Fnality Secures $135M to Advance Blockchain Settlement Network

Fnality Secures $135M to Advance Blockchain Settlement Network

Fnality International, a pioneering firm specializing in blockchain-based payments, has successfully closed a Series C funding round, raising a substantial $135 million. This significant capital injection underscores a growing industry confidence in distributed ledger technology (DLT) to revolutionize wholesale financial markets and global settlement processes. The U.K.-based company’s latest funding round, publicly announced on Tuesday, September 23rd, saw participation from a consortium of prominent financial institutions and investors. Leading the charge were WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb. Additionally, the round garnered support from existing investors including Goldman Sachs, Barclays, and Santander, signaling a broad-based endorsement from major players within the traditional finance ecosystem. This diverse group of backers highlights a collective strategic interest in integrating cutting-edge blockchain solutions into conventional banking in…

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