Big Banks Inject $136 Million into Blockchain Payments Network Fnality #
Fnality has closed a $136 million Series C to scale its blockchain-based wholesale payments network. The round was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb, with participation from existing backers including Banco Santander, Barclays, BNP Paribas, DTCC, Euroclear, Goldman Sachs, ING, Nasdaq Ventures, State Street, and UBS. The raise is framed as a strong institutional vote of confidence in tokenised finance. Fnality International
Funds will support expansion of the Fnality Payment System (FnPS) beyond sterling into other major currencies and the rollout of liquidity tools and interoperable settlement for innovations like stablecoins and tokenised deposits. Following the UK launch of the Sterling FnPS in December 2023, Fnality is pushing use‑cases including delivery‑versus‑payment (DvP) for tokenised securities, payment‑versus‑payment (PvP) FX, and real‑time repo—with rails anchored in central‑bank money and available 24/7.