Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander, and UBS had completed the “world’s first” live transactions that digitally represent funds held at a central bank. Fnality seeks to bridge the gap between mainstream and digital finance to cut the time and cost of settling, managing collateral, and making real-time wholesale payments for financial market transactions on a global scale. “The creation of a new systemically important global payment system is a once-in-a-generation event,” said Hyder Jaffrey, managing director f…