BNP Paribas joins the Sterling Fnality Payment System
28 July 2025 UK
Image: MarekStokowski/stock.adobe.com
BNP Paribas has become the newest participant in the Sterling Fnality Payment System (拢FnPS).
This was immediately followed by the successful completion of an on-chain interest rate swap payment between BNP Paribas and Lloyds on the 拢FnPS.
Fnality delivers a central bank-regulated DLT-based wholesale payment system, enabling the use of an asset with the credit characteristics of central bank money, providing the trust and finality required for regulated institutions to scale activity in tokenised financial markets.
Michelle Neal, CEO at Fnality, says: 鈥淏NP Paribas鈥� participation in this successful interest rate swap payment within the 拢FnPS reflects how our DLT-based infrastructure is delivering tangible benefits in wholesale finance. These milestones are not just operational achievements; they represent progress toward a global financial system where funds move seamlessly, securely and in real time.
鈥淔nality鈥檚 collaboration with BNP Paribas is another meaningful step toward realising a more connected and efficient future for capital markets.鈥�
Hubert de Lambilly, head of Global Markets, Continental Europe, Middle East, and Africa at BNP Paribas, adds: 鈥淲e are pleased to collaborate with Fnality and complete our first interest rate swap payment on the Sterling Fnality Payment System. This transaction underscores our dedication to advancing the use of DLT to strengthen and modernise financial market infrastructure.
鈥淲ith the rapid shift toward digital systems, we believe platforms such as Fnality will be instrumental in building interconnected, global networks that support real-time settlement and more intelligent, cross-border liquidity solutions.鈥�
This was immediately followed by the successful completion of an on-chain interest rate swap payment between BNP Paribas and Lloyds on the 拢FnPS.
Fnality delivers a central bank-regulated DLT-based wholesale payment system, enabling the use of an asset with the credit characteristics of central bank money, providing the trust and finality required for regulated institutions to scale activity in tokenised financial markets.
Michelle Neal, CEO at Fnality, says: 鈥淏NP Paribas鈥� participation in this successful interest rate swap payment within the 拢FnPS reflects how our DLT-based infrastructure is delivering tangible benefits in wholesale finance. These milestones are not just operational achievements; they represent progress toward a global financial system where funds move seamlessly, securely and in real time.
鈥淔nality鈥檚 collaboration with BNP Paribas is another meaningful step toward realising a more connected and efficient future for capital markets.鈥�
Hubert de Lambilly, head of Global Markets, Continental Europe, Middle East, and Africa at BNP Paribas, adds: 鈥淲e are pleased to collaborate with Fnality and complete our first interest rate swap payment on the Sterling Fnality Payment System. This transaction underscores our dedication to advancing the use of DLT to strengthen and modernise financial market infrastructure.
鈥淲ith the rapid shift toward digital systems, we believe platforms such as Fnality will be instrumental in building interconnected, global networks that support real-time settlement and more intelligent, cross-border liquidity solutions.鈥�
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