SV (BSV) $195.20 (+0.17%)
  • Bitcoin (BTC) $9,495.92 (-0.86%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft