On December 15th, Fnality International announced the appointment of Michelle Neal as its new CEO. Neal, currently Executive Vice President and Head of Markets at the New York Federal Reserve (NY Fed), will join Fnality in the first quarter of 2025. She has industry experience at BNY Mellon, Deutsche Bank, Nomura, Royal Bank of Canada and Royal Bank of Scotland. Fnality is a DLT settlement platform that last year launched the Sterling Fnality payment system, which is supported by 20 global institutions. Angus Fletcher is CEO of Fnality UK. The company’s system relies on an integrated central bank account that holds funds to back tokenized central bank currency. The platform plans to launch USD and EUR solutions, which require approval from the relevant central banks. It follows news that Rhomaois Rham, founding CEO of Fnality, plans to resign.