Fnality International was founded in May 2019 as the next step in a transformational project that started life as the Utility Settlement Coin (USC) Project. Our goal is to create a regulated network of distributed Financial Market Infrastructures (dFMIs) to support global exchange of value transactions. So transformational is this project, we already have five currencies in scope: CAD, EUR, GBP, JPY & USD.
Fnality was born out of the need to transform clearing and settlement processes; enabling Payment, Delivery vs. Payment (DvP) in tokenised securities markets, and in the secured funding market enabling instant settlement on a Payment vs. Payment (PvP) basis.
Olaf has been working in banking for 32+ years, starting at Salomon Brothers, then Goldman Sachs and Credit Suisse, working in London. Zurich and New York. Since 2009 Olaf has worked as an independent consultant.