Ex-BoE deputy governor headlines trio of former central bankers joining Fnality

Jon Cunliffe, Jochen Metzger, and Ron Berndsen have joined Fnality's supervisory board as the blockchain settlement company expands its reach beyond its sterling payment system. Cunliffe, the former Bank of England deputy governor, has been appointed as chair of the UK board, while Metzger, a former Deutsche Bundesbank director general, will chair its European subsidiary's supervisory board.

Ron Berndsen, a senior official at the Dutch central bank, has also been added to the board. Fnality's sterling payment system, launched in 2023 and regulated by the Bank of England, enables market participants to settle obligations using central bank money balances. The company's blockchain settlement infrastructure is designed to support tokenized asset markets and banks' activity in stablecoins and tokenized deposits.

Cunliffe emphasized the importance of settlement in the safest assets available as the tokenization of financial markets continues to grow. Fnality has established a subsidiary in Germany to develop its proposed euro payment system and has set up Fnality Bank U.S. in Connecticut, where it is planning a dollar system and engaging with U.S. regulators.

The fintech raised $136 million in a Series C funding round in September 2025, led by Temasek, Euroclear, and Goldman Sachs.