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Fnality International Secures $136 Million in Blockchain Payments Funding

Fnality International Secures $136 Million in Blockchain Payments Funding

Fnality’s $136 million Series C round, backed by global banks and investors, supports expansion of its regulated payment systems for tokenized assets and real-time wholesale settlements.

Fact Check
The statement is directly confirmed by a credible source. Evidence 16, a Bloomberg article, explicitly states: 'Fnality International Ltd., a UK-based blockchain-payments company, has raised $136 million in a funding round'. This is strongly corroborated by Evidence 15, from Fnality's own website, which announces a recent funding round of a very similar amount ($134 million). The other sources refer to an older, smaller Series B funding round from 2023.
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Summary

Fnality International completed a $136 million Series C funding round led by WisdomTree with participation from Bank of America, Citi, KBC Group, Temasek, and Tradeweb. The London-based firm operates a wholesale payment system regulated by central banks and launched the Pound Fnality Payment System (£FnPS) in December 2023. This platform enables banks to settle tokenized bonds, stocks, and repos using funds backed 1:1 by the Bank of England. Fnality plans to expand its system to other major currencies, develop liquidity tools, and create interoperability with stablecoins and tokenized deposits. Including this round, the company has raised over $280 million to date.

Terms & Concepts
  • Blockchain Payments: A digital payment system that uses blockchain technology to enable secure, transparent, and efficient transactions without traditional intermediaries.
  • Central Bank Digital Currency (CBDC): A digital form of central bank money issued and regulated by a nation's monetary authority.
  • Tokenized Assets: Traditional financial assets such as bonds, stocks, or repos represented in digital form on a blockchain for settlement and transfer.