Michelle Neal, Executive Vice President of the New York Fed, will serve as CEO of the DLT settlement platform Fnality

2024-12-15 11:31:40

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ChainCatcher news, Fnality International announced the appointment of Michelle Neal as the new Chief Executive Officer. 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 comprehensive central bank account that holds funds to support tokenized central bank currency. The platform plans to launch dollar and euro solutions, which require approval from the relevant central banks.

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