Fnality Secures $136M in Series C Funding to Expand Blockchain Settlement Network

Fnality, a London-based operator of regulated blockchain payment systems, has raised $136 million in a Series C round led by WisdomTree, Bank of America, and Citi. The funding will accelerate the expansion of its distributed ledger technology (DLT)-enabled settlement systems across major currencies and markets.

The company's Sterling Fnality Payment System (£FnPS), launched in December 2023, became the world's first regulated wholesale payment system settling in central bank-backed digital cash. Its infrastructure supports real-time settlement of tokenized securities, FX, and repo transactions—reducing counterparty risk while improving institutional market efficiency.

CEO Michelle Neal positioned the raise as validation of Fnality's role in rebuilding financial infrastructure. Investors including Goldman Sachs and UBS highlighted DLT's potential to deliver faster, interoperable settlement solutions for wholesale markets.