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Bitcoin $89,604.04 -2.98%
Ethereum $3,037.58 -4.47%
BNB $886.85 -2.02%
Optimism $0.30 -5.54%
Arbitrum $0.20 -5.99%
Solana $133.44 -4.05%
Polygon $0.22 +2.77%
Cosmos $2.21 -4.67%
Avalanche $13.30 -8.11%

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

On December 15th, Fnality International announced the appointment of Michelle Neal as the new CEO. Neal is currently the Executive Vice President and Market Director at the New York Federal Reserve Bank (NY Fed) and will join Fnality in the first quarter of 2025. She has industry experience at Mellon Bank, Deutsche Bank, Nomura Securities, Royal Bank of Canada, and Royal Bank of Scotland.

Fnality is a DLT settlement platform that launched the Sterling Fnality payment system last year with support from 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 currencies. The platform plans to launch USD and EUR solutions, which require approval from relevant central banks.

Earlier news reported that Fnality's founding CEO Rhomaois Rham plans to resign.

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

All Comments

Recommended for you

Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds

US investors consider crypto less as risk-taking drops: FINRA study

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