A liquidity management network for wholesale payments and tokenized real-world assets took a step forward this week as the use of blockchain tech continues to reverberate around the traditional finance space.
Financial firms Lloyds Banking Group, Banco Santander and UBS took part in the new payment system, launched by blockchain payments startup Fnality.
Via the Sterling Fnality Payment System, the live payments took place in a Fnality-held omnibus account within the Bank of England’s real-time gross settlement service (RTGS), Fnality said in a Thursday news release.
The UK central bank said in April 2021 that it would allow RTGS to interface with more payment systems, such as…
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