Fnality Secures $136M Series C Funding Led by Major Financial Institutions

Fnality International, the developer of regulated wholesale payment systems using distributed ledger technology, has closed a $136 million Series C round. The funding was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with participation from existing investors including Goldman Sachs, UBS, and Banco Santander.

The capital injection will accelerate Fnality's mission to bridge traditional wholesale markets with tokenized assets. Following its UK launch of the Sterling Fnality Payment System in December 2023, the company plans to expand its network to additional currencies and enhance liquidity management solutions.

Fnality's infrastructure positions it as a potential cornerstone for settlement interoperability between emerging digital assets like stablecoins and traditional financial systems. The involvement of major banks and financial institutions signals growing institutional confidence in blockchain-based payment solutions.