Fnality Raises $136M to Expand Blockchain Payment Systems for Banks

Fnality Raises $136M to Expand Blockchain Payment Systems for Banks

Fnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $136 million in a Series C round to expand its blockchain-based wholesale payment systems, the London-based firm said Tuesday.The investment was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with existing backers including Goldman Sachs, UBS and Barclays also participating.Fnality raised $9…

UK Blockchain Startup Fnality Raises $136 Million From Investors

Fnality International Ltd., a UK-based blockchain-payments company, has raised $136 million in a funding round led by financial institutions seeking to boost exposure to the technology underpinning cryptocurrencies.

Temasek backs UK blockchain payment firm Fnality's $136M Series C funding

Fnality, the operator of next generation wholesale payment systems in the United Kingdom, announced Tuesday it has raised $136 million in a Series C funding round led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb. The lead investors were joined by existing investors Banco Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq Ventures, State Street and UBS, Fnality said in a statement. According to …

Big Banks Pour $136M Into Fnality to Push Tokenized Payments Mainstream

TLDR: Fnality raised $136M in Series C funding to grow its tokenized settlement network and expand into new currencies. Lead investors include WisdomTree, Bank of America, Citi, Temasek, and Tradeweb, with 11 other major banks joining. Funds will support real-time settlement, liquidity management tools, and on-chain repo and FX solutions. Fnality’s network connects traditional finance with tokenized markets through regulated, central bank-backe…

Fnality raises $136m to develop solutions to bridge tokenized assets

Fnality, a London-based company specializing in blockchain payments, has secured $136 million through a series C funding round. The firm announced the success of the strategic fundraising event via an official blog post on Tuesday.  Furthermore, Fnality said some of the biggest investment firms participated in the event. As revealed, big names like Bank of America, Citi, KBC Group, Temasek, Tradeweb, and WisdomTree led the round. Likewise, other…