Tokenised Sterling Is Here, And It Shows Us The Future Of Money

One of the first users of the new type of account is Fnality, formerly known as the Utility Settlement Coin (USC), which has just gone live. Fnality’s backers (who include Goldman Sachs, Barclays, BNP Paribas, BNY Mellon, CIBC, Commerzbank, DTCC, Euroclear, ING, KBC, Mizuho, MUFG Bank, Nasdaq Ventures, Nomura, Sumitomo Mitsui, State Street and WisdomTree) think that tokenised Sterling that can be in cross-border, round-the-clock wholesale transactions will reshape financial markets. Now that it has made its first transactions, it is a good time to look at what might happen when everything is tokenised, when tokenised securities are traded for tokenised money everywhere and all the time.