On December 15th, Fnality International announced the appointment of Michelle Neal as its new CEO. Neal is currently Executive Vice President and Head of Markets at the Federal Reserve Bank of New York (NY Fed) and will join Fnality in Quarter 1, 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 launched the Sterling Fnality payment system last year, which is backed by 20 global institutions. Angus Fletcher is the CEO of Fnality UK. The company's system relies on an integrated central bank account that holds funds to back a tokenized central bank currency. The platform plans to launch solutions in US dollars and euros, which require approval from the relevant central banks. Previously, it was reported that Fnality founding CEO Rhomaois Rham plans to step down.