Fnality develops payment systems based on distributed ledger technology (DLT). Its main product, the Sterling Fnality Payment System (FnPS), is backed by central bank funds and allows real-time peer-to-peer settlement. The system supports delivery versus payment (DvP), operates 24/7, and can connect to both traditional financial infrastructure and DLT platforms. Fnality is supported by a group of international financial institutions and focuses on improving efficiency and risk management in wholesale payments.