Fnality International, a company delivering a next-generation payment system to support peer-to-peer markets and tokenization, today announced that it has joined the Enterprise Ethereum Alliance (EEA), the de facto standards organization for enterprise blockchain – one that is backed by the largest developer community in the world and a worldwide member-base.
As a member of the EEA, Fnality International will collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. The Fnality Payment System will be an essential enabler for the development of new tokenized assets and the marketplaces that will accompany them.
“Fnality is all about enabling settlement in tomorrow’s financial market infrastructure. Settlement requires all the parties involved to collaborate and cooperate; the EEA’s role is an essential part of that process and we are excited to work with the EEA and the other members to maximize the value of the new technology across the community.”
– Adam Clarke, CTO, Fnality
The EEA membership base represents hundreds of companies from every region of the world across a wide variety of business sectors, including technology, banking, legal, government, healthcare, energy, pharmaceuticals, marketing, and insurance. The EEA’s industry-focused, member-driven Special Interest and Technical Working Groups define market requirements needed to contribute to future versions of the EEA specification, helping to scale the number of market categories the specification supports.
EEA specifications and related materials are available for public download on the EEA website at entethalliance.org.
Fnality was set up by a consortium of financial institutions. The founding shareholders comprise: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds Banking Group, Mizuho Bank, MUFG Bank, Nasdaq, Sumitomo Mitsui Banking Corporation, State Street Corporation, and UBS.