Fnality has appointed Sir Jon Cunliffe as chair of its UK board and added former European central bankers Jochen Metzger and Prof. Dr. Ron Berndsen to Fnality Europe's supervisory board, strengthening its central-banking expertise as it expands regulated payment systems for settlement in central bank money. Cunliffe was formerly the Bank of England's Deputy Governor for Financial Stability and chaired the Bank for International Settlements' Committee on Payments and Market Infrastructures. Metzger, a former Deutsche Bundesbank Director General for Payments and Settlement Systems, is expected to chair the European board, while Berndsen previously headed oversight at De Nederlandsche Bank. Fnality launched its Sterling Fnality Payment System in 2023 under Bank of England regulation and has established entities in Germany and the United States to develop proposed euro and dollar systems. The company says regulated on-chain settlement in central bank money is needed for wholesale tokenized-asset markets to expand.