Fnality Secures $136M to Enhance Blockchain-Based Payment Systems

Fnality has secured $136 million in a Series C funding round to enhance its blockchain-based wholesale payment systems. The round was led by major financial entities including WisdomTree, Bank of America, Citi, and others.

• Previous funding: Fnality raised $95 million in 2023 with leadership from Goldman Sachs and BNP Paribas.
• Technology: Utilizes distributed ledger technology for on-chain sterling payments using central bank money.
• Funding allocation: Expand systems to other currencies, improve liquidity management tools, and support settlement of tokenized assets such as securities and stablecoins.
• Benefits: Enables real-time trade settlements, delivery-versus-payment for digital securities, and payment-versus-payment for forex, reducing intermediaries and accelerating settlement times.
• CEO's vision: Michelle Neal highlighted progress towards integrating traditional finance with decentralized markets.
• Investor perspective: Investors view this as part of the modernization of financial infrastructure for tokenized assets.