Ex-BoE Cunliffe Joins Fnality With Former Central Bankers | RWA News
RWA news: Ex-BoE Cunliffe Joins Fnality With Former Central Bankers. This update explains what changed, why it matters for tokenization, onchain finance, and institutional adoption, and what the crypto market should watch next.
RWA And Tokenization Update
Fnality has named former Bank of England deputy governor Jon Cunliffe to chair its UK board as the blockchain settlement company develops euro and US dollar payment systems.The company said Thursday that Jochen Metzger, a former Deutsche Bundesbank director general for payments and settlement systems, had joined its European subsidiary’s supervisory board and was expected to chair it. Ron Berndsen, a former senior official at the Dutch central bank, also joined the board.Fnality’s sterling payment system launched in 2023 and is regulated by the Bank of England. It enables market participants to settle obligations using central bank money balances.The company said its blockchain settlement infrastructure is designed to support tokenized asset markets and banks’ activity in stablecoins and tokenized deposits.“As the tokenisation of financial markets gathers pace, settlement in the safest assets available will be crucial to maintaining financial stability,” Cunliffe said in the announcement.Fnality has established a subsidiary in Eschborn, Germany, to develop its proposed euro payment system. It has also set up Fnality Bank U.S. in Stamford, Connecticut, where it is developing plans for a dollar system and engaging with US regulators.The London-based fintech raised $136 million in a Series C funding round in September 2025, with participation by investors including Temasek, Euroclear and Goldman Sachs, according to data compiled by Traxcn.Related: Acting CFTC chair to join MoonPay after leaving agencyCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Why This RWA News Matters
First, this development may affect tokenized assets, onchain finance, institutional participation, and market liquidity. In addition, it may influence treasury products, private credit, tokenized funds, and cross-market adoption. As a result, traders and investors should watch the next moves closely.
What To Watch Next
Watch for updates from issuers, asset managers, exchanges, and regulators. In particular, any new developments involving tokenized treasuries, real estate, private credit, or tokenized securities could directly affect the broader crypto market.
