Fnality has integrated its distributed ledger technology (DLT) settlement solution with OSTTRA‘s foreign exchange (FX) payment versus payment (PvP) network, expanding settlement options for FX transactions.
The integration builds on last year’s adoption of Baton Systems‘ PvP solution, Core FX by industry post-trade platform OSTTRA. The combined platform now supports settlement using Fnality’s tokenized central bank reserves, in addition to the commercial bank money previously available through the PvP solution.
Fnality currently operates in sterling, with US dollar capabilities under development and additional currencies planned. The OSTTRA integration allows Fnality users to access FX transaction capabilities ahead of the platform’s expansion into other currencies.
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