"Employing a distributed payments system will make the Fnality settlement asset more resilient to systemic operational risk than existing payment systems. [...] In a distributed system, the multiple participants provide that backup, with no one participant being significant. The processing power in this system is also provided by this network of participants."
Sounds like it's permissioned with a few nodes. A farce like BSC?
It is not permissionless nwtwork. Clearly a centralised one haha