Fnality CEO Highlights Growing Bank Adoption of Blockchain

Michelle Neal, CEO of Fnality International, emphasized in a recent statement that the banking sector is becoming increasingly receptive to blockchain technology. She pointed to blockchain’s ability to deliver real-time settlement, 24/7 transaction availability, and significant cost savings as key drivers of this shift. Neal believes that these efficiencies, along with the added resilience blockchain can bring to financial systems, are making the technology far more attractive to traditional institutions that were once hesitant to adopt decentralized solutions.

Fnality has emerged as a prominent player in blockchain-based financial infrastructure, with backing from major global banks including Goldman Sachs, UBS, and Barclays. In December, the company launched its sterling payment system in the UK, offering a glimpse into how blockchain can transform central bank payment networks. The system is designed to handle high-value transactions securely and instantly, and it marks a notable step toward mainstream adoption of blockchain within institutional finance.

Looking ahead, Fnality plans to expand its reach by launching a U.S.-based dollar blockchain payment system by early 2026. This move would further integrate blockchain into the core of global financial operations and reinforce the role of decentralized technologies in the future of banking. Neal's comments and Fnality's momentum indicate that blockchain is steadily moving from the fringe to the foundation of financial services.