Written by Yohan Yunstaff editorReviewed by Robert Lakinstaff editor

Written by Yohan Yunstaff editor

Reviewed by Robert Lakinstaff editor

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

Latest NewsPublishedSep 10, 2026

Jon Cunliffe, Jochen Metzger and Ron Berndsen join Fnality Europe’s supervisory board as the company works to expand beyond its sterling payment system.

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 stated 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 introduced in 2023 and is regulated by the Bank of England. It enables market participants to settle obligations using central bank money balances.

The company stated 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 stated 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, as reported by data compiled by Traxcn.

Related: Acting CFTC chair to join MoonPay after leaving agency

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• Bank of England
• Central Bank
• Tokenization
• Stablecoin
• Banks
• Payments
• Industry

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