Fnality Raises $136M to Expand Central Bank Blockchain Payment Systems
Fnality secures $136 million in Series C funding from Wall Street and European financial leaders to advance regulated settlement infrastructure bridging traditional finance and blockchain-based markets.
Fnality confirmed a $136 million Series C funding round led by Bank of America, Citi, and WisdomTree, marking an official announcement of strategic backing from leading financial institutions. Additional investors include KBC Group, Temasek, and Tradeweb, with continued support from Goldman Sachs, UBS, and Barclays. The funds will support expansion into multiple currencies, development of liquidity management tools, and settlement capabilities for tokenized securities and stablecoins. The platform offers real-time settlement, delivery-versus-payment for digital securities, and payment-versus-payment for foreign exchange, enhancing efficiency and reducing intermediary dependence.
- Tokenized Assets: Digital representations of physical or financial assets issued on a blockchain, enabling faster and more efficient trading and settlement.
- Delivery-versus-Payment (DvP): A settlement mechanism ensuring securities delivery occurs only if the corresponding payment is made, reducing counterparty risk.
- Payment-versus-Payment (PvP): A settlement mechanism in foreign exchange transactions where payment in one currency occurs if, and only if, payment in the other currency takes place.